While video analytic promotion focuses on stopping and solving crime, the greatest value for video analytics historically and for the immediate future is reducing the cost and amount of storage. This report analyzes the top 4 potential impacts of video analytics and explains why storage reduction is the most valueable.
Many disagree with the value in storage reduction. For instance, Milestone recently claimed about analytics: ""It's a myth . . . to think that you're going to reduce what you send back over the Ethernet. You're going to need to have the full recording." Yesterday, Bosch agreed claiming the Milestone statement was "spot on."
Here are the central claims:
- To date, video analytics has created the most value by enabling motion based video recording, saving hundreds of millions of dollars for security customers.
- Video analytics for alerting is 'sexy' but very hard to deliver in production.
- Video analytics for searching has limited customer value (certainly far smaller than alerting)
- More advanced video analytics could reduce storage costs by more than 75%, savings hundreds of millions more for security customers.
- The rise of megapixel cameras and the expansion of managed video as a service will drive the adoption of video analytics for greater storage reduction.