Drones, AR and robots oh my!
We don’t need to tell you how vital technology has become for entrepreneurs, startups and the well-being of our global economy. What you may need to know is which technologies are going to last and be worth investing in. That way, you and your team of brilliant minds can develop a technology strategy based on the needs and vision of your organization. Below, we’ve listed the top 3 most promising technologies for entrepreneurs that are predicted to have a lot of influence and be worth a lot of money.
You knew the day would come that manpower would seem obsolete in the face of programmable machines. It started with the product lines in manufacturing plants, but now robotic innovation has found positions as receptionists, surgical subordinates, and autonomous vehicles. A cool example is Transcend Robotics that offer cutting-edge devices that climb stairs and strategically maneuver through the landscape. Also, as previously reported by RPRNmag, Ziro and Miro created their one of a kind ‘smart glove’ using gesture-based robotic technology for remote-free control. This new wave of ‘non-industrial’ robots is taking the world by storm accounting for nearly 60% of total robotic revenue. This trend represents a shift where for the first time in history, consumer robots, military robots and enterprise robots surpass the prevalence of industrial roles. However, China’s agenda for automating factory labor will help industrial robotics grow at a compound annual growth rate (CAGR) of 9.6% over the next several years. The robot market produced over $34 billion this year alone and expected to reach $226 billion by 2021.
These little UFOs otherwise known as Unmanned Aerial Vehicles (UAV) are cutting through the skies and staking their claim in the future of entrepreneurship. At first, military personnel was the only ones privy to drones, but now everyone is finding innovative ways to use them. Amazon continues to push their Amazon Prime Air initiative with hopes of expediting deliveries via drone. Mercedes-Benz recently teamed up with Matternet to improve the accuracy of delivery logistics as well. Yamaha has been a big proponent of utilizing the technology for agricultural maintenance spraying crops and keeping them healthy. The list goes on and on. According to PricewaterhouseCoopers LLP, the drone market is going to be worth $127 billion by 2020 which isn’t too far away and will probably fly by.
Despite this technology blowing up from the craze of Pokemon Go, Augmented Reality (AR) has a number of uses that can be used outside of gaming. For instance, Sacramento-based startup PAIR lets people see how their interior design visions would look before they purchase the furniture. Another example is AMA Xpert Eye who recently created smart glasses that can assist public transportation personnel.Furthermore, AMA glasses transmit images back to the main office and will connect staff working in the field with technicians at the maintenance headquarters allowing for greater collaboration between colleagues on and offsite. The aim of this technology is to reduce errors and boost efficiency. It does this by merging the real world with technology and assists technicians in real time. AR is expected to hit $120 billion by 2020.
Which technology will be most useful for your startup?
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