May 28 2008

GPS Equals $$$ ?

Category: PersonalChrisM @ 3:46 am

As readers will know from past posts, I got a new phone this Christmas to replace my old PDA, phone and bluetooth GPS unit. It has already been pretty useful for the obvious things like getting directions with route finding software, finding out where I was with Google maps, and marking places of interest for future visits. However, what about those people who don’t want a full on multi-system like the Kaiser? Miniaturized GPS units, like those that GTX Corp are producing could well be catalyst in a huge consumer boom in purchases. Whether it be a small belt clip for athletes, a discrete vehicle tracking unit, or simply anything with such a small GPS Tracking Device integrated into it, the potential uses are only just starting to be realised. The fact that the technology has improved so much means that size constraints no longer apply to what sort of existing objects can easily be redesigned by manufacturers to integrate location tracking, and with the increasing availability of the internet whilst on the move, you don’t even need to be in a centralized office to co-ordinate the data coming in. All this means that many people see GPS-based companies as the next wise move for investors looking to get in relatively early to a blossoming sector. Do I have enough money to invest in companies? Not yet sadly, but if someone asked me which areas were worth considering, it would have to be in my top 5.

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