Edge AI for Video Surveillance System
While several applications for computer vision, few are as time-sensitive as safety and security. When a computer vision system detects a possible risk to your company, you must act quickly and decisively.
It means that speed is of the essence for security video analytics. Unfortunately, many computer vision systems are too sluggish to provide real-time analysis. Therefore, instead of processing the acquired images or video locally, they send it to a cloud-based machine with a higher processing capacity. Large-scale deployment of computer vision for safety and security AI is hampered by latency difficulties (waiting for data to be uploaded and processed).
As a result, Edge Artificial Intelligence is becoming increasingly important in security video analytics. Edge computing is a data processing paradigm in which data is processed on "edge" devices that are physically close to the original capture site rather than on cloud servers.
Edge AI in Video Analytics and Surveillance Systems
Edge AI in the Retail Industry
Retail stores face very tough competition from e-commerce. Also, the COVID-19 situation has shifted most buyers from retail stores to e-commerce.
The customer benefits from a better in-store experience using Edge AI, including a walk of a simplified, easy-to-navigate shop, a "Just Walk Out" automatic checkout with no lines, and tailored offers and functions. It's comparable to online shopping but with the bonus of being able to feel and touch the merchandise. Customers may also have the option of shopping in-store and ordering delivery or in-store pickup and connecting to online resources for navigation, extra information, customization, digital try-ons, and more while in-store.
Just Walk Out Stores
Pick-and-pay or pick-and-go stores are sometimes known as just-walk-out stores. These are usually small convenience stores where consumers can use their phones to enter, select the things they want, and, as the name implies, walk out. Cameras are used in these systems, occasionally combined with additional sensors.
Smart shopping Carts
The cart records the inserted (or removed) items and allows for in-cart payment through a mobile app. A smart camera serves as the central sensor and recognizes products placed in the cart. Pressure sensors are added to the bottom of some carts to cross-reference weight data with visual input, interact with the shopping cart, and install a smartphone app or an on-cart touchscreen.
Intelligent Checkouts
A counter or gate near a business's exits that optically scans the products in a shopper's cart, basket, or conveyor belt. The smart camera detects and recognizes the products and the purchase is billed using a POS system or a mobile app.
Edge AI is a powerful tool for retailers looking to improve their surveillance capabilities and reduce costs. Taken From Article, Retail Surveillance Using Edge AI
Edge AI for Banking and Financial Services
Edge Artificial Intelligence use cases for the finance and banking sector are listed below:
Enhancing Customer Engagement
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Traditional customer engagement in retail banking often relies on static ads for financial products in physical locations, lacking advanced targeting beyond basic customer segmentation.
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Digital banking has limited targeted advertising, as client segmentation is generally not very refined.
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Banks aim to combine the flexibility of cloud computing (quick updates to ads) with the benefits of localized computing (real-time personalized ad adjustments).
Personalized Financial Product Promotion
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Edge AI enables retail banks to offer highly personalized customer engagement by promoting relevant financial products and services at an individual level.
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For example, HSBC uses SoftBank's Pepper robot in select US branches to enhance customer interaction. The robot utilizes natural language processing to understand and respond to customer inquiries, even recognizing basic human emotions.
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This requires processing vast amounts of data with low latency, a task suited to edge computing solutions.
Efficient Resource Management
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While major branches may have the infrastructure to host servers on-site, most branches can benefit from shifting these requirements to edge locations, where processing can be done more cost-effectively.
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Edge computing allows banks to optimize resources and provide advanced services without incurring high costs associated with on-site infrastructure.
Conclusion
Though Edge AI is still in its early stages of research, it is gaining traction in various industries. It could be used in various industries, including driverless vehicles, smart cities, industrial manufacturing, healthcare, and financial services. It can also be used in artificial intelligence virtual assistants and augmented reality gadgets. Edge and cloud technologies must cooperate. Companies will see the necessity of the edge and cloud operating in harmony to drive intelligent business decisions as they embrace digital transformation, Smart Manufacturing, and all of the advanced use cases that these efforts bring.
- Explore the Top 5 Edge Computing Platforms
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