Technology is Set to Redefine Commercial Security Landscape
The Middle East, with its predominance of critically vital hydrocarbon, energy and utility plants, is set to become an early adopter of the latest AI-influenced identity and face recognition technology as commercial building security rises up the region’s infrastructure agenda, according to experts.
With new insights from 6Wresearch estimating a 16.6% compound annual growth in the region’s commercial security market over the next four years to reach US$ 8.4 billion, the international industry says owners and operators will employ the very latest technology to ring-fence their assets.
The forecasts are borne out by the commercial security sector at Intersec 2020, the region’s leading trade fair for security, safety and fire protection, which ran at the Dubai World Trade Centre (DWTC) in January. Commercial Security was the second largest exhibitor segment at the show accounting for nearly a third of the 1,100 participants. Fire and Rescue had over 400 exhibitors.
Danish exhibitor Milestone Systems, which provides open platform video management software (VMS) technology that helps ensure safety, protect assets and increase business efficiency, says the future of commercial security will be dominated by intelligent, AI-driven solutions.
“AI is a real game changer,” said Amine Sadi, Regional Sales Manager, Middle East and Africa, Milestone Systems. “AI systems can analyse massive amounts of data, which is beneficial for reviewing hours of surveillance footage. By learning how objects move and what they look like, the AI applications can rank the data and make decisions based on it. Machine learning and artificial intelligence assist by analysing data that has not been organised or labelled in advance, finding discernible patterns and helping to search for unknown output to solve problems.”
Sadi said the global video management industry is witnessing unparalleled innovation by creating new opportunities for the use of technology to protect people and assets, helping to optimise business and the way people live and work.
“According to The World Economic Forum, more than one trillion sensors will be connected to the Internet by 2022,” he explained.
Sadi said demand for smart solutions and machine learning technologies will be fuelled through the adoption of the Internet of Things (IoT) and AI technology. Executives surveyed by the PwC Global Digital IQ Survey bear out his predictions with 73% saying they are investing in IoT and 54% committing to AI.
Milestone Systems anticipates that within the Middle East, the UAE – as a proven early technology adopter – will lead the way in the adoption of.new technologies and trends. “At a national level an example of this is the launch of its National Cybersecurity Strategy, with the aim to create a safe and resilient cyber infrastructure in the UAE following the EU GDPR initiative,” explained Sadi.
“From a business perspective we see a rising demand for bringing AI and business analytics into the projects we can deliver, thanks to a strong partner base that integrates leading market solutions to our VMS.”
Dubai has been chosen to host the company’s largest event, the annual Milestone Integration Platform Symposium for EMEA and APAC, to be held in April.