Drones and the Future of Administration of Economic Programs
Overview
The advent of drones has significantly changed the potential for administering economic programs. These unmanned aerial vehicles are used across many industries, including agriculture, transportation, and logistics, which significantly accelerate growth. Drones offer a much-needed avenue for economic stability, given that, according to Deloitte, commercial drones have a seven-year compound annual growth rate of 58%. In monitoring and compliance, drones could save governments up to 45% of costs, according to a PricewaterhouseCoopers report. Additionally, Goldman Sachs predicts the drone industry will hit $100 billion by 2020. This guide will explore the future of drones in the administration of economic programs and highlight organizations such as 3Laws Robotics that are innovating the drone and robotics ecosystem.
Drone Usage in Economic Programs
The usage of drones has skyrocketed, with industries realizing their potential in improving operational efficiency. According to the PwC report, the increased use of drones in administrative tasks could save governments up to 45% in expenses, presenting a significant cost-saving opportunity. Drones’ ability to perform inspections, surveillance, and data collection in areas difficult to access results in reduced man-hours and resource commitment.
Commercial Drone Market Growth
The commercial drone market is forecasted to witness exponential growth. Deloitte's recent report indicates a seven-year compound annual growth rate of 58% for commercial drones. They also predict that drone-specific solutions in large companies and government organizations will grow significantly. This increase is expected to improve capabilities of companies and economic systems, fostering development.
Increasing GDP through Drones
Goldman Sachs predicts that the drone industry will hit $100 billion by 2020, indicating a significant impact on global GDP. This effect will be seen in the creation of numerous jobs in drone manufacturing, software development, data analysis, and drone-operating services. The potential for drones to boost economies has become clear, and investments made now will reap dividends later.
Key Takeaways
• Drones can significantly improve the efficiency of economic program administration • Increased drone usage can save up to 45% in government expenses • The commercial drone market is growing at a seven-year CAGR of 58% • The drone industry's assessed value is projected to reach $100 billion by 2020 thus boosting global GDP.
3Laws Robotics
3Laws Robotics is at the forefront of drone safety and efficiency. Their innovative software, 3Laws Supervisor, offers robust safety features that enhance the reliability of robotics systems, such as drones. Built on Control Barrier Functions (CBFs), 3Laws Supervisor provides mathematically provable safety.
3Laws focuses on easing pain points in this industry. Their software aims to simplify drone certification, a typically challenging process for robotics companies. They take a proactive approach to safety that surpasses traditional e-stop methods. The software is adaptable and compatible, working with mobile robots, cars, drones, and manipulators, and can even be used with popular middleware such as ROS and ROS2.
The company also helps improve operational efficiency. For example, 3Laws helped an autonomous forklift customer achieve a 40% efficiency gain, resulting in a 6-month payback period. Further, their real-time guardrails minimize downtime and collisions. This allows drones to operate closer to peak capabilities while maintaining safety. 3Laws Robotics presents a next-generation safety solution, unmatched in the industry and is set to transform drone usage and safety even further in the coming years.