SAN FRANCISCO–()–Al Shipp, CEO of leading video intelligence company 3VR, shared his vision of what the future holds as video intelligence technology comes of age in his keynote address at DataWeek 2012. In a presentation titled “Minority Report: No, Not the Future Anymore”, Shipp described how video intelligence tied to big data analytics will be a game changer across industries from retail to banking to crime prevention. He also discussed the vision behind 3VR’s CrimeDex, an online community of thousands of loss prevention and law enforcement professionals.
“Companies can harness all of this unstructured data for making smarter business decisions.”
DataWeek 2012 is San Francisco’s largest convergence of Big Data, Social Data, and Cloud Data industry professionals, featuring over 200 speakers from companies such as Google, LinkedIn, Pandora, Facebook, IBM, VMware, Netflix and Amazon.
Shipp shared stories from everyday situations in the retail and hospitality industry to illustrate how video intelligence can transform the consumer experience. Shipp said a retail store system can now determine a buyer’s interests based on images captured almost as they walk into the store, and hotel staff can recognize and greet guests by name, and know their preferences even before asking for their identity cards.
Shipp highlighted how eventually this will help companies make better decisions.
“In the universe of big data, everyone is talking about structured data, and a few are talking about unstructured data but no one is talking about how unstructured data can be really leveraged. Video data has the lion’s share in big data, is unstructured data, and is in front of us. It is the elephant in the room that gets bigger every day,” said Shipp in his talk. “Companies can harness all of this unstructured data for making smarter business decisions.”
Shipp delineated video intelligence concepts, and highlighted several case studies across Retail, Banking and Healthcare industries to illustrate how big and small companies are benefiting from technology break-throughs in video intelligence. Addressing questions from the audience, Shipp explained the inner workings of the 3VR platform and offerings from the company, as well as the limitless potential applications of the technology.
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About 3VR
3VR, the video intelligence company, enables organizations to search, mine and leverage video to bolster security, identify and mitigate fraud and better serve customers. 3VR’s Video Management Software, Network Video Recorders, and Video Analytics allow video surveillance systems to reach their true potential and deliver a measurable and sustainable return on investment. 3VR is the video surveillance standard for hundreds of global customers, including leading banks, retailers, governments and law enforcement agencies and owns CrimeDex, an online community of thousands of fraud, loss prevention and law enforcement professionals dedicated to stopping crime. Based in San Francisco, CA, the company is privately held with funding from DAG Ventures, Focus Ventures, In-Q-Tel, Kleiner Perkins Caufield & Byers, Menlo Ventures and VantagePoint Ventures. 3VR is one of the fastest growing U.S.-based private companies, according to Inc. magazine. In addition, the company has won numerous other accolades, including a Security Products magazine product of the year award and Top 30 Technology Innovations award from Security Sales & Integration magazine.
About Data Week
DataWeek is a 6-Day Conference & Festival in downtown San Francisco. It is the largest data-centric conference & festival in the nation.