PANEL: Flyability CEO encourages companies to consider ROI before buying newest drone

Patrick Thevoz, CEO at Flyability, has encouraged drone pilots to think about the consequences on return on investment before investing in the newest and latest drone on the market.

Thevoz made the comments as part of the opening panel discussion at this year’s Commercial UAV Show at the London ExCeL.

Questioned on how companies should keep up with a market which is constantly developing and releasing new, fresh technologies and products, Thevoz described how he felt it was important for all companies to make an informed decision before making a purchase.

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He said: “Half of our customers are inspection companies and service providers so people do care and do look at the ROI on their purchase. The question of having an obsolete product is intimately linked to this question of business case and application because if you have the tool which does the job well there is not necessarily the reason or need to be upgrading.”

He continued: “As a pragmatic inspection company I think the technology will advance very fast and if you manage to find the business cases which has a very high ROI then usually, from what we know from our customers, the equipment budget for inspection companies is actually not that much compared to the human cost and travelling cost linked to that. However, if it is successful then buying the new tool because it is out there and it is going to save you some efficiency then it will probably be no-brainer.”

This week Flyability announced it just closed a series B round of funding which saw an injection of £8.5m go into the company.

Read more on that here:

Flyability looks to future of indoor autonomous inspection after £8.5m round of fundraising

Tags : FlyabilityInvestmentPatrick ThevozROI
Alex Douglas

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