Page 76 - Security Today, March 2018

The Next Evolution Video security posed for revolutionary technology to enter
BIy Shawn Guan
t is time to pay attention to Artificial Intelligence (AI). With Apple Siri, Google Assistant and now Amazon Echo, voice rec- ognition AI interacts with users worldwide thousands of times a day. In visual recognition, AI is embedded in every day consumer products like Facebook’s DeepFace and Apple’s Face ID. Future
AI projects in development include self-driving cars, autonomous drones and robots, and Google computer program AlphaGo learn- ing AI. This revolution is taking every industry in the global economy by storm and video security is no different.
There are two ways AI is changing and continues to influence the industry: improving efficiency and safety at lower operating costs and unlocking brand new capabilities never before thought possible, capabilities that would have needed a massive team of humans to manually do it—think Big Data. Many companies may focus on the former because it saves money, yet the most forward-thinking ones should instead seek for the latter because it creates growth.
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Current Landscape of the Video Security Industry
The video security industry is currently estimated to be about a $16 billion market1 and is projected to grow to $90 billion by 2020 when adjacent fields such as alarm monitoring and access control are ac- counted for.
The video security industry’s secular growth is driven by a need for greater security in public areas, as well as Smart City initiatives that feature many networked objects and sensors communicating with each other known as Internet-of-Things (IoT). The result has been the introduction of 66 million cameras coming online every year and more than seven billion hours of footage being recorded around the world.
The problem sprouting from this situation is simple: There is too much data, and too few eyes watching it. A research project by the U.K. Police Scientific and Development Branch found that the more
ARTIFICIAL INTELLIGENCE
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