[News] 14 Nov 2024 – Traditional video analytics systems often struggle with scalability and cost-effectiveness, limiting their application across various industries. Addressing this challenge, Iveda has introduced IvedaAI™, a groundbreaking solution that combines advanced object recognition with proprietary Large Language and Vision Language Models (LLMs and VLMs). This integration enables complex video detection, search, and alerts with unprecedented accuracy and efficiency.
Set to enter beta in January 2025 and fully launch by Spring 2025, IvedaAI™ aims to redefine user experience through a conversational virtual assistant and intelligent platform features. The system will automatically discover cameras, map them to the Video Management System (VMS), and configure analytics functions via a smart scene scan. This automation facilitates rapid deployment, even in large-scale operations like smart cities and educational campuses. According to David Ly, CEO of Iveda, the platform offers “extraordinarily scalable and cost-efficient” solutions, positioning IvedaAI™ as a leader in the AI video analytics industry.
IvedaAI Transforms Smart Cities, Educational Campuses, Retail, and More
- Smart Cities: IvedaAI helps cities monitor traffic and enhance safety, with rich accident detection and intersection, freeway and traffic data, to improve traffic flow, increase road safety, reduce the liability burden, reduce traffic analysis costs and speed up emergency response.
- Educational Campuses: IvedaAI boosts school security with advanced detection that distinguishes between events (like a pep rally vs. a fight), minimizes false alarms, and offers genAI-boosted weapon detection to keep students and staff safe.
- Retail: IvedaAI’s user-friendly interface to track inventory and retail operations, study store traffic patterns, and allow staff to set up custom security alerts with an intuitive chat interface, such as “person in a red hoodie and black jeans with a blue tote bag lingering at the entrance.”
About the Company
Iveda® (NASDAQ: IVDA) has been at the forefront of video surveillance, machine learning, and AI innovation for over two decades. The company’s latest product, IvedaAI™, exemplifies its commitment to delivering advanced, compute-efficient AI solutions across various sectors.
Contact Information
For more information, please visit Iveda’s official website.
Source Press Release: https://iveda.com/iveda-unveils-the-magic-of-ivedaai-an-industry-first-in-human-like-compute-efficient-ai-video-analytics/