According to the international research and advisory firm Gartner, about 20.4 billion Internet of Things (IoT) devices are expected to be installed worldwide by 2020. Besides, the total cost of consumer and business IoT devices by that time should reach about 3 trillion dollars. Duo to find out the huge potential of IoT in the future, Orbweb, the global leading provider of innovative video surveillance products and solutions, announced that it would work with Hikvision Digital Technology to accelerate the development of advanced IoT solution on June 1. Orbweb has invested heavily in machine learning (ML) and artificial intelligence (AI) R&D in recent years.
Orbweb will offer security encryption solutions, highly stable network connectivity and access to machine-to-machine (M2M) network services through Orbweb’s global data centres to Hikvision. Thanks to the combination of AI and the IoT this year, Orbweb anticipates that machine-learning algorithms will soon be available to help Hikvision improve its image/pattern-recognition technologies to a level of precision approximating the human eye. Besides, Orbweb tries its best to provide momentum to Hikvision on the advanced IoT product development and help Hikvision shorten the lunched time of its new smart products.
“It’s my honour to work with Hikvision and to witness together the change of advanced IoT technology. The investments in the research and development of machine-learning algorithms will help our clients to improve endpoint & edge device recognition algorithms for images/objects significantly in the future. It will achieve the creation of strong IoT applications based on machine learning and computer-vision algorithms,” said Tatsuki Tomita, Orbweb CEO.