Iveda Unveils the Magic of IvedaAI™: An Industry First in Human-Like, Compute-Efficient AI Video Analytics
15 November 2024 - 12:30AM
Business Wire
Iveda® (NASDAQ: IVDA) today announces the future of video
analytics technology with IvedaAI™, delivering an intuitive,
human-like AI experience that is nothing short of magic. Building
on over two decades of innovation in video surveillance, machine
learning, and AI, updates to IvedaAI will usher in a new era of
ground-breaking video intelligence.
IvedaAI combines core object recognition models with
proprietary, tuned Large Language and Vision Language Models (LLMs
and VLMs) to unlock near-limitless possibilities for complex video
detection, search and alerts.
“Like magic, IvedaAI is both extraordinarily scalable and
cost-efficient.” said David Ly, CEO of Iveda, “Others may attempt
to apply open AI models to video analytics. IvedaAI stands alone in
combining accurate object-based models with tuned generative AI to
provide unmatched accuracy across a boundless array of security,
safety and operational applications. We embed this next generation
video intelligence in a compute efficient architecture that
translates to the most robust offering at the lowest cost
possible.”
The next era of IvedaAI will be available in beta this January
2025 with full roll-out following in Spring 2025. This update
redefines ease of use with a conversational virtual assistant and
platform intelligence that will automatically discover cameras, map
them to the VMS, and automatically configure analytics functions
with a new smart scene scan. This automated intelligence enables
accelerated deployment at thousand-camera plus scale for smart city
and large-scale operational deployments.
"AI has been at the heart of IvedaAI since its inception in
2015—long before it became the industry trend,” said Richard Tsay,
Director of Product Development at Iveda. “Our engineering team has
achieved something truly magical, creating a platform that balances
compute efficiency with the power of generative AI. We continue to
stay ahead of the curve, delivering a solution that is robust,
feature-rich, and adaptable across environments—from cloud and edge
devices to Kubernetes and SaaS. IvedaAI is the most intelligent,
flexible and cost-effective solution available today.”
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.”
IvedaAI’s orchestrated video intelligence eliminates the need to
train new models for unique applications, detecting behaviors as
diverse as livestock tracking to materials inspection to process or
inventory monitoring. This adaptability continues to redefine how
cities and organizations can leverage AI.
IvedaAI™ is here to redefine what AI can do for you. Inquire
about the beta at sales@iveda.com.
About Iveda Solutions®
Iveda (NASDAQ:IVDA) is the provider of global solutions for
cloud-based, video AI search and surveillance technologies that
protect the people, places, and things that matter the most.
Iveda’s technology has the power to provide instant intelligence to
existing infrastructure, enabling cities and organizations around
the world to seamlessly enter the fifth industrial revolution.
Iveda operates at the forefront of digital transformation of cities
across the world, using IoT platforms with smart sensors and
devices developed to aid with use cases surrounding public safety,
security, elderly care, energy efficiency, and environment
preservation. Headquartered in Mesa, Arizona, with a subsidiary in
Taiwan, Iveda is publicly traded under the ticker symbol
“IVDA”.
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