Home Science New Study Finds GPS Outage Would Cost $1 Billion Per Day

New Study Finds GPS Outage Would Cost $1 Billion Per Day

As technology has become important part of our lives over last couple of years, sometimes you can’t help but wonder what would happen if certain aspects of technology become unviable for a short period of time. GPS remains to be one such elements of our lives. In a recent study, a group of researchers revealed what would happen if the entire GPS system would go down indefinitely. https://www.rti.org/sites/default/files/gps_finalreport.pdf According to the researchers, we won’t be noticing significant differences in the first day of outage. However, from the second day, mobile carriers as well as other industries such as shipping, mining would fall apart as industries’ workflow will come to a standstill. Interestingly, from third day onwards, GPS outage will cause a loss of almost $1 billion per day with the amount going up to almost $1.5 billion per day during key months of agriculture. In case you aren’t aware, back in 1984, GPS network was opened for commercial uses and since then, the technology’s value has increased significantly. Since its introduction, the technology has made a contribution of $1.4 trillion towards U.S. economy.

As technology has become important part of our lives over last couple of years, sometimes you can’t help but wonder what would happen if certain aspects of technology become unviable for a short period of time. GPS remains to be one such elements of our lives. In a recent study, a group of researchers revealed what would happen if the entire GPS system would go down indefinitely.

According to the researchers, we won’t be noticing significant differences in the first day of outage. However, from the second day, mobile carriers as well as other industries such as shipping, mining would fall apart as industries’ workflow will come to a standstill. Interestingly, from third day onwards, GPS outage will cause a loss of almost $1 billion per day with the amount going up to almost $1.5 billion per day during key months of agriculture.

In case you aren’t aware, back in 1984, GPS network was opened for commercial uses and since then, the technology’s value has increased significantly. Since its introduction, the technology has made a contribution of $1.4 trillion towards U.S. economy.

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