Category: Technology

How to Implement Security Measures For Internet Of Things?

Across the span of diverse industries, disruptive technologies like Internet of Things are helping organizations stay ahead of the growth curve. Current market trends show how IoT can be transformative and fuel the growth of new processes, dynamic technologies, and exciting products.

However, this unsurpassed growth and rapid adoption of IoT can lead to severe security issues. According to data presented by Gartner, the IoT market will experience a remarkable expansion with 26 billion IoT units by the end of 2020.

That clearly explains the need for a robust security strategy. Internet-Of-Things shares integral connections with a company’s IP or intellectual property, which makes effective security ll them ore critical for an organization.

How to implement security measures for Internet Of Things

Identifying the security challenges

That was just a prologue to what the Internet-Of-Things does for various organizations. If you are planning to leverage this dynamic technology, security will emerge as the need of the hour. Although it’s a ubiquitous term for a range of integrated systems and internet operated devices, IOT is a tech innovation. Rapid expansions lead to a gamut of security challenges including:

  • Replication Attacks

    The design and development of an IoT device take place just a single time. Once these devices get produced, mass replication occurs, and millions of replicas come into the market. Quite naturally, that increases the possibilities of security attacks. If hackers succeed in attacking a single device, the others with similar system integrations will fall prey to such attacks.

  • Connectivity issues

    Connected devices control a multitude of systems and core processes including utility grids, communication systems, and transportation infrastructure. A major attack on these systems will lead to a mass catastrophe.

  • Non-updated systems

    Most of the times, connected devices and systems aren’t updated and run on the same software installed during the development process. That hampers their capability to fight security attacks thus making the entire system highly vulnerable.

These are some of the critical challenges faced by connected devices and IoT-enabled systems. With these aspects in mind, it’s high time for you to implement the right security strategies.

How to implement security measures for Internet Of Things

How to secure systems in Internet of Things?

If critical data threats or malicious software affects your set of connected devices and systems, here’s what you can do to save them:

1.     Secured boot and access

It is better to begin right from scratch and achieve secured boot. Let the manufacturer come up with ‘cryptographically-signed’ code that offers secured access to these systems.

2.     Data encryption

Your IoT devices deal with optimum data encryption. Protect confidential data and make it a point to offer secured access to users.

3.     Password authentication

Those failing to provide the authentication password won’t gain access to the IOT system. Password authentication is a highly crucial security measure as it restricts user entries.

4.     Fighting cyber attacks

You will get the chance to fight cyber-attacks on your IOT systems with embedded firewalls. Firewalls offer access to authentic hosts and block hackers, thus ensuring optimum protection for the system.

Concluding note

With Internet of Things turning out to be the future of integrated operations, it is high time secure it against critical security issues. Implement these security measures and be on the right path to growth using IoT.

The Future Of Augmented Reality

The Future Of AR Technology

 

Will the future be Augmented?

What if you could see things no one else could see?

What if the objects around you could communicate to you?

Sounds like the plot of a Sci-Fi movie? Well, it is the future, a future adorned with augmentation of the real world.

Augmented Reality

Augmented reality (AR) overlaps the virtual world and the real world to create a ‘fantasy-like’ experience. With AR, you can view your living room on a smartphone and see how virtual furnitures would fit into the real world. The applications are infinite and will be limited to the inventor’s imagination. They span through numerous sectors from training, marketing, education, e-commerce, retail to real estate.

The outcomes are endless and the revenue making opportunities are unimaginable. AR systems can spice up anything promotional or worth marketing. Brands such as Nike are already going full guns with AR and the future is all set to be augmented if the current trends are to be believed. And if one of the most popular apps of 2016, Pokemon Go has taught us something, it is that the reality in the future will be augmented.

AugmentedReality-PokemonGo

Augmented Reality has still got a long way to go and these are some of the challenges it might face on the road to capturing the market.

 1Marketing: Lousy marketing campaigns might completely dig the grave for this technology and unless something unique and innovative is thought upon, it might just fade away.

2. Content: Content defines the eventual outcome of any new product. If content developers fail to understand the possibilities and limitations of AR, and churn out cliched content, the future of AR might be very bleak.

3. Hardware: Making AR hardware readily available to the masses is a big concern. Eventually, if the right tool to access AR is not available in the market at affordable rates, the whole process of developing it will go down the drain.

Similar challenges were faced by the Internet, Mobile Phone, Social Media Giants but the investors stuck to the task and made the technology a necessity for the masses.

One point of view to look at AR is that it is expected to grow by 90% every year until these challenges do not saturate and hinder it. Companies are spending big bucks on AR. However, it is still under the clouds and there are many prospects on which leading tech giants are working on. Reportedly, Microsoft has paid as much as $150 million to buy IP assets related to augmented reality.

AR is also taking upper hand in the field of advertising and promotional events. Today smartphones have in-built GPS receivers, compasses and accelerometers that make it possible to know exactly where it’s located and what they are viewing. Augmented reality applications such as “Layar” utilizes these features to show people information through their camera screens about the surrounding businesses.

Click here to watch how Layar works

So, there is no doubt that investors believe in the technology and will continue to invest in its R&D consistently. AR is set to change gaming e-commerce, education or to put it in simpler terms, our everyday lives.

Augmented-Reality-advert

 

How will AR transform our future?

 1Digital Marketing: Digital Marketing of your product via ground-breaking Augmented Reality tools will ensure bigger market share. Augmented Reality is recognized as an enhanced marketing application that customers can engage with at home, in store, or on the go. Services such as  augmented packaging, on street marketing, geolocalized apps, and interactive consumer products will change the marketing trends.

2. Mapping: Geo-location and its real time display of enhanced maps will change how we navigate.  Augmented Reality can provide classified and suggestive information to the user such as nearby restaurants, bars, grocery stores, and fashion outlets.

3. Education: Educational resources are magnified by Augmented Reality systems and can be used to recreate events or transform books into 3D images all superimposed in real-time.  Augmented Reality is an excellent virtual assistant for educators in classroom settings and helps students gain a deeper understanding on the topic. By overlapping content to media, the reading experience is made more enriching.

4. Industry Applications: Industrial, military and medical applications regarding the genesis and development of a concept can be made simpler by Augmented Reality. When soldiers need information on their surroundings they can refer to detailed 3-Dimensional maps. If a doctor is performing a surgery, a live human subject can be made accessible. Occupations of all kinds can benefit from AR applications. The workforce can be trained well and also be assisted in day to day operations.

Whether you find your future-self living in a world where Christopher Nolan’s’ epic Sci-Fi film “Interstellar” spurs imagination around you or you are on the hunt for a rare Pokemon GO species, Augmented Reality is as real as it gets and it is here to stay.

 

“Reality is merely an illusion, albeit a very persistent one.” 

-Albert Einstein

Virtual Reality applications in boosting confidence

Virtual Reality to Practical Confidence.

 

“People think every creative idea possible has already happened, unfortunately, technology is greedy, it wants more.”

 

In this hotchpotch of a world that we live in, sometimes some souls lack behind in certain basic skills such as communication and decision-making. It is either due to lack of exposure or hereditary to put it in simpler terms. Most of us are afraid of the stage or fear facing a huge crowd. And some of us live with that fear forever, protecting ourselves in a cocoon not realizing how it affects our overall growth. It is not just the basic skills that need confidence. It can be your professional skills as well. And it is time proven that confidence can only be harnessed through practice and gaining experience.

Virtual reality is capable of stimulating experiences in our mind that as of now no other tech can match up to. It can virtually make you face your worst fears and teach you to cope with them. VR can fool your mind that you’re already well versed with something which you may or may not have experienced in reality.

Let us discuss 7 possibilities on how VR can train the mind:

 

1. Medical Training: Medical students can now perform surgical procedures on live 3D models of the human body instead of corpses till they perfect the procedure. They will get a hands-on experience with virtual patients and emergency cases. This will result in medical professionals with experience and embedded with confidence.

Virtual Reality App- Medical Training

 

2. Stage fear: There are already mobile apps that let you practice in front of a virtual audience in your choice of environment. From best man speeches, lectures and interactive talks, you can practice them beforehand and be more confident at delivering your words. Soon, there will be Tedx talk environments for the enlightened ones as well.

Virtual Reality App - Stage Fear

 

3. Meditation: Imagine meditating in the middle of a forest under a banyan tree sitting on a couch. Virtual reality can take you anywhere you want, with minimal noise and utmost peace. Stimulating the senses in such an environment can calm our emotional facade.

Virtual Reality App - Meditation

 

4.Therapy: Stress and mental fatigue can break down anyone. Virtual reality can provide relief to the affected by psychologically planned scenarios, creating a therapeutic environment or interacting with a long distanced loved one in a VR environment.

Virtual Reality App - Therapy

 

5. Military Training: A trainee soldier or a trainee pilot can now experience real-life attack scenarios and respond accordingly. The military will save tremendously on their training costs and in turn, will gain soldiers who are ready for the brunt of their profession.

Virtual Reality App- Military Training

 

6. Sports: Virtual Reality can entirely change the way a batsman, footballer, athlete or a race car driver practices. It can simulate different environments, difficulty and fatigue levels to keep the players geared up for the action by enhancing their confidence levels.

 

Virtual Reality App - Sports

 

7. Surrealism: Sometimes, all we need is time by ourselves. It is a proven fact that solitude once in a while can do wonders. Virtual reality can set up an environment of your choice, on a beach, on the top of a hill or just floating in the outer space. This will immensely help you feel better and drive your productivity sky high.

 

Virtual Reality App - Surrealism

Escaping reality is not a bad idea, in fact, it is one of the best ideas mankind has had. Right from books, media, and gaming, we have been constantly evolving ourselves to diverge from reality for a few moments. And when technology is in our hands, why not use it and improve our personality, stimulate our minds for an improved performance and in the overall process boost our confidence.

Top Five Trends in Enterprise Mobility To Look Out For in 2017

The popularity of enterprise mobility can be easily recognized from the fact that about 71% of the organizations consider mobility as their number one priority. According to an estimate by Nasscom, the global market for enterprise mobility is approximately valued at $140 billion annually by the year 2020. It is not a surprise at all to see this encouraging adoption of enterprise mobility services by companies irrespective of scale or size, considering that it can save almost 240 hours per employee.

Top_5_Enterprise_Mobility_trends_in_2017

But, it is also important to note that this is an emerging technology with the space being extremely fluid. Every other day, new paradigm seems to be emerging. Check out these top five trends in enterprise mobility for 2017 to ensure that you are on the right track with your mobility integration programme.

1.     Artificial Intelligence features likely to go mainstream

You must be aware that AI or Artificial Intelligence technology is being widely used in the field of computing. This has led to a growing number of enterprise apps becoming “smart” now. Some of the examples are Cortana, Google Now and Siri. The launch of many smart apps like these enables the users to regulate the security, heating and lighting systems.

An increasing number of enterprises have started relying more on technology due to the fast adoption of Artificial Intelligence. At the same time, security concerns have risen as compared to earlier times. In case, there is a security failure, it can be a threat to the whole enterprise. So, it is the responsibility of an enterprise to assure complete security.

2.     Rapid application of cloud technology

Cloud services now have become extremely mature. These services are easily available and are both reliable and can be procured at affordable prices. The high probability of the big data has further increased the migration of these enterprise services to cloud,

Though the popularity of the cloud computing is beyond doubt, there is a big challenge in the form of security. Many enterprises are trying to control this concern by opting for on-premise mission critical applications or apps and hybrid solutions on the cloud.

3.     Bring-Your-Own-Devices has gone being more than just a trend

BYOD or Bring-Your-Own-Devices culture is very common these days in the corporate world. It offers benefits like high efficiency and tremendous productivity along with increased use of mobility. All these have made BYOD not just a trend but much more. It is graduating into becoming a usual norm in several enterprises. However, there are some challenges too. The devices brought by the executives are hardly equipped with the security features that are mandatory for being used inside the premises of an enterprise.

So, the IT team of an enterprise is under a lot of pressure to ensure the security of all those BYOD devices, which are being used inside the corporate network. MDM or mobile device management solutions are deployed to minimize the possible pain points, which can come in the way of productivity, as well as the work fluidity that gets executed on those devices.

4.     Increase of companion apps

Many organizations are literally struggling to develop certain enterprise apps that will be beneficial for their customers as well as for internal functions. Instead of generic apps that were a trend earlier, the focus now is more on companion apps. These are apps that intend to make a certain function or task easy instead of cloning all the features of a particular desktop app.

5.     Increase of Citizen Developers

Since the enterprise apps are highly in demand, they have led to the popularity and the rise of no-code, low-code and cross-platform development environments that provide user-friendly options like drag and drop and speed up the timeline of the app development to a great extent.

How Virtual Reality Can Impact the Gaming Industry

Even a few years ago, the very idea of simulated three-dimensional worlds that you viewed through those special goggles appeared to be unfamiliar. But, today things are no longer the same. Virtual Reality has gone mainstream and is increasingly adopted today to bring about a competitive edge and win over customers with tremendous audio-visual impact. For instance TechViz states that 171 million people globally could be using VR hardware and software by 2018. Another stat from Digi-Capital states that the 2020 VR revenue forecast stands at $120 billion.

Changing trends in Virtual Reality

So, how are things different from before? In fact, Hollywood has been using the concept of virtual reality for several decades now. The technology sector has been also creating prototypes every now and then. But, what makes things interesting is that consumers can now expect to find high-tech virtual reality gadgets getting closer to the consumer products. The applications based on VR are rapidly emerging in the market. Gaming based on VR does not exist in isolation but is interconnected with latest technologies and social behavior. The synergy between all these fields can change the way you will experience situations and your behavior.

How_Virtual-Reality_Is_Going_To_Change_the_Gaming_Industry

It has also enabled the game developers to design new and interesting gaming experiences. The experiences include online casinos using VR technologies big time, which is extremely popular. Here are some of the ways Virtual Reality can change the gaming experience.

Synergy between collaborating gaming scenarios and social experiences

Virtual reality can create social experiences even while gaming. The person who uses the virtual reality headset can only view the various virtualized elements. This can be also regarded as a piece of the puzzle where the individual who can view the elements needs to communicate the same to the other team members. The job of the team then is to conclude what is the thing to do thereafter.

VR enables greater involvement among the players

Players are more involved when the gaming is based on VR, equipping them with a higher number of tools at their disposal as compared to the flat-screen gaming. While flat-screen gaming does have the capacity to make the players feel emotional to some extent, it does not match up to a VR gaming experience where the players feel as if everything is happening in reality. The players seem to feel that they are witnesses to the events and they are responsible for those scenes. Though earlier games had also done it to some extent, VR gives the players more tools in their hands.

Everything that is unthinkable of in reality is possible in VR 

Virtual reality can make the players feel as if they belong to a scene rather than simply demonstrating things. The simulation enables the players to see things from a different angle. They can witness the experiences of other people, which was something unheard of even some years back.

Thus, the VR technology can create an interesting world of vivid imagination while shattering the scope of traditional education and learning.

How Chatbots Will Redefine UX Designs?

Chatbots and UX Design:

Delivering seamless customer experience is the top most KRA for many web and app developers. But are they really scoring well on this front? How can customers get 24 x 7 support in the face of personnel constraints? How can user engagement be lifted with timely, prompt, and accurate support, right when they need it?

Chatbots emerge as viable answers to address these critical questions.

How does a Chatbot Provide Value to Your Business?

  • Offers personalized services
  • Caters key consumer experiences, including Customer Service, Content Interaction, and Productivity
  • Offers simple, seamless, and engaging platform to consumers
  • Helps businesses to respond faster to consumers
  • Assist you to distribute content with higher information dissemination rate
  • Helps in delivering targeted content as per user’s feedback or past records
  • Works as a source for lead generation
  • In the future, the platform can be used to incorporate AI and machine learning for responding to customer inquiries

How Chatbots will redefine UX Designs

Here is how we feel Chatbots will re-define UX Designs

1. Defines the Problem Clearly

Chatbots are one of the most popular platforms that can help your define your marketing and branding strategies, before you actually invest anything into development. It helps you to identify a user problem that you have a solution for, and can help you analyze its capabilities for being a business opportunity.

2. Helps in Analyzing and Measuring Success

It is agreeable that many game-changing products have not delivered their expected results, just because the development team failed to identify the key performance indicators (KPIs). Since your bot has the capability to impact your business in a positive way, it can assist you to design certain metrics that can assist in showcasing success rates, when pre-defined goals are met.

3. Offers Better Understanding of Customers and their Preferences

The platform assists in segmenting information as per persona groups and develop user stories by deciding with whom the bot will interact, how it will behave, and what purpose it will serve. It not only helps you to understand your target users’ feelings, but also assist in customizing the application as per their requirements and preferences.

4. Helps in Deigning UX Conversational Flow

Unlike designing screens, the bot enables you to design a UX conversational flow that will answer queries as per bot’s intelligence. In the designing phase, developers will think of all the potential questions, answers, and logic paths that the bot will require communicating with humans in an efficient manner.

5. Ensures a Personalized Experience

Lastly, the most important factor is the bot’s personality, and it should link directly to your brand. Start with naming your bot, and work on its presentation styles, appearance, and other vital factors to deliver a personalized experience to your wide and trusted customer base.

Conclusion

Providing a fascinating experience to customers by the way of timely support helps in keeping them engaged with your brand. It can also assist in capturing important details to let your business improve and expand.

Undoubtedly, users would wish to access something that can answer their queries at the earliest and can assist them in better decision-making. If your bot can do that, then it can bring tremendous success to your current business activities and can enhance the chances of overall growth.

Should the Fitness Industry take the Gaming Route of Pokemon Go

Gamification in the Healthcare Industry

If you are in the fitness industry you would surely need a helping hand with maintaining a high level of motivation and engagement. Have you thought about using technology for this? Have you considered using gamification to keep the participants engaged for success? If not then this blog will tell you how to achieve this.

We make a case to accomplish this KRA through ‘Pokemon Go,’ an AR game which revolutionizes fitness in a unique manner. If you are wondering how ‘Pokemon Go’ proves to be the next big thing in the fitness industry, here’s what you need to know!

Introducing Pokemon Go

While fitness freaks already know about this revolution, some of them might be unaware of the concept. Let’s introduce Pokemon Go for those who haven’t been exposed to this addictive game. As a collaborative venture of the Pokemon Group and Nintendo & Niantic Inc, Pokemon GO happens to be a captivating Smartphone app.

Pokemon GO is an application built in the gaming format. By leveraging some of the essential Smartphone features such as camera and GPS, Pokemon GO merges the fictional world of Pokemon Gyms and Pikachus.

Players can play in the real world with these virtual creatures known as Pokemon. The player should have physical proximity to these creatures, as that is what makes it visible on mobile screens. By overlaying the Pokemon’s image on a video, this particular game involves players in the real world and in real-time.

AugmentedReality-PokemonGo

With such a unique and innovative approach, Pokemon GO is surely riding quite high in popularity. The app has garnered great attention and ranks at the top of Google Play Charts and iTunes. The manufacturers had to stop its roll out in the European market, simply because Pokemon GO servers are overloaded to a great extent.

These reports clearly indicate towards the unsurpassed popularity of this gaming application. On that note, it’s high time to find out what it does for the fitness industry.

What’s in there for fitness freaks?

Some of the remarkable spots in Pokemon Go known as ‘gyms’ are places where players engage in competitions. These places correspond to physical locations such as monuments, gardens, and fountains which require the player to come out in the open and play.

Most importantly, this particular game makes players walk around a lot. The physical movements of the player help them advance in the game. As a result, Pokemon GO has successfully pulled out players out of their couch!

Fitness benefits 

With the help of this spectacular gaming app, fitness walks have become easier than ever! You no longer need to drive, cycle, or run to stay in shape. Pokemon GO has an innovative speedometer which measures your moves and stops counting distance when the speed is above 5 to 10 mph.

Quite unlike its contemporaries, the app also warns you and keeps you aware of your surroundings. Players will come across a PokeStop if they are too close to platform edges.

Parting thoughts

With such distinctive and unique features, Pokemon GO is undoubtedly emerging as the latest revolution in the fitness industry.

How Machine Learning Can Help Target the Right Users for Your Business?

The ever-changing market trends make it difficult to organize marketing campaigns for a fairly straightforward business; however, some latest techniques can bring the desired results oriented towards user engagement and better revenue generation. Nowadays, marketing departments are engaged in discovering newer ways to make their advertising and branding campaigns more successful.

Since it is an era, where computers can do almost everything that seems magical, it is imperative to understand the market before going ahead and planning out marketing strategies to impress the target customers. In this article, you’ll read about how machine learning can improve digital ad campaigns and can assist you to reach your target audience without making many efforts.

How Machine Learning can help target the right users for your Business

Understand the Need of the Business

If you’re planning a marketing strategy for the digital world, then your prime goal should always stick to finalizing your target group and determining their actual needs and requirements. Undoubtedly, earning profits and expansion are the two prime missions of every business, but maintaining a close relationship with customers is also important.

What is Machine Learning and How Can It Help?

Machine learning is a wide concept with plenty of methods and applications, but it can be explained as a typical way to find solutions for problems by finding and studying recent patterns. The technique helps humans to understand the loopholes in the current process, analyze the capabilities of a module, and then creating new rules to do things better. The case of Target hiring machine learning experts for identifying buying habits of individuals, helped the company in sending out amazing offers to their potential customers based on their buying behaviors.

How Machine Learning Can Assist in Reaching Your Target Group?

If you’re planning to use machine learning capabilities to see tremendous results for your marketing campaigns, then it is important to use this artificial intelligence engine for studying patterns and determining customer behaviors. Since the web processes millions of search queries daily, the new technique can help in drawing conclusions out of millions of data points in a fraction of seconds.

Machine learning can help you study searcher’s intent, and then you can apply rules to help them reach you by just linking their needs to your offerings. A lot of computer experts simply quote that the concept makes use of computer’s fast calculations and help users to reach specific product/service by just making predictions or linking recent patterns.

All in all, it is nothing but a practical application of artificial intelligence, resulting in creating a larger scope for businesses to reach out to their prospective customers.

Conclusion

The practical application of machine learning not only helps a business to establish a close relation with customers, but can also result in increasing sales volume by recommending items based on previous purchases or buying history. Machine learning can assist in laying down a personalized shopping roadmap for every buyer, thus, helps popular brands in delivering a streamlined and hassle-free online shopping experience.

How AR and VR Can Help Marketing Campaigns on Social Media?

AR and VR – an emerging Marketing Tool for Brands

Virtual reality and augmented reality are the two most discussed technologies that are impressing users across the globe.The latest advents of the technological world are focusing on discovering newer ways to market brand objectives and their associated campaigns on a broad front.

While technical experts are busy in finding impactful ways to use VR for marketing, app developers and social media marketers are incorporating unique value propositions in their current branding campaigns. If you wish to know more about how the two technologies can impact the current marketing trends and social media branding activities, then read on.

Being Digital is the New Focus for Everyone

Since users are making a switch from traditional newspapers and media to the internet, it becomes highly imperative for marketers to understand the need of transforming their branding activities as per the changing trends. Being digital and accessible from anywhere and anytime is the prime focus for marketers in 2017 and this is where AR and VR can provide a practical solution.

How AR and VR Can Help Marketing Campaigns on Social Media

Social Media Has Now Become the Mainstream Marketing Channel

In a recent research conducted by Pew Research Center, nearly eight-in-ten online Americans (79% approx) are now using Facebook. It automatically shows the global presence of users on social media networks, and marketers are making numerous efforts to improve their advertising, content, and promotional activities to target these audiences in fresh ways.

How AR and VR Will Revolutionize Global Marketing Trends?

One of the biggest advantages of these technologies is that it allows marketers to offer content and create rich, immersive and engaging experiences for consumers.  Since users are being addressed by traditional print and TV ads from past years, they wish to access something that not only excites them, but also helps them to connect emotionally.

Most of the top firms are adopting digital marketing initiatives to bring specific revenue outcomes. They are making a shift from their traditional branding approach to modern marketing techniques like AR and VR to engage better with users.

With AR and VR, a totally new (and highly effective) medium, it emerges to create an indelible impression on the user. Some of the ways in which AR and VR can help marketing campaigns on social media are how it –

  • Can be used to demonstrate product features, functionalities, and USPs
  • Helps organizations to communicate the brand’s mission with great ease
  • Delivers branded entertainment experience and adds excitement to create hype about a particular brand or product/service
  • Keeps consumers informed about varied products available in the same domain to provide utmost satisfaction
  • Adds an immersive dimension to traditional print, web and video story-telling advertisements that makes for a memorable social media experience.

Will brands embrace this new technology?

Making a switch from traditional media channels to new age platforms like AR and VR has redrawn marketing budgets and strategies. This has, in turn, resulted in empowering the digital world with newer ads, content, and promotional stuff that can impress users at large and aid in creating favorable brand recall value.

We are hopeful that brands would embrace this new technology in 2017, but the level of success is something that we would need to closely watch as the year progresses.

Drone Technology – The New Frontier in Business?

Amazon – The e-commerce behemoth recently started Amazon Prime Air – a drone-based goods delivery mechanism to deliver packages to customers in 30 minutes or less. This step marked the first step of putting drones in front of the eyes of the general public. While substantial R&D action was happening behind the scenes for many years now, drone are a business enabler has recently gone mainstream.

A quick intro to drone technology

Drones are unmanned aerial vehicles that have the capability to deliver lightweight packages from source to destination. With amazon stating that 86% of its deliveries weigh less than 5 pounds, it becomes a good target candidate for testing drone delivery system.

Drone-Technology-influence-business

Its current status

Drone technology has seen limited adoption in the commercial market meant for the masses. FAA approvals, regulatory framework, and government sanctions are one end of the barriers present. The other end is the advanced technology and cost of development that makes the technology out of reach for smaller or inexperienced players in the market.

However, we have seen an increasing number of enthusiastic entrepreneurs and researchers work towards a more sensible civilian drone technology. Such technology will not only provide a low barrier to entry but also have a wider reach than just e-commerce delivery. One such existing example is SkyCall from MIT’s Senseable Labs that can build a quadcopter in a couple of hundred dollars. There are multiple other developments happening around drone technology from Australia to Switzerland. Some of these include

  1. Flirtey – An Australian based company that delivers books via drones to students instead of taking days for the delivery.
  2. SenseFly – This Swiss company is out with commercial UAVs that take high altitude photos and work well in terrains unsuitable for man.
  3. 3D Robotics – The company provides tools, knowledge, and resources to accomplish personalized drones as a DIY project

How is the business world impacted?

There is a sustained level of interest on the on-going action happening around drone technology. FAA and DOT have come up with rules to fly UAVs in commercial airspace. But there seems to be a lot of ambiguity around the technology even today. The widespread open source drone development community too, is fueling the fire to come up with innovative and practical drone-based business applications for the common public. Analysts say that precision agriculture and public safety will comprise of 90% of the market sectors where commercial and civilian drones will make its impact felt.

Its future

It is estimated that a whopping $89 billion will be spent around Unmanned Aerial Vehicles (UAVs or drones). Though commercial applications will form only 10% of the total, it is still a major boost to a fairly nascent technology.

While the commercial drone delivery system is nowhere close to its military counterparts in size or volume of adoption, it is certainly poised to grow in the right direction in 2017 and beyond. What are your thoughts about this exciting new system to deliver packages safely to consumers? Do write to us and let us know.

Ready to start building your next technology project?