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Friday, December 09, 2011

#ALGORITHMS: "Video Analytics Boosts Business Intelligence"

The millions of video surveillance cameras worldwide have opened a nearly billion-dollar market opportunity for smart software that can detect motion, recognize people, identify objects and track vehicles.


Analytics running on the video feeds from the millions of surveillance cameras worldwide are recognizing objects and their behaviors to provide situational awareness of remote locations. As these algorithms get smarter, a new market is forming that incorporates video analytics into business intelligence tools. This market has the potential to grow to nearly $1 billion by 2016, according to ABI Research.
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