Growing Importance of Video Analytics for Financial Institutions

by Seller Ben Buisness

The world is getting more and more digital, whether you like it or not. Because of this, every day more and more data is collected and kept. Real-time video analytics help us figure out what all this info means.

It's not enough to just have a regular video surveillance device. Police departments are beginning to use Video Analytics for Traffic Monitoring to stop crimes.

Not only this, Video Analytics for Retail Business has also gained importance as helps stores are also using video analytics to cut down on theft, and city councils are using it to make traffic move better.

Video tracking tools use three different kinds of video algorithms:

· Fixed algorithm analytics

· Facial recognition systems

· Artificial intelligence learning algorithms

Basically, the first two plans are meant to do the same thing. They try to see if there is anything unwanted or suspicious happening in the video camera's field of view and then tell the person running the computer about it. However, each one takes a different road to get to its end. Fixed algorithm analytics, for instance, use an algorithm that was already coded and doesn't change unless the programme itself is changed by a security system administrator or engineer.

On the other hand, artificial intelligence learning algorithms are adaptive, which means that they learn from their surroundings on their own, as long as their creators set certain limits. So, over time, these solutions get better at helping system administrators find suspicious behaviour.

There are different from other types of intelligent video analysis software because they use special computer vision techniques to compare images in the camera's field of view with known photos or videos that have been marked as possible threats.

The first two are best for Video Analytics for Financial Institutions as it recognises faces. It can be useful on dating sites where people post personal pictures. Users can then find out if the person they want to date has been married before or if they have been on a lot of dates. Video security systems at some banks also let customers place checks while the transaction is going on. The systems watch the customers and record what they do.

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