10 Benefits of Leveraging AI-powered Video Management System
Last Updated on October 1, 2021 by Team Wobot
The video management system (VMS) industry offers incredible benefits to all kinds of businesses. Gaining important actionable insights from VMS helps you make meaningful conclusions and make data-informed decisions. No wonder the VMS industry is projected to record a CAGR of 18.8% by 2025.
In this piece, let’s shed some light on what VMS is and how you get benefitted through VMS.
What is AI-powered Video Management System?
The video management system (VMS) is a modern and effective solution that helps businesses improve operational efficiency. Artificial intelligence makes the video management system smarter and offers actionable insights to make data-driven decisions.
Gaining insights from camera feed is known as video analytics. AI-powered VMS uses various technologies such as object detection, recognition, tracking, etc., to help companies ensure best practices and to find role models among the employees.
Businesses across industries use VMS to improve processes, increase efficiency and productivity. These industries include:
- Hospitality and Food Services
- Drive-thru & QSRs
Let‘s shed some light on some of the best benefits that businesses get by leveraging AI-powered VMS.
10 Incredible Advantages of Using AI-powered VMS
The first and essential benefit that VMS offers is increased operational efficiency. Installing CCTV cameras enabled with AI-based VMS helps you find anomalies in standard operating procedures and make decisions to simplify processes for better efficiency.
Implementing AI-powered VMS is economically friendly for businesses. Since the VMS doesn’t need to be implemented separately and merely uses the CCTV cameras’ feed, companies don’t need a specialized framework to leverage VMS. Instead, VMS acts as an add-on to already deployed CCTV cameras and adds a layer of artificial intelligence on top of the camera feed.
Plus, a cloud-based VMS comes with attractive monthly subscription plans which businesses can opt from, based on their requirements.
The next important thing that cloud-based VMS offers is the ability to monitor processes remotely in your comfort. As long as you have an active internet connection, you’ll continue to get real-time footage and gain actionable insights from it.
More importantly, it also allows you to view footage from any device. So be it a mobile phone, laptop, or desktop, you simply need to log in and start accessing your dashboard with the help of cloud functionality.
The role of artificial intelligence makes it easy for companies to gather actionable insights. This data plays a critical role in taking out meaningful inferences and make data-driven decisions.
Video analytics also allows you to get critical data points such as ensuring SOPs, identifying best practices to get work done efficiently and to keep the cost of non-compliance minimal. These insights help also help in ensuring cleanliness and hygiene and improve customer experience.
Security and Theft Protection
Having robust security at your business is of utmost importance. CCTV cameras offer high-quality footage and through Video Analytics, it can help identify theft and generate alerts that will improve situational awareness.
Improved Data Accessibility
Cloud-based, AI-enabled VMS helps you increase data accessibility across departments at your company. Cloud deployment makes it easy for any team member to access information and use it to improve processes.
Accidents can happen at any time. Having a robust disaster recovery mechanism helps businesses take measures in real-time and save from damage that may occur. In addition, actionable insights gained from VMS help you manage the disaster in a well-organized manner to have the minimum impact on your business.
Appropriate resource allocation helps you manage resources to their full potential. The data you gain from your VMS also enables you to get the most of your resources by making the proper use. Additionally, a VMS also allows you to prioritize your action items based on the actionable insights received.
In today’s modern age, it’s essential to leverage the power of the cloud since the benefits that you get from it are enormous. Cloud enables you to access your data and improve data flexibility with remote assistance. A cloud-based VMS offers the flexibility of storing video recordings as per business requirements which typically can be anywhere from 7 days to 30 days.
A robust video management system comes inbuilt with a specialized learning management system (LMS). LMS helps you train your teams to perform actions in the best way possible. Leveraging LMS allows you to augment your training efforts and increase the productivity of your team.
These are some of the significant benefits of leveraging AI-powered VMS. However, this is not all. VMS helps companies in various ways. VMS benefits businesses working in specific industries in their specialized areas and help them increase efficiency.
Video analytics always makes the entire process reliable and less redundant. It’s affordable and offers add-on ability over your existing infrastructure. It’s essential to go for a VMS that better suits your needs.
Here are some tips that will help you choose the VMS that will help you get maximum benefits.
Tips to Choose a Video Management Solution
- Opting for a cloud-based VMS offers robust remote assistance and makes your data accessible from anywhere.
- Ease of use should be one of the critical aspects while looking for a VMS solution. The easy-to-use interface helps your team to learn the nitty-gritty of the software quickly.
- It’s also essential that your software has modern features such as camera administration and management, video and audio recording, playback, search options, simultaneous viewing, workflow automation, and more.
- Modern cutting-edge technology like object tracking, person detection, and more help you get meaningful and actionable data.
- Your VMS system should also be flexible to add third-party integration. This helps add additional functionalities to your VMS and make it more powerful.
A VMS with AI-powered video analytics comes with great inherent value. If given a choice, organizations should go for a VMS which can generate real-time and intelligent insights and is able to unleash the true value of your cameras.
Implementing an AI-based video management system helps businesses with some fantastic benefits. Leverage the VMS like Wobot.ai and kickstart your journey to growth.