Drones Becoming a Competitive Business Advantage

Published by , July 4, 2016 12:25 am

(HarvardBusinessReview) Commercial drones are about to become a new source for digital information. The drone market is expected to surge to nearly $7 billion by 2020 globally, driven by regulatory clarification, continuously decreasing component costs, and – most important– ongoing innovation that connects drone capabilities to big-data analytics.
Drones have a significant advantage in terms of precision, convenience, and cost over more traditional solutions such as satellites and helicopters. Drone-mounted sensors can be used to capture an impressive array of data, paving the way for increased digitalization of industrial processes. The multiplying possibilities of drone-based data could inspire across-the-board alterations in data gathering strategies, particularly if such changes lead to cost savings, improved safety, and enhanced analytics.

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