LPR continues to add efficiencies - and improved security - to parking management operations. And we now see some exciting new applications emerging too, taking advantage of advances in edge AI camera technology.
Rapid and robust technological advances have transformed the video surveillance market in recent years. But perhaps none more so than 2023. AI came of age with the debut and rapid adoption of ChatGPT, which started a worldwide debate around the need for regulation. It was also the year we finally put the COVID pandemic behind us, resulting in projects being revived, a resurgence in sales, and like other AI technology, the adoption of video equipped with AI surged in the U.S. across a wide variety of sectors. From enhancing security measures to improving operational efficiency, video surveillance has become indispensable for businesses, organizations, and public spaces.
Users in the Middle East are among the most ambitious globally when it comes to taking advantage of the new capabilities that video technology has to offer.
Systems integrators are winning significant contracts with bids leveraging the benefits of easy and affordable AI video analytics.
It’s a sign of the times that one of the UK’s best-known supermarkets is trying to attract police patrols to its stores with the offer of free hot drinks.
Retail theft is a significant problem in the United States that has a substantial impact on retailers, consumers, and society as a whole. Shoplifting is the most common cause of retail shrinkage in the U.S., accounting for 37% of total losses in 2021. Retailers cited external theft, including organized retail crime, followed by employee internal theft and inventory process failures.
For systems integrators that don’t yet have NDAA-compliant video manufacturer partners, now is the time to make that connection. There are growing opportunities for integrators who do work with compliant vendors, and growing risks for those who don’t.
K-12 schools in recent years have experienced a disturbing uptick in violence and other serious security threats. They’re also feeling the press from stakeholders to find new and better ways to improve security.
We are seeing hotel operators putting video surveillance to increasingly good use – finding ways to deliver better guest experiences, improve security, protect themselves from spurious insurance claims, and reduce costs by driving efficiency.
As deep learning video analytics become more powerful, we are seeing many new applications beyond security.
We at IDIS are super excited to be returning to the show floor once again post-pandemic. We look forward to meeting old friends and new, and bringing you all up to speed on our latest end-to-end solutions with deep learning innovations.
AI video is not just getting smarter and more accurate, the list of applications and benefits is also growing. And, as economic pressures bite, those benefits are needed now more than ever.
While the global economic outlook remains uncertain, as advanced economies grapple with inflation, labour shortages and financial market disruption, prospects across the Middle East are much more encouraging.
GCC countries in particular remain insulated by increased oil revenues, protecting many from the inflationary pressures challenging the West and parts of Asia. According to the IMF inflation in the Gulf will reach just 3.1% this year – compared to the price increases closer to double digits seen elsewhere.
After a year of rebounding from the pandemic and despite the economic headwinds swirling around us, the outlook decidedly does remain optimistic for 2023.
The cannabis sector across North America is going through a period of significant transformation. Powered by a huge spike in sales at the beginning of the COVID-19 pandemic and a swell of public support for the legalization of the drug, cannabis operators are currently enjoying impressive levels of growth.