Why you should be excited about Amazon's drone delivery

Home delivery in 30 minutes or less? Most pizza places can't even make good on that promise.

Amazon drones
(Image credit: (Facebook/Amazon.com))

Last night on 60 Minutes, Amazon CEOJeff Bezos laid out his vision for the future of home delivery — Amazon Prime Air, delivery by an octocopter drone in under 30 minutes.

Amazon predicts that one day, spotting octocopters in the sky will be as normal as seeing mail trucks on the road. But before a commercial rollout can begin, the technology will have to be approved by the Federal Aviation Authority (FAA). Amazon projects that this could come as early as 2015. And while Amazon — a global leader in delivery logistics — is in a strong position to pioneer and roll out this kind of technology, you can bet that other companies will soon be testing their own drones in an attempt to stay competitive.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.