10 Ways Entrepreneurs Can Benefit from Drone Technology

The latest innovations in technology are inspiring entrepreneurs every day. One particular invention set to gain further momentum in 2017 is the unmanned aerial vehicle, also known as the drone. These flying devices resemble remote-controlled airplanes or helicopters from previous generations, only more sophisticated and practical.

Drones have been around for a while now, but their market appeal has only recently taken off. The annual Consumer Electronics Show (CES) in Las Vegas, arguably the largest convention of its kind, now has an entire section dedicated to drone technology. There’s even a CES spin-off “drone rodeo” event that takes place off-site to give developers more room to exhibit their products in action outdoors.

When people think of drones, they typically picture people flying one in the park for fun, or the drones Amazon recently started using to deliver packages. Drones certainly are used these ways, but these machines feature more versatile capacities that can benefit a wide range of industries. Entrepreneurs and business leaders should consider the following drone applications as they think about the future of their companies.

1. Data gathering

Drones offer an alternative method for acquiring data from an aerial perspective — they can essentially replace the satellites, helicopters, and planes that were previously needed to gather the same information. With these devices, companies can collect and transmit real-time data from remote locations in a safe, cost-effective way.

2. Internet connectivity

Not only can drones help with retrieving information, they may one day help share the Internet with the world. Facebook has started building drones capable of flying for roughly three months at a time all the while broadcasting a Wi-Fi signal over a 50-mile radius. Put in practice, this concept should open up international business opportunities and could help accelerate development in rural, impoverished areas of the world.

3. Security

Another benefit of drones is their ability to provide security and surveillance services. Almost every device comes equipped with a camera, and with the versatility of flight, they can capture footage and monitor remote locations in a way that traditional security cameras can’t. Business owners may consider a drone as a way to guard their inventories or assets from a distance and ultimately prevent theft.

4. Agriculture

Professionals in the agriculture industry are also interested in the surveying ability of drones. In fact, sales of commercial drones for farming may net as much as $5.9 billion internationally in the coming years. Monitoring crops, applying pesticides with greater accuracy, and taking soil samples are just a few of the major tasks that drones can perform for farmers.

5. Journalism

Capturing aerial footage is a major need in the journalism and news industries. Various newsrooms across the country have already harnessed the technology of drones in their broadcasts. Drones help tell more powerful stories by giving multiple new visual angles on events as they unfold, and going where reporters can’t. Even outside of journalism, entrepreneurs and business leaders will find that drones can be harnessed for marketing and advertising purposes.

6. Medicine

In the health care field, drones can assist with delivering much-needed medical supplies to areas unreachable by roads. Drones not only travel where people cannot, they do so much faster than other methods, which is a great help in the case of emergencies. More advanced drones could conceivably even deliver equipment that connects first responders and patients in the field with physicians in hospitals far away. Microphones, defibrillators, and the like can help save lives in an emergency, even in areas with standard 911 response times.

7. Nonprofits

Closely related to medicine is the use of drones in the nonprofit sector. For instance, groups interested in environmental issues have begun deploying these devices to aid with climate change research and documentation of environmental disasters. Drones can even assist with reforestation efforts. Monitoring endangered animals and their habitats are other areas in which drones are of great utility.

8. Construction

Entrepreneurs and business leaders interested in a cost-effective tool for inspecting buildings and surveying job sites should consider a drone. Flying a device up on a roof or out over a bridge can reduce personnel costs and decrease the risk of on-the-job injuries. Companies have already employed drones in building suspension bridges, and the construction industry is expected to account for as much as $11.2 billion in drone purchases in the coming years.

9. Real estate

Shopping for a home is a new experience in the digital age. Drones can guide tours through any property, providing footage from any distance. This option is particularly helpful in the case of vacation homes located far away, as the video can show the home and surrounding area. Drones can also save time and money for real estate agents, because more people can view a house or property at a time.

10. The drone industry itself

Aspiring business leaders looking for a startup idea might consider going into the drone industry itself. PwC estimates that the global market for drones will surpass $127 billion in 2020.

Originally posted in : https://medium.com/@KeithKrach/10-ways-entrepreneurs-can-benefit-from-drone-technology-c079eb944e4f


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