Are advanced video analytics on the horizon for smart homes? – SecurityInfoWatch

Traditionally, the use of video analytics has been reserved for specific applications within the security industry, such as providing early warnings of perimeter breaches at critical infrastructure facilities or delivering business intelligence to retail stores. One place where analytics has not been widely used to this point is in the residential and small and midsized businesses (SMBs) market, but that could be about to change.      

Last week, Alarm.com announced that it has acquired ObjectVideo, one of pioneers of video analytic technology in the commercial security space, and integrating it into the company as “ObjectVideo Labs.” Although ObjectVideo sold its patent portfolio and patent licensing program to Avigilon in 2014, the company still had a wealth of software and human assets which made them an attractive acquisition target, according to Jeff Bedell, Alarm.com’s chief strategy and innovation officer. 

“We saw ObjectVideo as being very complementary to what we’re trying to do, both in the residential space as well as in our commercial business,” Bedell says. “With their software assets, they already had a lot of stuff that we were looking at and figure out if we either wanted to license or acquire it, so we ended up with a set of very mature analytics capabilities which was the other piece of the equation besides the human capital.”

Bedell says they were also impressed with how advanced some of the analytic capabilities the company has been developing, many of which fall outside the scope of the technology’s application in traditional surveillance deployments.

“From our estimation, these guys had been doing video analytics longer than anybody out there and doing work not just focused on what can be done with standard surveillance cameras, but also pulling video off a drone and communicating it back over satellite communications to a field operative in a military training facility and things like that,” Bedell says.

While most people obviously wouldn’t require the same level of advanced analytic capabilities as the military, the fact remains that consumers are becoming increasingly comfortable with bringing surveillance cameras into their homes and businesses. In a report published last December, IHS Markit said it is forecasting double digit year-on-year growth for the next five years for the consumer video market with revenues expected to surpass $2.5 billion by 2020. This growth in security camera adoption within residences will also pave the way for the use of video analytics in the smart homes of tomorrow.

“We directionally have seen an increase in acceptance of video in the residential space. People are certainly much more comfortable with indoor cameras than they were even two years ago and the sophistication of the technology has gotten better,” Bedell explains. “Inevitably, the question becomes what data can you pull off a video camera and what can you do with it and that really is the field of video analytics.”

Comments

Write a Reply or Comment:

Your email address will not be published.*