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CIRC; Providing Custom-Built, Autonomous, AI-Enabled Drone Solutions
Diversification requires a deep understanding of how your core competencies and capabilities can be reapplied to a whole other market.
By
Apac CIOOutlook | Friday, July 31, 2020
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Diversification requires a deep understanding of how your core competencies and capabilities can be reapplied to a whole other market.
FREMONT, CA: A bird's eye view of the world has always fascinated humanity. A glance from above adds more perspective to what we see around us every day. This led to the invention of drone technology, Coretronic Intelligent Robotics Corporation (CIRC) has been at the forefront of the industry ever since. One of the key trends in the drone industry is the need for consolidation. “Our holistic drone solutions for the industry include intelligent drones, charging stations, and flight control systems,” said Andy Hsin, General Manager at CIRC.
Businesses focus on a few aspects within the drone ecosystem and look for companies that can fill in the gaps to provide customers with a complete product or solution.
In most cases, this consolidation happens within the industry. Individual companies come together to make one more prominent company. Sometimes the resources already exist within a major company to develop an entirely new market segment. This diversification within the sector is a sign of the industry maturing as a whole.
Diversification requires a deep understanding of how your core competencies and capabilities can be reapplied to a whole other market. It requires the vision to understand how those pieces fit together and how you can sell that solution. When a company's capabilities match the needs of a new market, this can be incredibly successful. This is what the Coretronic Group did when they established the Coretronic Intelligent Robotics Corporation (CIRC) in January of 2018.
At the time of the establishment of CIRC, it already had access to several well-established, professional, in-house resources, which they utilized and continue to use to develop comprehensive, high-quality drone solutions. They can handle everything in-house from the development of the hardware, sensors, and flight control modules (FCM) to AI, edge computing, computer vision, autonomous capabilities, software development, and more. This also means that CIRC can quickly adapt, customize, and fine-tune everything that they develop from the FCM and sensor package to the software and AI to suit the needs of their commercial clients as needs and circumstances change or new markets for drone technology open up. CIRC was also listed as one of the Top Drone Technology Companies by APAC CIO Outlook magazine in 2020