Friday, October 4, 2019

Drone technology


Drones are widely seen as recreational gadgets that are sent into the sky to take impressive aerial photos and high-definition movies. Although they are widely used for entertainment purposes, our study shows that there are also a number of business applications for drones in various industries, resulting in a significant potential market whose growth can be expected exponentially. As an advisor, this is a particularly attractive aspect of emerging technologies: how can they be used to increase the efficiency of our clients' operations? Finding the answer to this question is the reason why PwC willingly participated in this study and is pleased to share the results. Drone photo and video capabilities are widely used in the media, entertainment and in the public and private security sector; however, applications are much broader when drones equipped with sensors are combined with data and analysis, and machine learning to use a huge amount of drone information. 

This combination opens the use of drones for industries such as power generation, utilities, logistics and agriculture, enabling data capture and analysis in a way that was previously difficult or impossible. Drone technology has far surpassed human intervention for faster, easier and cheaper data collection.

At an estimated market value of EUR 409 million, the potential of drones in Belgium is undeniable. There is a sharp increase in the Belgian drone ecosystem, and players define their role in the value chain and look for ways to meet users' needs. Some focus on hardware and software, while others offer "drones as a service." They all act as catalysts for the implementation of drones in our economic landscape. They enable bridging the gap between business and drone technology, playing an important role in accelerating the use of drones in commercial applications. Although the basic principles


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