I'm not sure why the question is quoted, but as a partial answer: yes of course. The
NOAA and similar organizations throughout the world use all sorts of data from satellites to understand and predict the weather of tomorrow and as far into the future as they can. It's called atmospheric sciences and it's all about applied physics.
If someone needs answers as to why understanding and predicting the weather is important, well ok, first, it's for agricultural planning and making sure humans can eat, second it's so that people can decide where to live and build stuff. All of that is also economics, and that's what economics is all about: trying to predict how humans will behave. That helps governements, bankers, insurers, investors and business people, and that basically includes everyone. So yes, satellites of all sizes help with all of that.