Nowcasting Using Satellite-Based Thermal Infrared Radiation

LingU
Overview

A novel method to directly measure firms’ operating activities through satellite data on thermal infrared radiation (TIR). It addresses the lack of real-time, granular insights into production processes, which are traditionally inferred from periodic financial reports. Leveraging high-resolution satellite imagery, the TIR measure captures heat emissions from industrial activities, reflecting the energy-intensive nature of manufacturing operations.

  • Nowcasting Using Satellite-Based Thermal Infrared Radiation 0
  • Nowcasting Using Satellite-Based Thermal Infrared Radiation 1
Technical name of innovation
Nowcasting Using Satellite-Based Thermal Infrared Radiation
Commercialisation opportunities
technology licensing agreement
Problem addressed

The lack of real-time, granular insights into firms’ production processes is traditionally inferred from periodic financial reports.

Innovation
  • Utilization of publicly available satellite data from Landsat 8/9 for cost-effective, scalable analysis.
  • Development of advanced algorithms to isolate production-related TIR from environmental factors.
Key impact
  • Application across diverse industries, making the technology universally adaptable.
  • Early detection capabilities for operational disruptions, offering competitive advantages for stakeholders.
  • Relies on publicly available satellite data, minimizing operational costs.
Application
  • Predictive analytics for stock returns, corporate performance, and insider trading monitoring
  • Real-time monitoring of operational efficiency and resource utilization
  • Benchmarking energy efficiency and compliance with environmental standards
  • Early detection of production disruptions and capacity utilization
Lingnan University

Lingnan University, a venerable institution in Hong Kong's academic landscape, has a rich heritage that dates back to its founding in Guangzhou in 1888. Known in its earlier years as Lingnan Xuexiao and subsequently as Lingnan University, the institution flourished in the field of higher education until 1952. It was reborn in Hong Kong in 1967 and has since aspired to evolve into a distinguished research-focused liberal arts university for the digital age. Lingnan is committed to excellence in teaching, learning, research, and fostering community ties, aiming for international acclaim.

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