Does video surveillance suffer from similar problems to banking? We are all learning that easy money combined with little regulation ultimately creates disasters. What's interesting is that video surveillance shares some characteristics with banking:
- 9/11 triggered a massive surge in video surveillance funding
- Governments have pushed through large scale projects quickly
- We have pushed cutting edge unproven new technologies
There's been a lot of easy money available for video surveillance and we have rolled many speculative city wide surveillance and video analytic projects. Reports are fairly common about significant problems with video surveillance systems - recently Washington DC
, a few months ago at the Mexico border
and continuously from the broader public
. And, if you have been around long enough, you know that these examples are just the tip of the iceberg. There are many more failing projects out there that no one wants to publicly address.
For those of us in industry, the pressure is high to close the deal. While most genuinely care about improving security, if the client is willing to take the risk, we are generally more than happy to commit to it. Easy money has made many security managers open to more risks and industry has been happy to feed that.
What's the Risk
Beyond a false sense of security, what we are learning from the financial fiasco is that the public will eventually crack down on systematic problems. It may take years and spectacular failures to do so but eventually it will get stopped. When it does get stopped, it's likely that cultural, political and legal restrictions become so strong that it impedes even legitimate activity.
The risk for video surveillance is that the public failures and the fear of destroying privacy creates a powerful backlash.
I do not think that the extent of the problem is anywhere near the level of the financial industry. However, I do think the days of easy security money are ending
and that we are entering into a new climate of scrutiny. Overpromising with the public's funds on speculative video surveillance may have been overlooked for the last few years but times are changing. Thoughts?
Most Recent Industry Reports
Directory of 30+ LPR / ANPR Providers
on Feb 21, 2018
License Plate Recognition / Automatic Number Plate Recognition are a type of video analytics software that can identify and match license / number...
Visio For Video Surveillance Design
on Feb 20, 2018
Many integrators have standardized on AutoCAD for camera layouts but new users may be overwhelmed by its learning curve. Microsoft's Visio...
Hikvision Deletes Genetec Support
on Feb 20, 2018
There will be no peace between Hikvision and Genetec.
A year after Genetec expelled Hikvision (and Huawei, citing Chinese government control...
Why 3VR Failed
on Feb 16, 2018
3VR destroyed transformed ~$65 million in VC funding into a $6.9 million exit.
The reason they failed is simple. They bet on analytics. They...