Airbus, one of the world’s largest aircraft manufacturers, has signed a memorandum of understanding with Singapore Post to deliver mail via drone in the country early next year, according to GeekWire.
The trial program is the latest indication that drone delivery is well on its well to becoming a reality around the world.
The Singapore announcement points to the idea that the US is behind other countries when it comes to drone delivery. JD.com recently expanded its drone delivery program into a mountainous region of China, and California-based Matternet was recently granted permission to fly drones in Switzerland at any time of day.
But in the US, a regulation requires that the majority of drone deliveries receive special permission from the Federal Aviation Administration (FAA) That’s a problem, because drone delivery is badly needed in the US to lower the cost and time of last-mile deliveries in the market. US-based companies that could benefit from drone delivery, like Amazon, Walmart, or Target, could use Singapore’s offering as a model for their own service if regulations change down the line.
The Internet of Things (IoT) is disrupting businesses, governments, and consumers and transforming how they interact with the world. Companies are going to spend almost $5 trillion on the IoT in the next five years — and the proliferation of connected devices and massive increase in data has started an analytical revolution.
To gain insight into this emerging trend, BI Intelligence conducted an exclusive Global IoT Executive Survey on the impact of the IoT on companies around the world. The study included over 500 respondents from a wide array of industries, including manufacturing, technology, and finance, with significant numbers of C-suite and director-level respondents.
Peter Newman, research analyst for BI Intelligence, Business Insider’s premium research service, has conducted an exclusive study with in-depth research into the field and created a detailed report on the IoT that describes the components that make up IoT ecosystem. We size the IoT market in terms of device installations and investment through 2021. And we examine the importance of IoT providers, the challenges they face, and what they do with the data they collect. Finally, we take a look at the opportunities, challenges, and barriers related to mass adoption of IoT devices among consumers, governments, and enterprises.
Here are some key takeaways from the report:
- We project that there will be a total of 22.5 billion IoT devices in 2021, up from 6.6 billion in 2016.
- We forecast there will be $4.8 trillion in aggregate IoT investment between 2016 and 2021.
- It highlights the opinions and experiences of IoT decision-makers on topics that include: drivers for adoption; major challenges and pain points; stages of…