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How drones will change the world in the next 5 years

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This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

The fast-growing global drone industry has not sat back waiting for government policy to be hammered out before pouring investment and effort into opening up this all-new hardware and computing market. 

A growing ecosystem of drone software and hardware vendors is already catering to a long list of clients in agriculture, land management, energy, and construction. Many of the vendors are smallish private companies and startups — although large defense-focused companies and industrial conglomerates are beginning to invest in drone technology, too. 

In a report from BI Intelligence, we take a deep dive into the various levels of the growing global industry for commercial drones, or unmanned aerial vehicles (UAVs). This report provides forecasts for the business opportunity in commercial drone technology, looks at advances and persistent barriers, highlights the top business-to-business markets in terms of applications and end users, and provides an exclusive list of dozens of notable companies already active in the space. Finally, it digs into the current state of US regulation of commercial drones, recently upended by the issuing of the Federal Aviation Administration’s draft rules for commercial drone flights. Few people know that many companies are already authorized to fly small drones commercially under a US government “exemption” program. 

Here are some of the key takeaways from the report:

  • We project revenues form drones sales to top $12 billion in 2021, up form just over $8 billion last year.
  • Shipments of consumer drones will more than quadruple over the next five years, fueled by increasing price competition and new technologies that make flying drones easier for beginners.
  • Growth in the enterprise sector will outpace the consumer sector in both shipments and revenues as regulations open up new use cases in the US and EU, the two biggest potential markets for enterprise drones.
  • Technologies like geo-fencing and collision avoidance will make flying drones safer and make regulators feel more comfortable with larger numbers of drones taking to the skies.
  • Right now FAA regulations have limited commercial drones to a select few industries and applications like aerial surveying in the agriculture, mining, and oil and gas sectors.
  • The military sector will continue to lead all other sectors in drone spending during our forecast period thanks to the high cost of military drones and the growing number of countries seeking to acquire them.

In full, the report:

  • Compares drone adoption across the consumer, enterprise, and government sectors.
  • Breaks down drone regulations across several key markets and explains how they’ve impacted adoption.
  • Discusses popular use cases for drones in the enterprise sector, as well as nascent use case that are on the rise.
  • Analyzes how different drone manufacturers are trying to differentiate their offerings with better hardware and software components.
  • Explains how drone manufacturers are quickly enabling autonomous flight in their products that will be a major boon for drone adoption.

Simply put, The Drones Report is the only place you can get the full story on the rapidly-evolving world of drones.

To get your copy of this invaluable guide, choose one of these options:

  1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
  2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fascinating world of drones.

Business

5 Practical Advice for Women Entrepreneurs in Asia To Achieve Startup Success

5 Practical Advice for Women Entrepreneurs The number of women entrepreneurs and businesses owned by them continue to increase by each year that passes; however, it is also a fact that women-owned businesses generally have higher rates of failure, earn less, and employ lesser people. It is impossible to pinpoint one main reason behind this, […]

The post 5 Practical Advice for Women Entrepreneurs in Asia To Achieve Startup Success appeared first on The New Savvy.

Business

How to check if someone’s secretly using your Netflix account

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Your Netflix is a personal space. What you watch, when you watch it, and how often you watch it can reveal a lot about you. The last thing you want is someone poking around your account, checking your viewing habits, and drafting off your hard-earned $10.99-a-month for free access. 

And yet people steal Netflix all the time. Whether it’s a jilted lover, an old college roommate, or an estranged family member — there are all too many people out there who may be able to use your account and see what you’ve been streaming. Sure, the easiest solution is to change your password, but that won’t tell you if someone’s been creeping.  Read more…

More about Netflix, Privacy, Streaming, Streaming Services, and Passwords

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Win some of Apple’s top products in this giveaway — a $3,050 value

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Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission.

Apple products are always at the top of our wishlist: They’re fast, they’re intuitive, and they seamlessly integrate into our lives. But they’re also expensive. Like, really expensive. That iPhone X that everyone’s coveting is $999 – and that’s just for the base model. If you want to live that high tech life, be prepared to sell your kidney because that’s what it takes to afford everything. Or, you can get everything for free with The Tim Ferriss Tribe of Mentors Dream Setup Giveaway.

More about Apple, Iphone, Mac, Apple Watch, and Macbook Pro

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#Breaktheinternet protest offers one last gasp for net neutrality

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The internet is offering one last gasp in its fight for net neutrality. 

Various websites are putting up warnings or even limiting usability on Tuesday to make sure their users know that the Federal Communications Commission is voting on Thursday to essentially hand control of the internet over to massive corporations.

The protest, organized by nonprofit organization Fight for the Future, echoes similar actions of years past in which websites have gotten together to put the issue of net neutrality (and other internet-related topics) right in the faces of their users. 

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Facebook responds to criticism that the network is ‘destroying how society works’

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In an unexpected move, Facebook PR just pushed back against criticism after a former executive’s critical words of the company affecting our behavior and society spread this week.

“The short-term, dopamine-driven feedback loops we’ve created are destroying how society works,” said Chamath Palihapitiya, who joined Facebook in 2007 and served as its vice president for user growth. 

The comments were made on Nov. 13 but a video of him speaking at Stanford Graduate School of Business circulated after The Verge shared it on Monday, nearly a month after the event.  Read more…

More about Tech, Facebook, Social Media, Psychology, and Sean Parker

Business

Hey, look: A fingerprint scanner under a smartphone screen

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Could the future of smartphone biometrics look a lot like a shinier version of the past? The answer is most definitely yes — that is, if Synaptics Incorporated has anything to say about it. 

The San Jose-based hardware manufacturer announced plans on Monday to mass produce an optical in-display fingerprint sensor, and, according to the company, it has a very big partner involved. 

The “Clear ID” scanner, which would reside under a phone’s screen, would theoretically allow for easy-to-use biometrics on bezel-less phones. While Synaptics is not the first company to develop such technology, that it claims to have a deal with an unnamed “top five [original equipment manufacturer]” suggests it’s ready for the big leagues.  Read more…

More about Apple, Touch, Biometrics, Fingerprints, and Face

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Apple now lets you pre-order apps

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Apple launched a new feature that lets you pre-order from the App Store.

Announced on Monday, the change allows developers to make new iOS 11 apps available for pre-order up to 90 days before release.

Compared to the App Store’s overhaul that Apple revealed in September, it’s not a huge change, and while most folks probably won’t be too excited to pre-order messaging, fitness or photo apps, this could be big news for game developers. 

Apple’s iOS 11 App Store update featured a new tab just for games (in fact, it’s now the only category with its own tab), so it’s safe to say they’re a priority for the platform. Games like Nintendo’s Animal Crossing: Pocket Camp, with its immense hype and staggered release date, would have been a perfect contender for pre-orders. Up ahead, the highly anticipated 2018 release of Harry Potter: Wizards Unite — a new augmented reality mobile game created by Warner Bros. and Niantic (the creators of the hit mobile game Pokémon Go) — could prove a prime candidate for the pre-order tool.  Read more…

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Business

THE DIGITAL DISRUPTION IN HOME LOANS REPORT: How fintechs are upending the mortgage space and creating opportunities for retail banks

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This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here.

Mortgages are valuable for retail banks, but they’re also complex products. In the UK alone, mortgages account for almost 60% of retail banks’ profits. But mortgage lending can be a complicated process — it involves estate agents, appraisers, and conveyance agents.

This complexity has resulted in major consumer pain points, like a lack of understanding of mortgages, inconvenient access channels, and difficulty switching providers. In an increasingly digital landscape, tech-savvy consumers are starting to demand simpler ways to take out mortgages, and legacy providers are suffering. In the US, the top three incumbent lenders together captured about 45% of the overall mortgage market in 2011; they hold just 24% in 2017.

But a new class of mortgage-focused startups have developed a range of business models to help incumbents update this valuable product for the digital age. Their strategies vary between geographies: In countries like the US and UK, where homeownership is culturally important, they help incumbents keep consumers interested in taking out home loans.

Meanwhile, in countries like Germany and Switzerland, where people prefer renting, they help incumbents attract new mortgage customers. Some incumbents are already partnering with these players, while others have opted to launch in-house initiatives. Each strategy has its pros and cons, but incumbents must adopt an approach to avoid losing relevancy and market share.

There are still some fundamental problems in the insurance market that present obstacles to innovation — for both startups and incumbents. But there are ways to overcome them while making mortgages more attractive for consumers and improving returns for lenders.

In a new report, BI Intelligence looks at the fundamental problems dogging the current mortgage process and examines why these flaws are becoming impossible for incumbent mortgage providers to ignore. It also outlines the types of fintechs stepping in to drive innovation in the mortgage space, some current efforts by incumbent banks, and hurdles still standing in the way of large-scale change in the mortgage industry, as well as what can be done about them.

Here are some of the key takeaways from the report: 

  • Mortgages are among retail banks’ most profitable products, but these lenders have been slow to adapt mortgages to a digital economy. This has created pain points in the customer journey, like inconvenient access channels, and difficulty switching providers.
  • Ignoring these pain points is no longer an option for incumbents. The rise of alternative, digital-only mortgage firms is putting them under increasing pressure to make mortgages more attractive.
  • Fintech startups have detected an opportunity in incumbents’ slowness to innovate, and have developed several strategies to help them, like broadening their distribution channels, improving customer relationships, providing attractive front-ends, and making their back-ends more efficient.
  • Some incumbents have instead chosen to innovate their mortgage processes in-house. There are pros and cons to both strategies, which incumbents should weigh in order to add the most value for customers and their own businesses. 

In full, the report:

  • Examines the flaws in the mortgage status quo that are upsetting consumers and dampening returns for lenders.
  • Discusses why incumbent lenders can’t afford to delay innovating any longer around this product.
  • Outlines different ways mortgage fintechs are breathing new life into this product, including by helping incumbents.
  • Looks at some mortgage efforts already underway by incumbent lenders, and some considerations that should guide their projects.
  • Gives an overview of hurdles still standing in the way of large-scale change in the mortgage space, and how they can be overcome.

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American Express finally ditches the need for signatures with its credit card

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Like MasterCard and Discover before it, American Express is eliminating signatures for all credit card purchases.

The company announced Monday that merchants won’t need customers to sign for anything starting in April 2018. This affects all shoppers everywhere around the world where American Express is accepted. 

The payment process has outgrown signatures as a security measure — American Express credited contactless pay options, chip technology, and way more online shopping as big reasons to ditch the signatures. Plus, American Express and other card companies have many other methods to detect fraud. Read more…

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Former Facebook exec says network is ‘destroying how society works’

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“You don’t get to 500 million friends without making a few enemies.” 

That was the tagline for The Social Network, the film about creating Facebook, and it’s only become more relevant as the social network has grown to more than 2 billion people. Those “few enemies” are former Facebook executives, people who helped build the tech giant. 

“The short-term, dopamine-driven feedback loops we’ve created are destroying how society works,” said Chamath Palihapitiya, who joined Facebook in 2007 and served as its vice president for user growth. He was referring to the iconic “like” button and other reactions we have while browsing News Feed.  Read more…

More about Facebook, Social Media, Psychology, Sean Parker, and Apps And Software