Dec 3 (Reuters) – Jeff Bezos’ plan to deliver Amazon.com
packages by drone isn’t just an idea which skirts the line
between satire and reality.
It is also a neat little illustration of how technological
innovation may be lowering overall investment returns.
The online retailer is testing delivery by unmanned flying
vehicle, Bezos, Amazon.com founder and CEO, told CBS TV
show 60 Minutes on Sunday. Drones, heretofore best known for
their military uses, could be useful for packages up to 5 lbs in
weight, a segment which comprises 86 percent of Amazon.com
deliveries, he said. ()
The goal, according to Amazon, is to have a system in place
by 2015 which can make residential deliveries in under a half an
hour by drone.
Putting aside the fact that drone use is currently strictly
controlled, not to mention issues of cost, it seems that in
coming years when you see a drone in the sky you’ll think “my
house” and “extra virgin olive oil” rather than “high
explosives” and “Taliban”.