Artificial Intelligence (AI) is the adaptation of cognitive technology to help businesses and organizations improve services, efficiency and productivity as well as and avail predictive analytics. Be it healthcare, automotive, banking and financial services, logistics and transportation all can gain from Artificial Intelligence. On the other hand, Video Analytics is the processing of digital video signals using unique algorithms to perform security-related functions.
Artificial Intelligence (AI) is the adaptation of cognitive technology to help businesses and organizations improve services, efficiency and productivity as well as and avail predictive analytics. Be it healthcare, automotive, banking and financial services, logistics and transportation all can gain from Artificial Intelligence Singapore.
On the other hand, Video Analytics is the processing of digital video signals using unique algorithms to perform security-related functions.
Previously, videos were archived for short durations before being overwritten. Presently, with AI in VA, ML and DL high volumes of data generated by IoT systems are used to get unique patterns in data sets. They interpret them as insights that bolster crime deterrence strategy globally. It adopts a comprehensive data view by connecting singular data points to describe present situations, identify high-risk situations before they deteriorate.
AI Fundamental Facts and Projections
(1) The video analytics market is growing rapidly with several key uses and adaptations of AI.
(2) Moreover, its growth figure keeps changing rapidly due to changing technology adaptations and uses.
(3). AI is now part and parcel of almost every data sphere today. AI has acquired primacy and significance across industries in light of the ongoing COVID-19 global pandemic. It is now adapted for speech optimization, image recognition, healthcare, curate content, consumer behaviour or market research, security systems, etc.
Traffic and utility management are major challenges when it comes to metropolitan cities and urban areas. As the urban populations expand, the need for faster video data interpretation is obvious. Moreover, utility services like water, electricity grids, gas pipelines, garbage collection and other amenities require consolidated mechanisms. AI-enabled VA is helping build faster actionable insights from all the video data collected. That means more efficiently managed and administered urban areas and regions. Smart cities are emerging as proof of this trend.
Vision algorithms with high computing capacity and high camera resolution have led to cheap CCTV devices. That has multiplied accuracy of image recognition. Several businesses now have AI-VA systems for various applications that go beyond security services. DL is now widely used in VA applications and helping in image recognition. The potential uses of VA technology powered by AI are only just maturing.
VA software product lines are expanding beyond smart cameras. The driving factors for VA market growth are lower hardware prices, better product models producing few false alerts, adaptive security uses and the increased safety of citizens. From retail stores, government offices and institutions, consumer, healthcare and medical research, smart cities, and critical infrastructure security and surveillance are the few key verticals driving AI-powered VA growth.
For Video Analytics Companies in India, VA extends beyond smart cameras, software and other services using image recognition technology to extract data from incoming videos. That helps generate meaningful insights or results for humans.
Whereas security is the primary application for AI-based video analytics, business intelligence, data governance, RPA, BPA, etch are also adapted. Other applications adopted by AI in VA for business purposes largely driven by the market forces. AI is used in marketing, operations analysis, and other business purposes.
Behavioural analytics (a component of AI) observes strange situations based on knowledge of particular human postures and actions.
Behavioural analytics is applied to ensure workplace safety. Besides, it is adaptable for detecting potential danger in real-time, sending instant alerts to first responders to reduce the risks to employees and facilities.
Behavioural analytics will only grow in the future. Behavioural analytics increases awareness of the value of AI-fortifying surveillance systems availing benefits to enterprises across several industries.
AI puts video surveillance solutions on the front lines of infrastructure maintenance and surveillance. The video data storage technology that runs these solutions operate at optimum levels. Neural networks learn from video content gained on-site with highly reliable video records and files.
Intelligent video surveillance systems with AI can function optimally with cloud storage. That reduces latency and improves efficiency.
Building storages that accommodate standard surveillance systems is one thing. But building storage supporting Big Data applications using dozens of high-definition cameras that process AI is another. By going deep down to the storage parts, integrators have to remember the hard drives of customer appliances and servers. These hard drives replicate large video data amounts as the footage is sent from the edge to the cloud. They interpret the video data in real-time to detect or identify and deliver intelligent insights.
With the best of the Next-Generation Video Analytics Software making headway in the AI-powered VA market the time to invest is now. The multiple present benefits and future advantages for businesses are way too many to miss out on.