Chandni SharmaAI-Based Video Analytics Making Supply Chains Smarter
AI-Based Video Analytics Making Supply Chains Smarter: Over the years, businesses have adopted artificial intelligence (AI)-powered video analytics. These advancements have transformed various industries. The IHS Markit Video Surveillance Intelligence Service shows that the global professional video surveillance equipment market revenue grew from $18.2 billion in 2018 to $19.9 billion in 2019.
Enhancing Inventory Management with Video Analytics
Video analytics is becoming essential for managing inventory. Businesses often face issues like theft or damage during transit or while goods are stored in warehouses. To address these challenges, companies are deploying CCTV cameras with video analytics. These cameras track and detect suspicious activities, sending alerts to servers. Supply chain managers can act quickly to maintain the flow of products.
Ensuring Safety with Video Analytics During COVID-19
During the COVID-19 pandemic, businesses have increased safety measures. Video analytics plays a vital role in monitoring compliance with these measures. CCTV cameras equipped with AI track the movement of people. They ensure that people follow social distancing and wear masks. If anyone violates these rules, the system automatically sends alerts, enabling quick intervention.
Improving Road Transport Efficiency
Video analytics also benefits road transport. When goods are moved in bulk, video analytics tracks truck usage patterns. It monitors loading and unloading activities, as well as the truck’s capacity. This helps supply chain managers keep an eye on fleet productivity. The system also tracks important KPIs such as facial recognition and driver wellness to improve supply chain management.
Benefits of AI-Based Video Analytics
Advancements in AI-based video analytics offer many exciting opportunities for businesses. The technology not only increases visibility and transparency but also ensures safety, quality, timeliness, and productivity. By integrating seamlessly with existing video infrastructure, businesses can optimize supply chains. This boosts customer satisfaction and improves business profits. Isn’t this disruptive? Yes, it is!
Learn More About AI-Based Video Analytics
I hope you enjoyed reading about AI-based video analytics and its role in making supply chains smarter. To learn more, visit HawksCode and Easyshiksha.
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