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MARKET IMPACTS
1 The Security of AI
According to the Security Industry Association's 2024 Security Megatrends report, AI is the overarching megatrend, claiming the top four trend spots But the specific megatrend that must be focused on is the security of AI.
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Generative AI
Visual Intelligence
The camera has become the ultimate sensor, the report said AI is permanently transforming the value proposition of video surveillance It is now referred to as "visual intelligence" rather than just video surveillance
As these technologies advance, the security industry is expected to evolve in three main areas. First, large language models will be integrated into security systems Second, generative AI will be used for content creation Third, generative AI will be employed to address business operational challenges
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The Regulation of AI
AI will transform the security industry, with forthcoming regulations ensuring trust, transparency, and data privacy. These regulations are expected to accelerate AI technology development, requiring greater compliance and openness about algorithms
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Expansion and Evolution of ROI
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Today, this trend encompasses all the former megatrend elements and highlights how security solutions are providing business value beyond core security needs. Essentially, it is the parent trend driving AI's transformation of video surveillance into visual intelligence
SaaS Business Model
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With the market shifting towards security-as-a-service and managed services models, changes are on the horizon The traditional model of building out hardware, wiring, and on-premises solutions will give way to a model where solutions are sold as subscriptions tied to business outcomes