Changing the Landscape of the Insurance Market

How UAVs benefit consumers through faster estimates, quicker response times and faster delivery of benefits Unmanned aerial vehicles (UAVs), more commonly known as drones, are growing at a rapid rate for both consumer and professional markets. Market research firm IHS Markit forecasts the professional drone market will manage a compound annual growth rate (CAGR) of 77.1% through 2020 driven by industries such as agriculture, energy and construction using the technology for surveying, mapping, planning and more. Meanwhile, the consumer drone market will maintain a CAGR of 22.1% through 2020 with companies such as DJI, Parrot and 3D Robotics driving the market with a wide range of devices for photography, recreational use and racing. While these markets will be the main drivers for the next few years, one industry that isn’t discussed often as a main driver is the insurance market. However, according to professional services company PwC, the addressable market Continue reading Changing the Landscape of the Insurance Market

CES 2018: The Rise of Drones

Learn about new drones, smart home gadgets, and mesh networks in this live broadcast from the CES show floor Photo: Ethan Miller/Getty Images On the final day of CES in Las Vegas, IEEE Spectrum senior editor Stephen Cass interviewed Joe Lillie [PDF], a telecom consultant with BIZPHYX, about the dangers of automation and Lillie’s dream of “using fewer devices to do more things.” Lillie also shared his observations from attending CES over the years, such as watching drones graduate from a novelty to a tool. “Five years ago, drones were sort of a standalone device. Almost a toy,” he said. “But there was anticipation there would be applications. Fast forward a couple of years and all of a sudden, we see drones synchronized—six, seven together, dancing to the music.” Lillie figures, in a few more years, drones will be widely used to deliver everyday items to people’s homes within a Continue reading CES 2018: The Rise of Drones

CES 2018: The Best—and the Craziest—Gadgets of the Show

Autonomous luggage, personal airbags, and a machine that folds clothes caught this reporter’s attention Photo: Stephen Cass Some people like to sneer at gadgets as the trivial amusements of a decadent society. But many technologies that later came to be considered essential parts of modern life began their life as unnecessary technical baubles. For example, in 1970, the first consumer VCR prototype was unveiled at CES, a technology previously only needed by television studios. The home VCR then started the home-viewing and -recording revolution, leading to a critical U.S. Supreme Court decision regarding copyright, and laying the groundwork for YouTube and Netflix. Even when a technology goes nowhere—3D TV glasses anyone?—looking at widgets, gizmos, and novelties can still provide a unique window into larger technological and cultural trends. So I defend the gadget as a worthy object of inquiry, and consequently have spent the last week at CES scouring the Continue reading CES 2018: The Best—and the Craziest—Gadgets of the Show