Over the past few years, technology has disrupted industries that had been relatively consistent for decades prior. That is nowhere more clear than in the construction industry, where drones have given commercial and residential construction managers the ability to increase their efficiency, save money, and improve their projects.
In fact, a 2016 Goldman Sachs report found the construction industry to be one of the fastest-growing commercial sector taking advantage of this technology. By 2021, estimates show a global investment of more than $11 billion in drones used during the construction process alone. This is despite continued regulatory uncertainty in major economies like the United States.
Remote Monitored Systems plc (LON:RMS) is focused on the continued development of the Company’s ‘Survey & Inspection’ business. RMS also has a majority interest in GyroMetric Systems Limited, which develops and manufactures digital monitoring and safeguarding systems for rotating shafts. In addition the Company is implementing an enhanced growth strategy via the appraisal of complementary acquisition or investment opportunities. This is in line with the Company’s stated objective to achieve improved financial performance in the near term.
