Eagle Eye Networks has released a new blog detailing how AI surveillance can save businesses money in the day-to-day running of businesses, everything from false alarms, IT infrastructure and payroll, to monitoring traffic in stores and compliance fees.
Artificial intelligence (AI) is a modern marvel, living at the cutting edge of technology. It’s being applied in a wide range of capacities now, such as generating text and images online, providing voices, monitoring concerts, and even helping to run the recent Paris Olympics.
Beyond all this, though, AI can also save you money in the day-to-day running of your business. Today, AI can save your business cash in some of the following areas: false alarms, IT infrastructure and payroll, suspicious transactions, monitoring traffic in your stores, and compliance fees.
And the good news is that AI functionality is available right now, with select cloud-based security vendors’ systems. Take a look at the cost savings built into AI:
Save on unnecessary alerts to your central monitoring station or staff. Up to 90% of motion alerts on video are false alarms. Each alarm that goes to a monitoring station like Immix costs you — but AI can help. By filtering out stray cats and errant tree branches, it reduces the number of alerts sent out. This saves you on a per-alert basis, whether you’re using a central monitoring station or sending out your security staff on a genuine mission rather than a wild goose chase.
Maintain a smaller IT infrastructure. Available through regular cloud syncs with your cloud video management system (VMS), AI is automatically updated, keeping you at the forefront of technology. No need for cumbersome servers and racks and the requisite headcount to maintain that equipment. You also save on cooling devices and physical space needed for that infrastructure.
Small server 1 – 5 Ways AI surveillance can save your business money right away
Eliminate suspicious transactions at your cash register. Some vendors offer specific point of sale (PoS) packages to deal with the headache of mistakes at checkout. The upcoming Eagle Eye Point of Sale (PoS) Package integrates video surveillance with PoS software. This helps identify suspicious transactions, improve training, and offer complete visibility over customer service. A point of sale package with your VMS saves you money because it catches key financial errors and repetitive mistakes made by staff.
Busy register – 5 Ways AI surveillance can save your business money right away
AI helps you with crowd control, which keeps your customers happy. With advanced AI and analytics, you can monitor the length of the line at your cash registers or crowding in areas like fitting rooms. Receiving an alert when a line crosses an invisible threshold notifies you that you need more staff at the registers – so you don’t lose out on sales. You don’t want impatient, frustrated customers walking out rather than buying.
Eliminate avoidable compliance fees. Your business may be in a highly regulated industry, ranging from healthcare to construction to warehouse loading. Missing hardhats, incorrect uniforms, or misplaced pallets could cost you dearly in regulatory fees. AI sending you alerts notifying you if any of these compliance items are amiss, nipping issues in the bud and saving you on fees.
Video security featuring advanced AI is a necessity, not a nice-to-have, if you want to stay on top of your business. The budgetary advantages stretch far and wide, from cost-saving alerts to happy customers.
Eagle Eye Networks offers state-of-the-art AI to keep your business humming along smoothly. This technology is continuously uploaded to your system thanks to the cloud. To learn more about how we can advance your technology and save you money, contact us for a personalised demo.
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