We know the story, a company’s
assets are entrusted to a group of bumbling security guards who, in turn, are
duped by master thieves that are only discovered to have infiltrated the
facility after they have robbed the company blind and made a clean get-a-way.
The company must then review the tapes and track down the thieves at a huge
cost of time and money in order to recover its assets. It’s the real life
Walter White stealing Methylamine from a chemical supply depot.
What if you could be alerted
by the camera while the crime was still happening. The camera not only records
the intrusion, but also alerts you and the authorities that a crime is taking
place. You could be tanning on the beach in Maui and a break-in occurs at your
server warehouse. No need to put down the Mai Thai, your cell phone alert can
be forwarded on to the authorities who then apprehend the thief. The intelligent
video analytics in your security system has comprehended that an irregularity has
occurred and notifies you accordingly.
Let’s now discuss the Intelligent Video Analytics
(IVA) technology. This innovative technology is explained by market research firm,
Research and Markets as:
“Intelligent Video Analytics provides an advanced solution that
performs intelligent video analysis and fully automates video monitoring. It
automatically tracks and identifies objects, analyzes motion and extracts video
intelligence from analog, digital, or IP video streams.”
This industry is
expected to be the fastest growing sector of the Surveillance Industry. The
total IVA market was worth $180 Million in 2011, and is expected to explode
with a compound annual growth rate of 30.4% from 2012-2017 equaling roughly
$868.4 million. This innovative technology has turned the security and surveillance
industry upside down. No longer do you need security guards to monitor your
cameras, the cameras can monitor themselves 24/7/365. The cost savings are
abundant for any firm that has assets to protect.
These analytics have the capability to output
real-time events, such as the aforementioned intrusion in process, and retain
the information for data-mining through data collection. Existing security technologies can be
retrofitted with the new analytics and add value by creating innovative solutions to emerging
security issues. The range of industries
that can benefit from this technology are myriad.
For example the mining
industry, or even a wiring manufacturer has a need to protect their raw materials.According to Video IQ, a
Video Analytics vendor, “Theft, sabotage and vandalism are on the rise, and
metal theft has risen over 83% in the last two years. Copper theft represents a
whopping 96% of this growth.” Along with asset protection, critical city infrastructure such as power plants, water towers, communication lines, and transportation hubs can all be secured with constant monitoring via IVA.
The choice of provider of
this game changing technology can be an important strategic decision for any
firm with a tight budget for security. In future posts, we will profile some of the industry leaders. Included below is an example of how IVA can protect your company's assets:
Stop any potential Heisenberg
in his tracks!
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