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AI – risks and rewards The PSI Panel returns this month with a look at the rapid adoption of AI technology in the security sector. Do you have any concerns about the use of AI in systems designed to protect people and property?
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n just three years, the global AI industry has more than doubled, reaching a $240bn value and a quarter of a billion users worldwide. From healthcare and retail to manufacturing, stock trading, and social media, companies continue adopting AI solutions to improve their efficiency, decision-making, and user experience and gain a competitive edge. At the same time, a surge in investments in AI technologies and startups by both private and public sectors shows the interest in the industry remains strong. According to data from AltIndex.com the global AI market is set to continue growing by a CAGR of 17% in the next four years and hit more than $500bn in value by 2027. But as the technology is adopted across the security sector, specifically for improving surveillance analytics and monitoring benefits, should we have any concerns about the rapidity of its growth? We asked experts from across the industry for their thoughts on the rise of the learning machines:
Dave Tate – Ajax Systems Embracing AI in the security sector is a crucial aspect of contemporary technological advancements, and it is important to stay updated with the latest innovations in this realm. For instance, our cameras leverage AI-powered object recognition for efficient event recording and reduced storage usage. This helps the surveillance system record only important events, like someone coming into a room or a car going through a parking lot. One of the key reasons why security installers should offer AI solutions to their clients lies in the increased level of automation and threat response. Artificial intelligence can analyse large volumes of data in real-time, identify anomalies, reduce false alarms, and
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predict potential threats, ensuring a more prompt and efficient response to potential dangers. The use of AI in the security industry will continue to evolve, providing many benefits including speed and operational efficiencies. It is also important to recognise and understand the potential negative impact of AI technology to ensure an ethical, relevant, transparent, nondiscriminatory and responsible implementation.
Mark Wall – Wall2Wall Group The integration of AI in the security sector presents a mix of concerns and excitement, reflecting the fast-evolving nature of our industry and the technology we use on a day-to-day basis. AI, especially when considered with IoT and interconnected systems, has the transformative potential to enhance efficiency, accuracy, and overall effectiveness. It enables advanced analytics, real-time data processing, and the ability to identify patterns and anomalies. It can facilitate a more proactive and responsive approach to security threats, leading to improved safety, risk mitigation and a stronger security position. The added advantage is AI systems can learn from experiences, continuously improving performances. This adaptability means security measures remain effective in the face of changing threat landscapes, providing customers with a future-proof solution. Whilst some may see this as a threat, this ability can counter the increasingly sophisticated methods of crime. The ability to stay at least one step ahead is crucial to enhancing the capacity to detect and prevent. At the same time support capture with responsible authoritative use to avoid repeat occurrences. The legitimate concern is about the potential misuse or unintended consequences of AI in security. We identify that with AI technology comes great responsibility and as an industry, we have a duty of care to manage the process and identify issues related to privacy, ethical considerations, and the potential for bias in AI algorithms.
“We identify that with AI technology comes great responsibility and as an industry, we have a duty of care to manage the process and identify issues related to privacy, ethical considerations”
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