A Sneak-Peek Into The Domain Of Cognitive Technology
The governments and local administrations across the world are adjusting their focus on public safety and fraud prevention in recent times. Though the security industry has been employing technologies like that of surveillance cameras and other detectors, it needs manual monitoring for the purpose to be fulfilled.
This mandatory requirement of a human resource being dedicated to the technological systems is a critical issue, as human interference would also lead to human errors. Hence, the Security & Surveillance market looks upon advanced technologies such as cognitive intelligence and Artificial Intelligence that could help applications and systems automate repetitive tasks.
Cognitive-enabled AI systems help automate the organization’s monotonous tasks and assist in making real-time and insightful decisions, thereby protecting the public and personal assets, forecasts natural disasters, detect fraud, anomalies, and more. With AI-driven Cognitive systems, the government bodies, along with cities and public safety organizations, are empowered with predictive analysis and actionable insights generation. These benefits further prove beneficial in times of emergencies and fraud.
The Market Statistics:
When we talk about Cognitive services, we mean leveraging the leading-edge technologies like Machine Learning, Deep Learning, and NLP that could analyze the buying patterns and market trends, thereby enabling enterprises to develop applications capable of deciphering data in the form of images, audio, and video.
It comprehends from the patterns detected out of the internal and external enterprise environments sources and strives to lend purposeful insights from the huge volumes of structured and unstructured data. Enterprises that harness the benefits of Cognitive services and technology are provided with the benefit of such insights that facilitate them with analysis of threats and vulnerabilities prevailing in the market. Moreover, it helps companies in enabling continuous business improvements across all the business functions and operations.
This facet of cognitive technology has brought up the demand for cognitive services, thereby helping enterprises draft marketing plans, prevent network attacks, and reshape the operations model. As per the statistics displayed by the Markets and Markets, it could be rightly known that the global cognitive services market is all set to register the market value of USD 15.28 billion by 2023, rising at a CAGR of 42.6% during the forecast period.
The Driving Force Behind The Elevated Employment Of The Cognitive Services In The Present Times:
Cognitive technology and related services are capable of helping organizations aligning their core tasks/goals with business objectives. And this capability of Cognitive services is what stands to be the driving force behind the elevated employment of cognitive services in the present times.
Let’s understand this premise a bit in detail –
The major arena at which organizations adjust their focus is towards streamlining their business processes to achieve operational efficiencies and higher revenues. The ideal solution for this could be conveying improved products/services, enhanced business operations, and well-designed growth strategies.
Such options are provided by the Cognitive services, as they stand to offer a potential route helping businesses achieve these objectives via reducing the efforts required to work on repetitive tasks.
Here we present to you a pack of cognitive-enabled AI solutions aimed at fostering public safety and fraud prevention –
Emergency Management Solution:
Cognitive-based AI technology is capable of satiating disaster or emergency needs by helping the security staff to respond with great agility and flexibility. It does the same by employing advanced technologies such as AI-driven image recognition, speech-to-text, text analytics, and more. Hence, helping companies predict damage and risk, ultimately empowering them to define their business activities accordingly.
License Plate Recognition (LPR) Solution:
Cognitive-enabled AI applications provide great value to License Plate Recognition (LPR) Solution by empowering public parking lots and garages with OCR (optical character recognition) technology that could automatically scan the vehicle number plates, thereby tracking the movements of vehicles. Hence, helping to reduce unauthorized access in public parking spaces, damage of property, and detect fraud as well as theft when it occurs.
Cognitive-Behavioral Biometrics Solution:
Real-time cognitive fraud detection is an emerging solution being highly adopted by modern banks and similar institutions looking forward to incorporating behavioral biometrics, analytics, and machine learning. Such techniques employ cognitive technology by analyzing users’ mouse gestures, understands delicate mouse movements, and delivers actionable risk recommendations. Hence, proving useful to organizations by maximizing detection of frauds, reducing false positives, and optimizing strong authentication.
Suspicious Movement Analysis Solution:
Nowadays, cognitive technology is making its presence felt even in the domain of security & surveillance with video analytics applications. Being integrated with an emotion recognition system, video analytics is empowered to detect everything right from any suspicious activity and human behavior to mood, personality, and human communication. This trait further helps prevent mishaps such as bank robbery, terrorist attacks, hooliganism, theft, and more.
Fire Alert Solution:
Smoke detectors and CCTVs that could detect smoke and fire in public places are being made more advanced with cognitive-enabled video analytics systems. Such systems, unlike conventional detectors, could detect the rising temperature of a location with the help of thermal imaging cameras. Hence, responding to flames and smoke even before the fire has already spread and helping in safeguarding assets and lives from fire.
These were a few of the significant applications being widely adopted by companies across the globe. There are more use-cases that could be considered and even more that are formed each passing day with the rising need for advancement in almost any and every industry.
The Final Say
Over the passing times, it has been witnessed that great predictions are being formed, and damage and risks are being analyzed and assessed… All thanks to the integration of Artificial Intelligence and Cognitive Technologies. The security & Surveillance industry seeks systems and techniques that provide for robust prevention and detection. The AI-powered cognitive solutions stand true to providing capabilities like face recognition, video analytics, emotion detection, text analytics, speech-to-text, and content moderation. We, at Teksun Inc, assist clients in developing cognitive-enabled applications integrated with AI capabilities for public safety and fraud prevention. Connect with us today to take your project forward!
