Tag Archives: Vertical Sectors

Hanwha Techwin focuses on Top 5 Video Surveillance Trends for 2020

Hanwha Techwin, the supplier of IP and analogue video surveillance solutions, has put forward its Top 5 key trend predictions for the security industry in 2020. These include Artificial Intelligence end-to-end security solutions, cyber security, cloud-based data insights, privacy protection and vertical specialised solutions.

Artificial Intelligence End-to-End Security Solutions

As Artificial Intelligence becomes more broadly adopted across industries, it’s likely to be more widely incorporated in video surveillance in the upcoming year. Edge-based Artificial Intelligence (which filters and processes data locally on a camera) will be more ubiquitous, enabling end-to-end Artificial Intelligence technology.

Today, most security cameras send the data they collect to servers to be analysed. However, with edge-based Artificial Intelligence, the data is first analysed by the camera and subsequently sent to the server. This reduces the burden of transferring and storing large amounts of data to a server, thereby increasing efficiency, saving time and reducing server costs typically required to analyse data.

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In 2020, Hanwha Techwin will introduce edge-based Artificial Intelligence cameras, as well as Artificial Intelligence-powered NVRs and VMS so as to bring to market end-to-end (camera to storage server and VMS) Artificial Intelligence security solutions.

Cyber Security

With Internet of Things (IoT) devices becoming ubiquitous, the importance of cyber security has never been more prominent that it is today. Today’s cyber attacks are more intelligent and advanced than ever before, so building cyber-resilient security systems is no longer an option, but an imperative.

Smart Cities, factories, financial institutions and retailers require scaleable video surveillance solutions which are closely interconnected with other devices and networks, making the importance of cyber security paramount.

Strong cyber security has always been Hanwha Techwin’s priority and the company has been refining its technology to suit ince the beginning. The soon-to-be released Wisenet 7, the newest version of Hanwha Techwin’s own System on Chip, has been designed with the strongest cyber security features including a secure booting function and signed firmware for both software and hardware. Validated by the UL Cyber Security Assurance Program certification, Wisenet 7 ensures that end users have access to the industry’s most advanced cyber security features.

Cloud–Based Data Insight

According to IDC, the provider of IT-focused market intelligence, there will be about 175 zettabytes of data in the world by the year 2025, with much of it stored in the cloud and Data Centres around the world. At the same time, video surveillance solutions will go far beyond functioning as a simple monitoring tool to become an indispensable aid to organisations by providing useful insights that improve business operations.

The importance of accessible cloud-based servers that can easily store and analyse the accumulated data will also increase. Going beyond being an efficient storage repository, sophisticated analytics will use cloud processing to analyse the stored data and provide practical and timely insights. 

In 2020, Hanwha Techwin will introduce cloud-based solutions beginning with the Device Health Monitoring Cloud, which will monitor and manage video surveillance devices in real-time. The company will also introduce Retail Insight Cloud which is designed to facilitate store management.

Privacy Protection

Together with cyber security, Hanwha Techwin believes that the protection of personal data should be integral to the business ethics of a video surveillance company. By its very nature, the video data that’s collected for security purposes almost always contains private information. Therefore, protecting surveillance data is imperative.

Around the world, privacy protection laws are being introduced, such as the General Data Protection Regulation (GDPR) in Europe and the Federal Information Security Management Act in the US. The California Consumer Privacy Act is also set to come into effect in January 2020.

These laws will force the video surveillance industry to follow ‘privacy by design’ Best Practice and renew all efforts designed to protect personal data from misuse and abuse. Organisations are increasingly aware of the dangers of private data breaches and they’re becoming more discerning when choosing security products and solutions.

Hanwha Techwin provides a solution with Video Privacy Management technology and has released its Smart Cover of Privacy line-up to comply with the GDPR globally.

Vertical Specialised Solutions

Vertical markets in the security industry are increasingly requiring more specialised devices and solutions that meet unique requirements. With the emergence of the fourth industrial revolution, the presence of smart verticals will be more prominent and video surveillance companies must be ready to provide solutions for Smart Cities, factories, transportation and retail organisations.

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Soon Hong Ahn

Hanwha Techwin already provides products for these verticals and plans to expand its line-up of specialised solutions in the very near future to include asset management solutions with IoT technology.

“Advancement in technologies such as Artificial Intelligence, the IoT and the cloud will support new use cases in conjunction with existing devices and solutions to meet customers’ needs in various verticals, expanding the horizon of our industry,” said Hanwha Techwin’s president and CEO Soon Hong Ahn. “However, we must also be mindful of the social and ethical responsibility related to areas such as cyber security and private data protection. Sustained interest and investment in these areas must be regarded as an obligation to make sure our industry continues to thrive in the midst of rapid technological advancements.”

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Hanwha Techwin announces 2018 business plan featuring five core values

Hanwha Techwin has welcomed the New Year with a ceremony which took place at the company’s Pangyo R&D Centre. The ceremony offered an opportunity for the surveillance specialist to announce its business plan for 2018. 

At the first New Year meeting since his inauguration last August, Youn Chul Kim (president of Hanwha Techwin’s security business) explained that the company’s five core values (ie business ethics, a good product range, best quality, affordable price and cyber security) must form the basis of its business and operations going forward.

The 2018 business plan entails a greater focus on vertical-specific solutions. Building on the momentum created last year, the company will continue to plan and launch solution-specific products, while also pursuing a deeper understanding of the needs of each vertical sector in order to provide sustainable value for end users.

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Storage devices

The second key task for this year involves enhancing the technological competitiveness of the business’ storage solutions. Along with its world class security cameras, Hanwha Techwin plans to boost the competitiveness of its increasingly important back-end products, including storage devices and Video Management Software (VMS).

While emphasising the importance of customer value in the security business, Kim also underlined that the company will continue to fortify its efforts to build greater trust with its valued customers. The video surveillance business is directly relevant to public safety and the security of the individual. Securing customer confidence and trust will therefore fulfil the company’s responsibility as a leading global security company.

Fuel business growth

President Kim also announced the company’s global market strategy to fuel business growth. Noting the great potential of the video surveillance business in the Asian market, Hanwha Techwin opened a new subsidiary office in Dubai last year and plans to start a manufacturing plant in Vietnam during the first quarter of this year.

The company is also planning to strengthen its sales infrastructure through aggressive investment in the Asian and Middle Eastern markets to expand pre-sales and further broaden its market reach through building better relations with partners and clients.

The North American and European markets are expected to see accelerated sales growth through multiple projects involving Hanwha Techwin’s Wisenet X Series of cameras which was launched last year.

Responding to change 

“The global market changes so rapidly that it’s difficult to predict the management situation,” stated Kim. “We plan to lead the sector by smartly responding to changes in the environment through strategic scenario management. To secure key competitive advantages, we will make bold investments while strengthening performance management in each phase. We also plan to contribute to the growth of the security industry by collaborating with other companies in the sector.”

Hanwha Techwin earned praise last year for the global launch of its comprehensive Wisenet X Series cameras which feature the Wisenet 5 System on Chip which incorporates the company’s core technologies.

Indeed, Wisenet X was named ‘Best New Product of the Year’ by ADI Global Distribution, Europe’s largest provider of video surveillance solutions. It was also the winner of the video hardware category in the 2017 Benchmark Magazine Innovation Awards.

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