The US government has announced that it is set to refocus its efforts on examining ways in which it can help speed up the process of taking new technologies to the marketplace. The Trump administration has announced its intentions to bring together a group of drone makers, wireless companies and venture capitalists to explore practices that will enable the commercialization of these technologies in a much more streamlined fashion.
It has been confirmed that President Donald Trump will meet with the CEOs of General Electric Co, Honeywell International Incorporated and AT&T. Representatives from major drones industries and venture capitalists will also attend the meeting as part of a combined effort to focus on innovative technology in a bid to kick-start new job growth.
The White House’s deputy chief technology officer, Michael Kratsios has said the primary objective of the discussions is to drive ‘economic growth’. He said: “The goal of the session is to find ways the United States can maintain its leadership, creating and fostering entirely new technologies that will drive our economic growth."
The Trump administration has expressed its desire to promote the development and commercialization of emerging technologies – and has shown a particular interest in the development of unmanned drones and 5G wireless technologies. Some analysts have predicted that the impact of 5G will be similar to that of electricity.
The Obama administration has implemented rules and practices that enabled low-level small drones to be deployed for education, research and routine commercial use. It has been reported that the Trump administration is currently weighing up the option of expanding drone use for purposes such as deliveries where aircraft would fly beyond the sight of an operator. However, security issues would need to be resolved before such legislation could be passed.
The FAA has projected that by 2021 the number of small hobbyist drones will more than triple – whilst the commercial drone fleet will increase tenfold to about 442,000. In addition to this, last year, the FCC cleared the way for 5G - with the race to commercialize the technology underway which is expected to be deployed by 2020.
New 5G networks are expected to provide speeds at least 10 times and maybe 100 times faster than today's 4G networks. The next generation of wireless signals needs to be much faster and far more responsive to allow advanced technologies such as virtual surgery or controlling machines remotely, regulators say. The networks could help wirelessly connect devices such as thermostats or washing machines to facilitate the internet of things.