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PSIFebruary2017

NEWS EXTRA (continued

NEWS EXTRA (continued from previous page) were surprised to find that the company had an Indian subsidiary; four people providing a new sales and support channel for us in a part of the world we had wanted to target for Veracity. Will customers of icomply notice any difference? Customers shouldn't notice any differences apart from the odd new face turning up at meetings. They should also notice more updates (on a regular basis) and more support. Customers in the UK should see improvements in performance, presentation and documentation. The team at icomply had lots of ideas of things they wanted to do, but just didn't have the time to achieve - we hope to be able to enable them to take these ideas forward. I think the company has a tremendous potential to expand, so we will keep the icomply name in the UK and India and in other territories such as the US we will have the Veracity brand “I think we will absorb the acquisition and focus on getting that right first. My view of getting it right is a light touch” for the combined product. Our team in the US is keen to get to know the product and to deliver the solution under the Veracity brand. What does this mean for Veracity? Are you looking at more acquisitions? I think we will absorb the icomply acquisition and focus on getting that right first. My view of getting it right is a light touch - I don't want to impose things upon the team, but on the management side we will start to assist them. As for other acquisitions, if a similar opportunity turned up we would certainly look at it, but icomply was a particular opportunity where we had known them before and had already recognised the potential in having full control of our own front end. In the lower and mid-range end of the market there is a bit of a race to the bottom going on at the moment and we don't want to be part of that as we have more specialised products. When it came to the technology it was either a case of developing it ourselves or acquiring so this was not a difficult decision to make once the opportunity presented itself. ARE YOU MISSING SOMETHING? @securitydrum follow PSI on Twitter for news, views & comment

ANALYTICS Going beyond surveillance You can do much more with cameras these days than just look for security and fire related events. PSI catches up with Scott Brothers, Vice President of Corporate Development at Oncam to talk about the applications of smart video technology Recent estimates have suggested that the impact of applications of the Internet of Things (IoT) could be worth up to $11.1 trillion by 2025. Alongside this, a third of businesses in the UK believe it is already having a major impact upon their business, with another third expecting it to soon. While most understand the fundamental concept of the Internet of Things; the use of sensors and interconnectivity allowing users to track physical changes through a digital platform - and recognise its potential - they are not aware of the vast variety of sensors now hitting the market and the amount of data these sensors will be analysing. “Video surveillance, of a kind, comes as a given in nearly all public spaces today,” says Scott Brothers. “Despite this, the technology has remained almost entirely stagnant for the past twenty years, and usually represents a simple tick-box must-have when it comes to security. With interconnected sensors and data analytics, however the applications of video sensors are opening up and becoming an integral part of business analytics. 360-degree video in conjunction with cloud computing and real time data analysis that can be pushed out to thousands of devices across mobile or desktop, are driving this change. Furthermore, the costs of installing these devices are often much lower than many expect, with the only barrier to entry being a broadband connection while the heavyprocessing takes place off site.” The typical security applications of such technology do remain, and can be built upon. Spaces can be monitored - but smart cameras can not only monitor but also notify, automatically pushing alerts should someone enter an off limits 360-degree video in conjunction with cloud computing and real time data analysis that can be pushed out to thousands of devices across mobile or desktop, are driving a change www.psimagazine.co.uk 37

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