VIVOTEK is one of the few non-Chinese Asian companies that has been able to remain profitable over the past few years amid fierce competition from some leading Chinese companies. VIVOTEK’s net profit margins in 2015 and 2016 remained steady at 10 percent.
According to Owen Chen, Chairman of VIVOTEK, in an earlier interview with
a&s, the company attributes the secrets behind its profitability to flexibility, globalization and partnerships. Since day one, VIVOTEK has insisted that they develop their own chipsets for the market. And this foresight has made the company highly capable of dealing with customized projects. “Our own design chipset brings us high flexibility and speed in developing new products.”
In addition to chipset hardware development, VIVOTEK has also developed its deep learning algorithms, such as in people counting and smart motion detection. Technological competence in hardware and software ensures tailored, effective and timely service, which is especially important when it comes to providing a complete video surveillance solution for customers, and also to keep high profitability.
From security to IoT
Seeing this high interest toward AI and IoT, VIVOTEK’s strategy as “the eye in IoT” is to stay focused on “video” technologies. Relying on the strong partnerships it has built with global strategy partners, the company intends to form the most complete and ideal solutions for end users.
As all industries are moving toward IoT, cross-industry alliances and partnerships in an ecosystem becomes inevitable and vital. The ecosystem partners in VIVOTEK’s Solution Integration Alliance (SIA) program can utilize each other’s expertise and resources to create comprehensive solutions for their customers, in both security and IoT-related projects.
Take the transportation and retail sectors, VIVOTEK is capable of forming complete solutions with Genetec, SeeTec and Wavestore. VIVOTEK’s H.265 products can also be easily integrated with platforms from major companies like AxxonSoft, Cathexis, Digifort, Exacq, Luxriot, Macroscop, Milestone Systems, Mirasys, NUUO, QNAP and Synology.
Going beyond traditional security applications, VIVOTEK shares the value of intelligent video analytic solutions with ICT/IT channel partners in accordance with the company’s vision to be “the eye in IoT.” Delta Electronics, FollowUp (a company specializing in the retail consumer experience) and Videonetics are just some examples of its solution partners for IoT projects.
“See more in smarter ways”
Being “the eye in IoT,” VIVOTEK endeavors to empower users to “See More in Smarter Ways.” Its latest product launch — panoramic cameras which will allow users to see more details with wider angles of view — reflects this vision of bringing greater value to multiple projects. VIVOTEK’s 180- and 360-degree panoramic solutions are designed with multiple sensors or fisheye lens, which provides higher resolution images and maximizes the field of view. This will ultimately reduce the total number of cameras required, conclusively saving on installation costs. These are ideal outdoor surveillance solutions as they can offer full horizontal views and deliver high-quality comprehensive coverage, with sharper and more detailed images.
In the concept of Smart Edge, VIVOTEK also developed the latest smart fisheye cameras include a new wave of video content analysis (VCA) technology, such as smart motion detection. All intensive analytics are done on cameras, allowing users to embrace benefits include real-time analysis, easy to scale-up, and cost-effective solution.
Staying focused
The market demand for IoT and AI technologies is expected to see a big jump in the next five to 10 years. VIVOTEK is staying on top of this trend through its focus on developing video content technologies that can provide added value to its strategic partners. With strong partners around the world, VIVOTEK is confident that it can continue to offer unique smart IoT solutions that can stand up to the challenges posed by Chinese companies.