Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the Think Tank.
The following experts collectively brainstormed to craft these transformative perspectives MUGUNDHAN DEENADAYALANGrowth Expert and Senior Industry Analyst at Frost & Sullivan
DAVID RIORDANEVP at LytxKRISHNA CHAITHANYA BATHALAGrowth Expert and Program Manager at Frost & Sullivan
Today’s original equipment manufacturers (OEMs) and aftermarket players are actively exploring the potential of video safety systems, harnessing artificial intelligence (AI) to improve risk detection, driver monitoring, and enhance Advanced Driver Assistance Systems (ADAS).
The integration of AI and machine learning into video safety systems presents a remarkable opportunity for data collection and advanced insights. This data can be harnessed for automated decision-making and to enhance your solution. Visionary industry players are actively developing highly accurate data collection algorithms.
The future of the industry envisions unified hardware solutions that respond to evolving customer preferences for convenience and simplicity while minimizing the use of multiple dashboards. Currently, separate hardware modules are employed for various solutions, increasing costs for customers.
OEMs are keen on simplifying purchase, installation, invoicing, and data sharing with third-party providers. This creates an opportunity for strategic partnerships to offer more cohesive solutions, particularly by harnessing open telematics, open AI and other open-source platforms.
The future of video safety will revolve around 360° multi-camera systems, with AI as the foundation. This innovation will support high-security industries and use-cases, such as hazmat and pharmaceuticals. Additionally, it will benefit larger trucks that cover extensive surface areas, guaranteeing 100% protection.
Many countries, especially those in Europe, impose stringent regulations on the placement and recording of dash cams. Hence, regional strategists are addressing these regulatory challenges by first mapping out regional variations and then modifying solutions accordingly.
Fleets don’t just use one OEM. And,so, one of the ways to get a unified [video safety] solution is to have every OEM integrate with a telematics provider, so that you can provide that holistic solution back to the end-user.”