Wednesday, May 6, 2020

Drone Business Opportunities are Limited

Naysayers are adamant that drones can only do a few things, they’re expensive to use and maintain, and the ROI isn’t very high. Not surprisingly, Drone Advisory Council members vehemently disagree.

As an example, a traffic fatality can take up to six hours for law enforcement to investigate and clear the scene using traditional technologies. With drones, that time can be cut in half and officials would see greater accuracy in their data, Spotted Eagle said. “You can see a reduction in time and cost, but also get significantly greater value from better data.”

There is opportunity for drone technology to solve problems in almost any vertical market and increase productivity and efficiencies, said council members.

“Over the last year or so we have seen much broader adoption of drones for industrial inspections,” said Frechette. “Large oil and gas companies, and power utilities are moving from pilot programs to more traditional services contracts. The business is there, and so is the value.”
The Reality: Drones Are Here to Stay

The best way to bust these myths and evangelize drone technologies and use cases is to keep communicating, building solutions and demonstrating value to customers and prospects, said council members.

“As a council, we are doing quite a bit to reduce the lack of familiarity and present opportunities packaged for businesses,” Spotted Eagle said. “Frankly, that’s why you would work with a drone solution provider—to rely on them to help you understand and abide by regulations.”
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