Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >“THE WORLD IS ON THE BRINK OF A TECHNOLOGICAL REVOLUTION”
    Technology

    “the World Is on the Brink of a Technological Revolution”

    Published by Gbaf News

    Posted on November 29, 2017

    7 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    This image illustrates the recent decline in Playtech shares following reports of a potential breakup if Aristocrat Leisure's buyout fails. The situation highlights key trading dynamics in the finance sector.
    Playtech shares decline as Aristocrat Leisure's buyout faces uncertainty - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    As evidenced by Philip Hammond in today’s Autumn budget, ‘the world is on the brink of a technological revolution’. Over the last few years the drone market has grown exponentially with a number of reporters labelling 2018 as the year of the drone. Drone use is already well established and growing across a vast array of applications, ranging from emergency services including search and rescue and tackling fires through to new innovations in agriculture, construction, humanitarian aid, wildlife preservation and personal security, generating predictions that drones will spawn a $100 billion industry by 2020.

    Research company Gartner recently reported that unit drone sales rose 60% in 2016 and will grow another 39% this year. Gartner expects the total sales of both consumer and professional drones to reach $11.2 billion, up from $6 billion in 2016, thus achieving a continued annual growth rate of at least 23%. In conjunction with this research, Philip Hammond, Chancellor of Exchequer today announced the government wants to see self-driving cards on UK roads by 2021 and will be making world-leading changes to the regulatory framework, such as setting out how autonomous vehicles can be tested without a human safety operator.

    Robert Garbett, Founder and CEO of Drone Major Group, the first company in the world to provide a unique and integrated suite of products and services to the global drone industry at what is an important time in the development of standards and growth of this exceptionally dynamic sector presents a futuristic approach on the impact of drones on society in the 22nd century.

    “As we move into the most exciting era of the modern age, it is easy to imagine skies filled with small flying drones delivering parcels, but the truth is far more likely and far more exciting and the key is the evolution of airspace management. Imagine a future where global airspace is no longer managed in a rigid ‘airspace corridor’ way purely for the benefit of commercial and military aircraft but in a continuously flexible and dynamic way for the benefit of all. An airspace populated with vertical columns used by aircraft making sub space jumps, shifting geo-routes allowing passenger drones to pass safely at any altitude and shifting geo-fences protecting manned routes and high value assets. The sky above us is an untapped sea of air which will have incredible value as the drone industry expands its operations into the future.  As data is the new oil, airspace will be the new gold.

    We are some way from taking full control of the airspace but this work is well under way at the European and international levels and so, by the end of the 21st Century/early 22nd Century, this will not only be a reality but be well established, opening the way for a more dynamic use of the airspace and seamless integration with ground operations. This, along with developments in ‘beyond visual line of sight’ (BVLOS) operations and robust identification and licencing models woven into the airspace framework, will allow us to effectively implement driverless flying taxis into our smart cities, increase accident response times through the use of driverless ambulances and make traveling to work a breeze by opening up roof-top drop offs in built up areas. Never mind parcel delivery, the revolution of our airspace to allow the explosion of unmanned transport systems is way more exciting.”

    Drone Major Group seeks to connect the key players within the global drone revolution, from private operators to manufacturers and everything in between. Central to the business is Drone Major, a portal which facilitates such industry connectivity. The portal responds to the requirements of this dynamic market and matching customer needs with a transparency and connectivity unavailable until now.

    As evidenced by Philip Hammond in today’s Autumn budget, ‘the world is on the brink of a technological revolution’. Over the last few years the drone market has grown exponentially with a number of reporters labelling 2018 as the year of the drone. Drone use is already well established and growing across a vast array of applications, ranging from emergency services including search and rescue and tackling fires through to new innovations in agriculture, construction, humanitarian aid, wildlife preservation and personal security, generating predictions that drones will spawn a $100 billion industry by 2020.

    Research company Gartner recently reported that unit drone sales rose 60% in 2016 and will grow another 39% this year. Gartner expects the total sales of both consumer and professional drones to reach $11.2 billion, up from $6 billion in 2016, thus achieving a continued annual growth rate of at least 23%. In conjunction with this research, Philip Hammond, Chancellor of Exchequer today announced the government wants to see self-driving cards on UK roads by 2021 and will be making world-leading changes to the regulatory framework, such as setting out how autonomous vehicles can be tested without a human safety operator.

    Robert Garbett, Founder and CEO of Drone Major Group, the first company in the world to provide a unique and integrated suite of products and services to the global drone industry at what is an important time in the development of standards and growth of this exceptionally dynamic sector presents a futuristic approach on the impact of drones on society in the 22nd century.

    “As we move into the most exciting era of the modern age, it is easy to imagine skies filled with small flying drones delivering parcels, but the truth is far more likely and far more exciting and the key is the evolution of airspace management. Imagine a future where global airspace is no longer managed in a rigid ‘airspace corridor’ way purely for the benefit of commercial and military aircraft but in a continuously flexible and dynamic way for the benefit of all. An airspace populated with vertical columns used by aircraft making sub space jumps, shifting geo-routes allowing passenger drones to pass safely at any altitude and shifting geo-fences protecting manned routes and high value assets. The sky above us is an untapped sea of air which will have incredible value as the drone industry expands its operations into the future.  As data is the new oil, airspace will be the new gold.

    We are some way from taking full control of the airspace but this work is well under way at the European and international levels and so, by the end of the 21st Century/early 22nd Century, this will not only be a reality but be well established, opening the way for a more dynamic use of the airspace and seamless integration with ground operations. This, along with developments in ‘beyond visual line of sight’ (BVLOS) operations and robust identification and licencing models woven into the airspace framework, will allow us to effectively implement driverless flying taxis into our smart cities, increase accident response times through the use of driverless ambulances and make traveling to work a breeze by opening up roof-top drop offs in built up areas. Never mind parcel delivery, the revolution of our airspace to allow the explosion of unmanned transport systems is way more exciting.”

    Drone Major Group seeks to connect the key players within the global drone revolution, from private operators to manufacturers and everything in between. Central to the business is Drone Major, a portal which facilitates such industry connectivity. The portal responds to the requirements of this dynamic market and matching customer needs with a transparency and connectivity unavailable until now.

    More from Technology

    Explore more articles in the Technology category

    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    View All Technology Posts
    Previous Technology PostHandd Business Solutions: Six Technology Predictions for 2018
    Next Technology PostAddressing the Financial Services Insider Threat With Privileged Access Management