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Implications of Artificial Intelligence (AI) and Internet of Things (IoT)
IVA, or intelligent video analytics, uses specialized computer hardware and software to analyze video for various reasons. It mainly includes motion tracking, facial recognition, object recognition, and even flame & smoke detection. Although this technology has been available on the market for many years, it has recently gained popularity due to several technological factors, like much-improved low-power processing technology, the rise of IoT (Internet of Things), and higher resolutions.
The term “Internet of Things” refers to the increasingly widespread use of smart gadgets that can easily connect to the internet. The IoT application development patterns & services are bringing a new wave of devices now available on the market that can perform function & edge analytics and are wirelessly connected to a centralized control point through the IoT gateways. Furthermore, this technology also enables greatly improved efficiency and convenience in all aspects of our personal and professional life. IoT is practically used everywhere, whether for managing the equipment in the factory processes, performing preventative maintenance on an elevator, or managing the devices and equipment in your house.
Harness The Power Of Prediction With Intelligent Video Analytics
In the current situation, the potential of video analytics and AI-backed predictive has opened new doors of possibilities with the emergence of the Internet of Things. Observing and analyzing human behaviors and historical events has enabled us to prepare adequate responses, react to developing events, and proactively estimate scenarios. This makes it possible to implement comprehensive solutions across several segments, including smart city management and leads that result in company sales, along with other things.
CCTV surveillance systems allow us to monitor our world, including urban areas, workplaces, public spaces, and other places. CCTVs were initially seen as a powerful tool to record the activities and events in a space under surveillance. However, they are being integrated with analytics, artificial intelligence, and IoT to increase their effectiveness, impact, and benefit. CCTV camera systems typically transmit visual information to control rooms during normal operations, where they may not or may be saved on a hard drive
As a result, contextual video feed analytics acts as a platform to assist businesses in using historical data to forecast future events. These institutions can then plan their actions and proactively mitigate unanticipated incidents or outcomes.
Moreover, predictive analytics platforms driven by video-AI can improve security and safety measures and offer CCTVs to do tasks beyond the purview and scope of monitoring & surveillance. As an integrated platform, they can serve as smart sensors that provide information about the circumstances or actions of individuals and objects inside a particular area they have observed. Such data-driven services improve organizational effectiveness and client satisfaction or generate income based on use cases.
Here Are A Few Of Practical Use Cases Of the Internet of Things And Intelligent Video Analytics Technology
- Reducing The Manual Effort For Utility Providers
Advanced video processing and deep neural network algorithms can easily detect anomalies & leaks in pipes, increasing the effectiveness and efficiency of condition assessments by reducing the need for manual evaluations.
- Obtaining Operational Excellence In The Manufacturing Industry
Item tracing associated with intelligent video analytics provides insights into manufacturing processes. This helps to prevent delays & bottlenecks and boost productivity. It is now possible to effortlessly tag every manufactured item or component with a digital identity certificate interacting with video streams and IoT sensors. Data can then be tracked back to the tag and may be used to make the necessary improvements that might have otherwise resulted in expensive recalls. Deep learning algorithms and artificial intelligence can “intelligently” learn to perform tasks like providing anomaly alerts and process optimization. IoT and intelligent video analytics provide floor safety by monitoring worker movements and generating alerts for dangerous areas.
- Enhancing Vigilance For Governments
City administrations may use a combination of AI, video analytics, and IoT technology to automate traffic monitoring and get assistance with various duties and real-life situations. It includes events like identifying vehicles, redirecting traffic, forecasting traffic volume, detecting stolen cars, identifying public utility spots, and managing parking lots. Intelligent video analytics can be used by governments to monitor crowds and ensure compliance with COVID-19 guidelines. The technology can notify the authorities of any large-scale gathering of people.
- Ensuring Patient And Staff Safety In Healthcare
The healthcare sector can employ intelligent video analytics in conjunction with IoT devices. It can assist with activities like monitoring emergency cases, controlling wait times in real time, and tracking patient inflow. In order to monitor patients, they are also employed off-site in-house care programs, which have proven to be incredibly helpful to the Coronavirus disease pandemic. Contactless diagnostics are now further made possible by edge-based multi-spectral cameras, protecting patients, employees, and others.
- Unlocking Massive Business Value
There is no doubt that IoT-enabled technology, AI-powered predictive, and video analytics will rapidly expand across the globe. In the upcoming years, more and more companies, government agencies, transportation organizations, and other organizations will undoubtedly adopt these technologies due to competitive product offerings and improved awareness. Deep-learning-powered video analytics systems are precise, secure, reliable, fast enough, and futuristic to empower industries and businesses to anticipate the future and respond more effectively.
- Allow Retailers To Enhance The Customer Experience
Hidden trends can be revealed using AI-enabled video analytics. Live video feeds can effectively provide insights into customers’ item interests and purchasing habits. They can also assist businesses in better marketing their products/services by moving items around on shelves and implementing new layouts. Based on the activities performed by specific user segments, video analytics may be used to predict customer interest, allowing retailers to study and forecast customers’ buying behavior. Retailers can also use in-store traffic data to manage their store-level inventory, resulting in better shop management.
Intelligent video analytics technology is a powerful tool that can be used to improve the efficiency of the Internet of Things. By using this technology, businesses can save time and money while reducing the risk of data breaches. Additionally, intelligent video analytics can help organizations to understand their customers better and make more informed decisions about their products and services. IVA tool can also improve the security and safety of the internet of things by providing real-time monitoring and alerts.
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