AUSTIN, Texas--(BUSINESS WIRE)--A world in which machines and devices are visually aware and able to make decisions based upon what they see may not be far away, according to IMS Research whose analysts have been tracking the video analytics market for over seven years.
“The innovative major corporations, such as Intel, IBM, Microsoft and Sony, are already making significant investment in intelligent video. This is encouraging many other companies to join the revolution. I think the momentum has already reached the point that these things will happen, the only question now is how quickly?”
Intelligent video has already been used in the security industry for some years and many new applications are already under development. These include cars that are able to see road conditions and warning signs and react accordingly; consumer devices and game consoles that can be controlled by, and interact with, the user through gestures and facial expressions; medical scans that can be automatically compared to ones taken weeks or months prior, and digital displays that can show different content depending upon who is viewing it and how they react to what they see.
When asked why these ideas are finally becoming a reality, IMS Research’s President, Ian Weightman, stated, “The basis of our prediction is that the key elements of an intelligent video solution, including compute engines capable of processing HD digital video streams in real-time, high capacity solid state storage capabilities, and advanced video analytic algorithms, have finally evolved to the point where performance has increased and costs have fallen sufficiently to enable commercial products to be developed.”
Looking further ahead, continuing improvements in facial and object recognition coupled with spatial awareness will lead to more advanced intelligence. Before the end of the next decade, there is the very real possibility that many machines and robots will be able to see and interact with their environment, people and other visually intelligent devices.
Will companies be willing to make the huge R&D investment needed to make this happen? According to Weightman, “The innovative major corporations, such as Intel, IBM, Microsoft and Sony, are already making significant investment in intelligent video. This is encouraging many other companies to join the revolution. I think the momentum has already reached the point that these things will happen, the only question now is how quickly?”
In an effort to bring industries together to understand the opportunities and challenges that intelligent video will bring, IMS will be hosting the Intelligent Video 2010: A Revolution in Visually Intelligent Applications Conference in Los Angeles, CA on December 9th.
