How the $127bn drone industry will change the way we live

How the $127bn drone industry will change the way we live

However, this competitive space has already triggered the demise of similar projects from Facebook, which aimed to create internet-beaming drones after buying UK start-up Ascenta but was forced to shut its operations last year after regulatory scrutiny and an unfortunate crash. 
If these projects take off, they could provide a lot more than just internet connectivity – they could replace the costly space-bound satellite equipment used in global communications and help us to reduce the amount of space junk floating in our thermosphere.
Instead of leaving unusable satellites floating in space, companies and the public sector could recall a drone and upgrade it, says Dr Owen McAree of Liverpool John Moors University.
“The cost of launching this is much cheaper than a satellite and you can upgrade it much more easily.”
Insurance
US insurance companies have led the charge for commercial drone use, taking out licences to use the technology as early as 2015 for projects that range from charting rooftops to inspecting damaged crops.
Insurers can use drones to check the extent of damage in locations where there has been a claim, and can help to counter fraud claims which cost them £1.3bn in the UK alone.
According to the Association of British Insurers, half a million insurance frauds were detected in 2017 – or one every minute – from lying when applying for cover to making a dishonest claim.
Drones will form a part of the third industrial revolution for insurers, alongside big data and blockchain, says Nick Humphrey, partner at law firm Kennedys.

window.clientlibs.js.twitter_js = {
test: “document.querySelectorAll && document.querySelectorAll(‘.twitter-follow-button, .twitter-tweet, .twitter-timeline’).length === 0”,
load: [“//platform.twitter.com/widgets.js”]
};

window.clientlibs.js.ooyala_core = {
test: true,
load: [“/etc/designs/telegraph/core/clientlibs/core/vendor/ooyala/ooyala-player.min.js”, “https://sb.scorecardresearch.com/c2/plugins/streamingtag_plugin_ooyalav4.js”]
};
window.clientlibs.js.facebook_sdk = {
test: “document.querySelectorAll && document.querySelectorAll(‘.fb-page’).length === 0”,
load: [“//connect.facebook.net/en_GB/sdk.js”]
};


Source link