Drones are giving us visual access in places that it’s currently difficult or dangerous for people to go, allowing previously unattainable perspectives. Ross Pamphilon, Portfolio Manager, talks about some of the more novel ways that drones are making the world a better, safer place.
Humanitarian crises are happening around the globe. In many cases, it can be challenging to get needed medicines and supplies to people in need due to distances, difficult terrain, and dangerous conditions. Utilizing GPS positioning, drones are capable of delivering essential payloads autonomously and inexpensively, without putting people in harm’s way.
During natural disasters or other large-scale emergencies, there are often locations that are difficult for rescue workers to reach quickly. Drones provide first responders essential access into these challenging locations to help locate survivors. Drones can also provide a web of inexpensive aerial views that can blanket a city and keep emergency personal in touch with live conditions on the ground across a wide area.
It’s difficult, treacherous work looking for safety problems in large-scale structures. Drones make this work safer and more effective. Not only can drones easily access remote areas on towers, buildings, and bridges that humans can’t access safely, they can be outfitted with high-resolution cameras and other detection equipment that make finding structural damage a simple operation.
In the past, if a farmer needed an aerial view of their fields, they would have to rent an airplane or a helicopter; an expensive prospect for an already difficult business. This significantly limited the frequency with which they could gather aerial crop data. Drones allow them a bird’s eye view as often as they like, for pennies a flight.
Farmers can outfit their drones with special cameras that help them predict overall crop yields months before harvest. They can also analyze video footage to help spot diseases, irrigation problems, and other issues before they become a serious problem.
Poaching is a major problem for endangered species, and often the countries with the largest populations of protected animals are the least equipped financially to run effective conservation programs. Drones provide inexpensive eyes in remote animal habitats to help spot poaching activities before precious animals are harmed.
In 2018 the FAA reported that over a million people had registered unmanned aerial vehicles with the agency, and they estimate this number will double in 2019. Drones are becoming a ubiquitous component of modern life, and it will be interesting to see how our lives change as the technology develops.
Author Bio: Ross Pamphilon has more than twenty years of experience in trading, portfolio and risk management. Ross Pamphilon has experience in a wide range of fixed income areas including managing and investing in sub-investment grade securities.
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