According to a great report by PWC, the total addressable value of drone powered solutions in applicable industries is estimated at over $127 billion. That figure represents the value of businesses and labor in eight industries that may be replaced by drones. In other words, while toy drones, and drone racing leagues are great fun, many industries are going to be significantly disrupted by the pending drone revolution.
In “infrastructure”, in industries like energy, roads, railways and oil & gas, companies operate extensive networks of complex assets, distributed over vast areas. Key drone applications in infrastructure like investment monitoring, maintenance and asset inventory are estimated to represent $45 billion of the total $127 billion addressable drone market.
The opportunity in transportation, an industry that is obviously going to be disrupted by drones, is estimated by PWC at $13 billion. Amazon first teased drone deliveries on 60 Minutes in this December 2013 video. Three years later, Jeff Bezos tweeted the “First-ever #AmazonPrimeAir customer delivery is in the books. 13 min — click to delivery” linking to this video.
Bottom line, drones are here today and they’re going to be hugely impactful in almost every industry. Successfully leveraging drone technology will be a significant competitive advantage for companies across industries. But what’s the reality of drones today? Safety and security remain major issues, with the FAA citing 1,274 drone safety issues reported between February and September of 2016 by pilots, air traffic control, law enforcement and members of the public. What are the technical and regulatory issues that need to be addressed to ensure the safety of the general public and to help service providers protect themselves from liabilities and damages. Is Poland really leading the way in creating a regulatory framework, or is it South Africa or Singapore? What about privacy? Will the pending implementation of AI in drones lead to Skynet? What companies are best positioned to profit from this disruption, and which are most at risk? All these questions and more will be addressed by our panel of drone experts, all hailing (originally) from Israel.
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Gilad Sahar, Convexum
Gilad Sahar is the co-founder and CEO of Convexum, a safe and fully automatic counter-drone perimeter protection solution. Gilad has 15 years of experience with cyber and counter-cyber solutions starting in his military service in Israel’s 8200. Gilad has been part of the founding team of Cellebrite’s mobile forensic division and lead one of the company’s research groups to develop award winning solutions for police and security forces. Gilad holds a bachelor’s degree in Mathematics from Bar-Ilan University.
Ariel Avitan, Percepto
Ariel is a Co-Founder and leads the commercial efforts at Percepto which develops drone-based on-site systems that conduct security, safety and inspection missions 24/7 with zero human intervention. Prior to joining Percepto, Ariel was part of the founding team of Signals Analytics, a Sequoia-backed big data company that transforms unstructured data into actionable insights. At Signals, he led the Marketing and Strategic Accounts departments. His role was to build and manage the commercial department and help engage large enterprises including GE, J&J, P&G, Bayer, and Exxon Mobile. Ariel also led the Information Security practice in Europe for Frost & Sullivan where he managed a team of analysts who researched various submarkets within the Information Security space. Ariel holds a B.Sc. in Computer Science from Ben-Gurion University.
Yonatan Zur, Regulus
Yonatan is the Co-Founder and CEO of Regulus, which is developing an end-to-end security solution and a new standard for securing autonomous systems, drones and robots from attacks on their systems and from other interferences to the mission. With his background as a military pilot, Yonatan brings his experience using complex military systems and his design skills to his work in the fields of digital and mechanical interfaces, operational requirements, HMI and UX/UI on unmanned and manned projects with leading firms like IAI and Elbit. Prior to Regulus, Yonatan co-founded SCREEMO, and holds a B.A in Industrial Design from Bezalel and an M.A in Philosophy from Tel Aviv University.
Barak Rabinowitz, F2 Capital
Barak is Managing Partner of F2 Capital, an Israeli seed-stage fund focused on frontier technology. Until 2016, Barak was Venture Partner at Genesis Partners where he focused on early stage investment opportunities and The Junction seed program. Previously, Barak successfully built and sold multiple international companies from inception to exit. Prior to this, Barak served in the Corporate Development Group at Yahoo! and in the Technology Mergers & Acquisitions Group at Morgan Stanley, where he supported the launch of the firm’s investment banking practice in Israel. Barak served in an infantry paratroop brigade of the IDF. He holds an MBA from Harvard Business School and a BS from Georgetown University.