International. Milestone Systems will increase innovation capacity by 45 percent by fiscal year 2019 and deliver on its promise to develop unique innovations that meet future market demands in six key areas of long-term innovation. These investments in innovation will be carried out in multiple locations between Copenhagen, Sofia and Barcelona.
The objectives of this investment are to increase the ability to develop disruptive innovations within a deep integration of controllers, advanced rendering, IoT and metadata sources, online services, advanced data management and the Platform Software Development Kit (SDK). ) of Milestone Systems. The results will accelerate the milestone system's leadership position by enabling video and data processing from solution partners using neural networks, deep learning, and AI technologies.
"Market trends are changing at a rapid pace towards device aggregation, artificial intelligence and increasing visual intelligence. We believe that by increasing our development capacity in these areas of disruptive innovation, Milestone Systems will be able to offer our partners new market growth opportunities," said President and CEO, Lars Thinggaard of Milestone Systems.
Innovation beyond security
According to the World Economic Forum, more than one billion sensors will be connected to the Internet by 2022. Along with the development of these market trends, the demands for intelligent solutions and machine learning technologies are increasing. Executives expect the Internet of Things (IoT) and artificial intelligence to drive the biggest change; 73% say they are investing in IoT and 54% in AI (PwC Global Digital IQ Survey). As part of the long-term innovation investment, Milestone Systems will partner with leading technology companies in developing Imaging of Things frameworks to connect, aggregate and secure the ecosystem of IoT devices and frameworks.
"Milestone Systems wants to be part of every video facility in the world, and we must be able to offer the most innovative video technology platform that enables our partners to address the wide range of challenges facing our end customers. Driving our technology beyond safety in areas such as smart buildings and cities where our video technology can play a vital role," says Chief Technology Officer Bjørn Skou Eilertsen, Milestone Systems.
