BitRefine predicts success to BI, not to AI in 2020

MONGKOK, Hong Kong - Dec. 19, 2019 - PRLog -- For last five years at least, artificial intelligence (AI) has been a buzzword. Its application and use in various industries are evolving. A recent report by Gartner stated that AI is a recurring theme in the 2020 tech trends and it will continue to lead the technology marathon.

However, for the security CCTV industry AI still means "advanced analytics", not "artificial intelligence", as the term artificial intelligence literally means computers' ability to think. CCTV analytics allows recognizing objects, tracking and classifying them, but it is still way far from providing any kind of assessment of the situation based on revealed details and automatically execute any actions, replacing live operator. As a data science and computer vision company, we at BitRefine group believe that people will manage to combine various technologies such as machine learning, reinforcement learning, generative adversarial networks, augmented data learning. All of this will ultimately bring us to fully automated surveillance, but it is not going to happen in 2020 for sure.

For 2020 BitRefine group sees the greatest opportunity in turning a CCTV system into a source of business intelligence (BI). Big companies are already exploring approaches that will allow them leveraging data, generated by existing video surveillance to improve three general areas: increase yields, reduce costs and improve competitiveness. The actual range of possible use cases is limited only by level of understanding of company's business processes and available data. According to some estimates, in terms of improving business efficiency proper use of existing video assets bring from 1% to 10% of cost savings.

Surveillance video is a typical example of big data. And besides, it is extremely rich 'big data'. The questions is what kind of insights a company wants to extract from it. Today advanced video processing systems, based on deep neural networks can automatically extract almost all kind of information from real-world footages. There're already corresponding commercial tools on the market. Now it is business' turn to see the value of the data that their CCTV systems possesses and to apply business intelligence to increase the efficiency of physical processes.

Bitrefine group solves clients' toughest challenges in the field of machine learning and computer vision. Deep data analysis, visual information comprehension, robotics, automation, medical image processing, behavior prediction – this is the short list of application that we develop. For the video analytics market researchers and engineers developed a dedicated platform BitRefine Heads, which serves as universal tool, capable of recognizing wide spectrum of objects in the real-world environment: https://heads.bitrefine.group/