The Algorithm Marketplace launched June 2 in beta (testing) will provide automated analysis of aerial data acquired by unmanned aerial vehicles, also called drones.
Using sophisticated algorithms, drone operators no longer will 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 the 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.
The company has spent 18 months aggregating more than 100 aerial analysis algorithms from leading research partners in North America and Europe. While several are deployed now, PrecisionHawk is testing many internal and partner solutions in real world environments through Summer 2015.
The patent-pending marketplace is part of DataMapper.com, PrecisionHawk’s drone data platform (Video: https://youtu.be/zLeUU3_Dr5E).
The company news release says users can expect many of the analysis algorithms to process in as little as a few minutes in the months ahead, empowering a wide variety of industries.
Automation benefits companies who not only need answers quickly, but also those who need to control costs when they need to analyze large volumes of aerial data.
The market 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 some educational institutions to see its research solve tangible real world problems for non-technical users.