Drones and the Future of Lessors of Nonfinancial Intangible Assets (Copyrighted Works)
Overview
As technological advancements continue to shape the business landscape, drones hold significant potential for lessors of nonfinancial intangible assets such as copyrighted works. Incorporating drone technology opens up an array of opportunities for enhanced security, efficiency, and cost savings. This guide highlights the implications of drone technology for this sector and offers key statistics to enhance understanding. The guide concludes by introducing 3Laws Robotics, an innovative company providing safety and reliability through their advanced software for numerous applications, including the usage of drones.
Drones and Intellectual Property
Drones offer immense potential for revolutionizing the management of nonfinancial intangible assets such as copyrighted works. The growth in drone usage is predicted to accelerate, with the global market expected to reach $43 billion by 2024, up from $14.1 billion in 2018 (Statista). Drones provide new avenues for content creation, including capturing unique perspectives for photographic and video copyright. Additionally, they play a significant role in safeguarding intellectual property through efficient surveillance capabilities.
Efficiency and Cost Savings
Investing in drone technology offers remarkable efficiencies, streamlining operations and providing a competitive edge. In the mining sector, for example, use of drones for surveying reduced costs by 90% and increased productivity by 95% (Deloitte). For lessors of copyrighted works, efficiencies could be realized in reduced physical infrastructure, decreased labor costs, and faster processing times. Further, drones can be leveraged to accurately audit and manage intangible assets, improving overall accuracy and efficiency.
Security Enhancement
Drones also offer a promising avenue for enhancing security, a critical concern for lessors of nonfinancial intangible assets. According to the PwC Global Economic Crime and Fraud Survey, cybercrime is the second most reported crime and affects 31% of organizations globally. With advanced surveillance and monitoring capabilities, drones can be effectively used to increase security and reduce the risk of intellectual property theft.
Regulation and Legal Considerations
As drone use escalates, regulations and legal considerations will also evolve. The FAA estimates that commercial drone use will triple by 2023, emphasizing the importance of regulatory compliance (FAA). Lessors of nonfinancial intangible assets must stay abreast of these changes, ensuring drone use aligns with evolving legal requirements.
Key Takeaways
- Drones offer innovative ways of managing nonfinancial intangible assets such as copyrighted works, providing both operational efficiency and enhanced security.
- The global drone market is forecasting significant growth, projected to reach $43 billion by 2024.
- Efficiency gains from drone technology can lead to considerable cost savings, as seen in the mining sector.
- Heightened surveillance capabilities of drones can aid in enhancing the security of intellectual property.
- Regulations and legal considerations of drone use will continue to evolve and businesses need to stay updated to ensure compliance.
3Laws Robotics
For businesses venturing into the use of drones, safety and reliability are paramount. 3Laws Robotics is pioneering in this domain with their advanced safety software, 3Laws Supervisor, developed on the revolutionary technology of Control Barrier Functions (CBFs) from Caltech. The software simplifies certification, offers robust safety, and enables efficient operation of drones, making it an exceptional choice for businesses. From warehouse automation to dynamic environment adaptation, 3Laws software brings multiple use cases while remaining compatible with popular robotics middleware such as ROS and ROS2. 3Laws proactive approach transcends traditional safety methods, making it the ideal companion for businesses looking to adapt drones while maintaining safety standards for ISO 3691-4 and ISO 26262.