Commercial, Military

PrecisionHawk Launches Algorithm Marketplace for the Drone Industry

By Veronica Magan | June 2, 2015


Example Algorithm, Field Uniformity Tool for Agriculture
Example Algorithm, Field Uniformity Tool for Agriculture. Photo: PRNewsFoto/PrecisionHawk.
[Avionics Today 06-02-2015] PrecisionHawk announced its Algorithm Marketplace has been launched in beta, providing automated analysis of aerial data acquired by Unmanned Aerial Vehicles (UAVs). Using these algorithms, drone operators no longer need a background in Geographic Information System (GIS) or remote sensing to interpret their aerial data. Instead, the marketplace provides an action-based report to improve management of assets. This launch includes initial algorithms in agriculture, but users can expect solutions to be deployed in the areas of environmental monitoring, energy, insurance and infrastructure assessment.
 
"We spent the past 18 months aggregating more than 100 aerial analysis algorithms from leading research partners in North America and Europe," said Ally Ferguson, director of geospatial at PrecisionHawk. "While several are deployed now, we are testing many of our internal and partner solutions in real world environments throughout the summer of 2015."

 
The marketplace is open to companies, universities and students to post and monetize their analysis tools at no cost. A share of the revenue generated from every algorithm sale goes back to the partner. In addition, the algorithm tools can be set to private so companies can extract information without sharing IP.
 
"The Algorithm Marketplace opens up the remote sensing community and allows institutions, like Texas A&M, to see its research solve tangible real world problems for non-technical users," said Michael Bishop, founding director of the Center for Geospatial Sciences, Applications and Technology at Texas A&M University.
 
Algorithms are being developed to help companies better evaluate change in conditions over time. To support these tools, PrecisionHawk recently acquired TerraServer, an online satellite imagery provider. 

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