Computer vision towards a new-age business

Our visual cortex is one of the primary entry points for our perception of the world into our conscious mind. Embedding such a functionality into a machine lets you develop a system that is intuitive and self-evolving and which interacts with the real world with near-human level cognition. This is currently achieved through the field of computer vision which integrates the concepts of image processing with Artificial Intelligence (AI)

Computer Vision has proliferated across industries since its first significant breakthrough at the University of Toronto in 2012.  It essentially gives machines the ability to interpret data received and classify what it “sees”. It is a revolutionary Artificial Intelligence element with which computers process digital data – images or videos to gather high-level information. Machine Learning when integrated with computer vision, will help achieve the near-human level cognition mentioned earlier.

Business Benefits with Computer Vision

The concept of computer vision was introduced in the 1970s, though only in recent years did it started to impact business. Multinational companies that started using computer vision solutions in their business have reflected improved efficiency and greater transparency in processes. It is very versatile in nature which allows it to be compatible across industries and demographics despite its size, budget or resource capabilities. Even though it has many applications in document scanning, video surveillance systems, augmented reality and robotics, it is most powerful when used in conjunction with other technologies.

Let’s take a closer look at what this technology can do to transform your business.

Document Digitisation

Digitizing documents in a company will allow users to gather valuable insights that are hidden in the data. In addition to that, having documents in digital form would also facilitate easy storage, management and retrieval of data.

A software enhanced with Optical Character Recognition (OCR) will transform the data in any document into a machine-readable format. OCR is a branch of Computer Vision that enables a computer to recognize letters in a scanned document. OCR technology can be implemented in any organization, regardless of their domain. It is most often used in document-intensive fields like healthcare, insurance, law, banking and finance sectors.

Real-time Video Surveillance

Computer Vision is invaluable for organizations that are tasked with ensuring safety and security in public places. The system is capable of gathering and detecting visual data from cameras set in public areas and helping law enforcement officials identify suspects and attain a greater level of control. A computer vision enabled software analyzes video streams on a real-time basis and recognizes the objects and people around. With an ever-growing need for surveillance, computer vision can help create a nationwide surveillance network with an enhanced facial recognition that can monitor persons of interest through public cameras, as well as through their smart devices at home.

In addition to helping law enforcement, computer vision can be used by companies and government institutions to provide enhanced video surveillance to keep track of individuals’ entry and exit. A similar system can be scaled to incorporate facial recognition feature as well. This would help you to conveniently check for people who enter a building along with the time.

Healthcare Management

Used in combination with Machine Learning and Artificial Intelligence, Computer Vision can have a significant impact on the healthcare industry. For starters, it can digitize patient records and make it all available at the physician’s fingertips at any time. If any recommendations need to be made based on the data in the records, computer vision can do the same. In addition to that, it can facilitate micro-level analysis of cells, tissues and organs from medical imaging towards more precise disease detection and diagnosis.

Computer vision technology has immense potential to disrupt the future. It equips computers to do cognitive tasks such as learning, reasoning, decision-making and natural language processing which was intrinsic to humans. It enables computers to receive, analyze and decide upon visual data from sensor devices and detectors. In order for your business to surf the digital wave without faltering, implementing a powerful AI solution like Computer Vision is the key.