Before the new garbage sorting regulations take effect in Shanghai on July 1, residents of Shanghai had no experience in this matter and they are still confused by the complicated garbage classification standards. To solve this newly came pain point of those who live in or visit Shanghai, it is said that companies are developing intelligent trash cans that are smart enough to identify garbage types through information gathered from cameras and sensors. That is just a glimpse of the life empowered by IoT, which can benefit us to an extensive degree. The city, the traffic, the home, none will be as safe as we know it if, for instance, a wanted man shows his face but not identified and no alarm triggered and no heads-up sent to the police in time.
While a buzzword in the tech world for many years and an even hotter topic today that permeates laymen’s conversations, IoT is now literally a big deal. The global market was valued at $190.0 Bn in the year 2018 and is anticipated to reach $1111.3 Bn by 2026, according to a recent report by Fortune Business Insights, titled Global market analysis, insights, and forecast, 2019-2026. The analysts in the report predict that the global market will expand at a ferocious CAGR of 24.7% throughout the forecast years.
The rise of IoT requires multiple advanced technologies, including 5G, cloud computing, big data, and AI, with AI being maybe the most important one. Thus IoT is now often directly referred to as AIoT, perhaps a more precise term indeed, since it is not just about put things/machines, but put things/machines that are smart enough to operate on their own, in a swift and spontaneous manner when put to work in a complicated system, such as a security system.
AIoT smart security solutions not only save man power but also in various ways outdoes man's work. Security cameras, for example, are sharper eyes than security guards when connected with the database. Each day a huge amount of visual information is collected by high definition cameras and In this way, AIoT makes it possible for cameras to not only record what a person does but also recognize who that person is immediate.
In addition to the and efficiency of crosschecking afterward, AIoT security system can also deal with an emergency when or even before it occurs. In short, it expands protection into prevention through pattern analysis. Since cameras are connected to other devices in AIoT, such as alarm Ring and access control, the security system is in fact endowed with the power to take actions according to the information and analyzed. Nowadays, cameras often work with various types of sensors that can provide instant information other than images and videos, such as temperature And wetness, which are crucial to the safety of places like museums, drug stores, and farm houses. And as you can tell, the AIoT solutions in those cases will also simultaneous take care of these situations by automatically adjust the concerning equipment, like air conditioner and humidifier.
AIoT & smart solutions in security industry
In more complex situations in which there are more variables, AIoT, though still far from replacing the majority of human labor, offers great help in terms of saving the time & cost, and rearranging resources to the most efficient degree, resulting in various smart solutions like smart city, smart traffic, smart retail, smart home.
The city today is usually a very complicated organism consisted of many elements and departments, which, if not connected in the most efficient way, could handle neither the unexpected event nor daily operation. Since the police force, as well as other manpower, is limited it’s critical to use them smartly, which is why Smart City solutions supported by AIoT becomes inevitable.
The AIoT smart solutions can certainly be adopted by private sectors as well, such as Smart Retail Solution, which, for example, can automatically calculate the customer flow by security cameras that can tell people from objects & backgrounds and thus optimizing employee scheduling. With more information, the store can make smarter business decisions.
And there is Smart Home Solutions. While safety may still remain the top priority for family users, it will not be the only value. Smart Home Solution makes cameras do more than surveillance when they are connected with other house pieces through AIoT, such as the lock and telephone. Users can remotely authorize other people to enter simply through cellphones. And the video recorded will not just be about safety but also for entertaining purposes, such as checking out the live performance of your pets.
AIoT v.s. cyber security
The arrival of AIoT era has brought unprecedented attention to network security and privacy protection.
On May 25, 2018, European Union's General Data Protection Regulation (GDPR) was officially implemented to strengthen and unify data protection for all individuals within the European Union, imposing stricter requirements on the data processing by controllers and processors. Companies across the world, including security vendors, took various active measures, such as conducting assessing data protection impact assessments, strengthening data protection training, upgrading data protection technologies, and standardizing organizational compliance requirements.
More players – challenges or opportunities
One analogy to AIoT might be water: it is practically everywhere, it is about everything and it is essential to life as we know it, or as we ask it to be. There is no surprise that security industry, which is about guarding the very life itself, will be one of the pioneers to explore AIoT technologies and as a result one of the first to be benefited from it. Boosted by AIoT, the security industry sees ambitious new players coming into the game from telecom, IT, AI or chip manufacturing industries, like HUAWEI
, Alibaba, Sensetime, Megvii. The battle for the trillion dollar market in the very near future as aforementioned will in fact be total war with many front lines.
The main challenge is to integrate data. Due to the lack of top level design and immaturity of technologies, data is isolated from each other in different stages like collecting, storage, processing, and application, resulting in information silo and fragmentation of data.
The opportunities for traditional players are based on the competitive advantage in audio/video technology and core intelligent algorithms. The huge amount of videos produced every day is important data sources if it can be calculated through AI, in which realm traditional players like Dahua Technology
，with many years of accumulated experience and technology development, could ensure the continuous improvement of product quality and provide corresponding solutions tailored in customer requirements.