Lifestyle

These Businesses Are Going to Take Over the World Thanks to COVID-19

What Flies Like a Bird, but Has No Feathers? The time of drones for kids is long gone. The technology, as it is available now, has… Trista - October 12, 2022
Shutterstock

What Flies Like a Bird, but Has No Feathers?

The time of drones for kids is long gone. The technology, as it is available now, has far-reaching applications. One of the most impactful of those is the use of policing. In some countries, including Spain and China we have seen the use of drones for monitoring purposes during lockdown campaigns. These governments have relied on drone technology to push their guidelines. Hopefully, we will not be seeing more of that and instead be able to use the technology for things like emergencies. When these situations arise due to natural disasters or civil unrest it becomes necessary to maintain security while also ensuring that citizens can go about their daily lives without fear. Things like delivering public announcements or providing medical services to people cut off from those disasters are serious and thought-provoking applications of drone technology. 

While the origins of drone technology were in the military, these babies do their magic in commercial and civil government applications. For example, scenarios such as searching for survivors or putting out fires with great efficiency compared to humans, who may take hours, if not days, before they can complete the task when dangerous and life-threatening situations exist. The drone industry will grow exponentially in the next few years, with strong global investment and new business use cases. These factors have made it one of today’s most lucrative industries. However, many questions remain unanswered! Drone Industry Insights projects the global market for drone technologies will reach $43.1 billion by 2024, up from $14.1 billion in 2018.

Shutterstock

Now Serving the Senior Population.

The U.S., with its large population of aging seniors, has never seen anything like it before, especially since the pandemic. The baby boomers are passing through each stage in their lives, one after another! They’ve brought both challenges and opportunities to this country’s economy. No other generation will impact infrastructure or institutions as we know them today when these people reach old age, creating an industry that will continue to grow with all the services needed to service that population sector. The assisted living and nursing home industry will be one of the most interesting plays on an aging population for obvious reasons. As baby boomers continue to grow older, more people will have these types of services in their lifetimes than ever before. It means that there’s room at both ends. That is constantly filled rooms as well as expansion opportunities within properties. In return, ultimately generating higher profits!

Another sector set to grow due to the large aging population is the pharmaceutical industry. As people live longer and longer, they will inevitably need more and more medications to manage chronic conditions. In addition, the baby boomer generation is already starting to experience age-related health problems, such as arthritis and heart disease. This means that there will be an increasing demand for both over-the-counter and prescription drugs. For many seniors, this could create a real financial burden. However, the silver lining is that the aging population is also relatively wealth. So, they will be able to afford to pay for their medications. In other words, while there may be some challenges associated with an aging population, the pharmaceutical industry is set to benefit greatly.

Advertisement