Drone Mapping Data Changes Business Economics

Drone Mapping Data Changes Business Economics

Drone mapping data can dramatically impact the profitability of certain businesses. Should you include it in your business app? Consider these points.

Drones gather mapping data about all kinds of things in the real world.  Today we're using apps, data, and IoT devices, including drones rather than human surveyors on site or in a plane. Have you considered how your company might use drone mapping data in business apps to deliver new value to your customers? If not, perhaps you should.

Construction companies, excavation companies, mining companies and energy companies are just a few types of organizations using drone mapping data to do their jobs more effectively and achieve better bottom-line performance.

Drone mapping solution provider Identified Technologies works with such companies to reduce costs and win more business based on the analytics and conclusions drawn from drone mapping data collected at their work sites. The end product is reports about costs and cost forecasting, progress forecasting and accounting.

"When you have an area about the size of San Francisco Bay, you've got hundreds of piece of equipment and hundreds of people around," said Dick Zhang, founder and CEO of Identified Technologies. "[Historically,] you could only confirm [their status] after the fact."

In the past, the information might not be available for weeks or months, and the cost of collecting the data could cost hundreds of thousands of dollars per year for projects. To get paid, contractors need to show progress, such as the amount of dirt they moved and status of the roads they're building. Zhang said his customers are able to save 70% to 90% on their surveying endeavors.

Although using drones to gather mapping data isn't a new concept, the economics of owning, renting and using them have changed dramatically as drone technology continues to improve and prices continue to fall.

"You can get remarkable quality and reliability for a remarkable price [which] has accelerated growth in the market," said Zhang. "Data is a huge driver."

So, you want to use drone mapping data in your application. You can collect the data yourself or perhaps pull the data from another source via an API. If you're interested in the former, be advised that US commercial drone piloting is regulated by the Federal Aviation Administration (FAA).

Share it:
Share it:

[Social9_Share class=”s9-widget-wrapper”]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You Might Be Interested In

How Artificial Intelligence is Impacting Personal Finance

1 Oct, 2021

It seems nearly everyone has been talking about artificial intelligence for years now, and one of the industries where it’s …

Read more

How Big Data Can Help You Understand Your Customers and Grow Your Business

29 Jun, 2017

What’s the main purpose of a marketing campaign for any business? You’re trying to convince the customers you offer exactly …

Read more

Microsoft And Shell Announce New Partnership To Use Artificial Intelligence And Tech To Reduce Carbon Emissions

26 Sep, 2020

Tackling carbon emissions is one of the biggest challenges faced by the world today. For big business, this means making …

Read more

Recent Jobs

Senior Cloud Engineer (AWS, Snowflake)

Remote (United States (Nationwide))

9 May, 2024

Read More

IT Engineer

Washington D.C., DC, USA

1 May, 2024

Read More

Data Engineer

Washington D.C., DC, USA

1 May, 2024

Read More

Applications Developer

Washington D.C., DC, USA

1 May, 2024

Read More

Do You Want to Share Your Story?

Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.

Get the 3 STEPS

To Drive Analytics Adoption
And manage change

3-steps-to-drive-analytics-adoption

Get Access to Event Discounts

Switch your 7wData account from Subscriber to Event Discount Member by clicking the button below and get access to event discounts. Learn & Grow together with us in a more profitable way!

Get Access to Event Discounts

Create a 7wData account and get access to event discounts. Learn & Grow together with us in a more profitable way!

Don't miss Out!

Stay in touch and receive in depth articles, guides, news & commentary of all things data.