In the near future, the Internet of Things (IoT) is expected to revolutionize several sectors, but the fields of video surveillance and security as a whole is already experiencing numerous advantages, adding smartness to monitoring of vast volumes of data, reducing business costs, and negotiating hazards.
With the ubiquity of smartphones, even some of the most prominent technology companies such as IBM has decided to invest US$3.0 billion into its IoT division. Though for many years, video surveillance banked on systems to connect via internet protocol (IP) based networks, the next phase is expected to be machine to machine (M2M), which has created a device-based industry, with IP video surveillance integrated with it. Some of the most common examples of M2M would be remote asset monitoring in a fixed or mobile manner and GPS tracking solutions. In the recent past, the improvements in high speed mobile connections and the advent of cloud computing is helping the decision makers with instant information data they need, which can be analyzed locally as well as via cloud.
BFSI, Healthcare, and Aviation Industries Biggest Beneficiaries
In the banking and retail sectors, the IoT helps in operations, marketing and advertising, and other security solutions. Banks can now analyze the vast consumer base ideally and focus on targeted marketing to increment their branch operations. In the healthcare sector, IoT promises to optimize the process flows, improves emergency services, and helps in reducing patient’s stay at the hospitals. The aviation industry is another prominent beneficiary of the IoT, wherein security is turning into a major issue. Video surveillance and sensory system are significantly helping in making air travels safer.