8 Benefits of AI Video Analytics in Manufacturing. Find out how AI video analytics can help improve your manufacturing process. From increased efficiency to better product quality, read on to see the benefits of this innovative technology.
Manufacturers need to have the right resources in place so that they can protect themselves against theft and other types of unwanted activities that impact business operations. Video surveillance is a great way to keep tabs on what’s happening around the premises, but it can be difficult for human workers to monitor all of the cameras at once.
That’s where AI-enabled video analytics can come into play and help make factories more secure. This blog post highlights five benefits of using AI video analytics software in manufacturing.
Video Surveillance Systems in the Manufacturing Industry
Employee theft has most likely happened to every company at some point. In fact, 95% of businesses admit to having experienced employee theft in one form or another.
You might think a few missing pieces of inventory isn’t going to make a big difference, but you’ll be surprised to know that one-third of bankruptcies filed by businesses in the US are actually caused by employee theft. And if we are to round up the numbers, it is a staggering $50 billion annually.
It’s difficult to imagine, and you might think that this will never happen to your company. However, without the right security strategy in place, your company could be the next.
Manufacturers are prime targets for theft. And for this reason, it is important to have security systems and software in place to protect your company’s assets and protect your business from going under.
Top 8 Benefits of Video Analytics in Manufacturing:
1. Reduce the Risk of Theft and Other Illegal Activities
Aside from protecting your company’s assets, installing video surveillance software and setting up security systems, in general, will also protect you against theft. A lot of manufacturers that use such types of software have experienced a drop in theft incidents by as much as 30-60%, while others even went down to zero.
AI analytics when integrated with existing security cameras can help your team keep track of all the equipment and machinery on-site so that no assets go missing or get stolen over time. This ensures a higher degree of safety for everyone who works there as well as less production downtime due to theft or damage.
AI for video analytics is breaking through manufacturing units, supply chains, workplaces, and retail outlets to automate and reinforce critical operations.
With extensive experience in deploying AI development services for video analytics, Oodles AI discusses how enterprises can deploy video analytics to scale operations across verticals.
In addition to deep video analytics, our offerings encompass natural language processinAI for Video Analyticsg (NLP), recommendation engines, predictive analytics, and chatbot development services.
