Study finds that a GPS outage would cost $1B per day

Now, one of the most comprehensive studies on the subject has assessed the value of this GPS technology to the US economy and examined what effect a 30-day outage would have—whether it’s due to a severe space weather event or “nefarious activity by a bad actor.” Some sectors of the economy are only beginning to realize the value of GPS technology, or are identifying new uses for it, the report says, indicating that its value as a platform for innovation will continue to grow. “GPS came along at a time of significant evolution in the telecom sector and played a critical role in the digitization of telecom infrastructure and the advent of wireless technology,” the study states.

Source: arstechnica.com