Formative AI and Distributed Cloud among 4 mega trends revealed at MIPS 2021

Almost 5000 participants representing end customers, technology partners and media from across the globe attended the virtual conference

  
Milestone Systems CTO Bjorn Skou Eilertsen

Milestone Systems CTO Bjorn Skou Eilertsen

Dubai, United Arab Emirates (AETOSWire): The 3 trends of 2020 - aggregation, automation and augmentation were replaced by 4 mega trends in 2021 at the annual MIPS 2021. Formative AI, Distributed Cloud, Composite Architecture and Digital Ethics were revealed as the 4 mega trends in the video industry by Milestone Systems demonstrating how quickly emerging technologies are forming new trends.

Close to 5000 participants from technology partners, end customers and media attended the first virtual MIPS conference on March 1st and 2nd.  The virtual event brought together this rich community of video, security, and technology solution partners from EMEA, APAC and Americas to discuss the advancing innovation and shaping the new next.

“Shaping the New Next is an invitation to join us so we can make a positive difference together. There is a momentum in society right now that is unique to our industry, and we will be looking at this opportunity from both a business, a people, and a technology perspective. Because these are the drivers for the continuous success for the industry,” said VP at Milestone in EMEA, Malou Toft in her keynote address.

Mega Trends of 2021

Formative AI refers to a set of emerging AI enabled technologies that can dynamically change to respond to situational variances. These technologies enable application Developers and UX designers to create solutions using AI enabled tools.

Distributed cloud computing is the first cloud model that incorporates physical location of cloud-delivered services as part of its definition. It is the next generation of cloud computing which retains the advantages of cloud computing, while extending the range and use cases for cloud.

Composite Architecture enables enterprises where Integrations works seamlessly and can change shiftily as requirements change, without having to rebuild or reinstall the solution. A composite architecture enables an open data fabric to serve a variety of core and add-on solutions.

One of the trends within digital ethics is Responsible AI which focuses on ensuring ethical, transparent, and accountable use of AI technologies, in a manner consistent with user expectations, organizational values and societal laws and norms. Responsible AI can guard against the use of biased data or algorithms, ensure that automated decisions are justified and explainable.

Future Regional Plans

Milestone also revealed plans to focus on Cloud Managed video management which will leverage Distributed Cloud and Composite Architecture and drive up the agility of an organization using XProtect, Milestone’s industry leading video management software, to cope with the new next in the Middle East and beyond. 

Milestone predicts a successful 2021 in EMEA for multiple reasons including the massive amount of technology at hand that has accelerated the development of new innovative solutions to help businesses and societies navigate in a post-pandemic world. They see a clear mind shift in society, and a new market perception, fueling the relevance and readiness for more intelligent sensors and video technology.

In the Middle East for example, healthcare is an industry that has significantly benefited from adapting video technology during the pandemic. With medical tourism being part of the region’s general economic drive, healthcare will continue to be an important vertical in the region along with retail, leisure, and hospitality.

Smart Cities is another fast-growing area, where innovative technologies can improve the quality of living, help reduce the environmental impact of urbanization and make everyday services run more smoothly. In the Middle East, these initiatives are predominantly driven by the governments, which means this could be the single largest vertical in the future.

The MIPS event included products and programs from leading brands including Axis Communications, Dell, Intel and Lenel S2. MIPS 2021 concluded with the hope that this year will stand for new beginnings, unbelievable comebacks and a world getting back in sync.

For the next four weeks, the conference is available for free in 4 different languages.

Register here to access the free conference: MIPS Registration-page ( www.webflow.io )

-Ends-

About Milestone Systems (Canon Group)

Founded in 1998, Milestone is a stand-alone company in the Canon Group. Milestone Systems is a leading provider of open platform video management software; technology that helps the world see how to ensure safety, protect assets and increase business efficiency. Milestone enables an open platform community that drives collaboration and innovation in the development and use of network video technology, with reliable and scalable solutions that are proven in more than 500,000 installations worldwide. 

For more information, please visit https://www.milestonesys.com/ 

*Source: AETOSWire 

For Media Enquiries, please contact Matrix PR
Shirin Zemmo: Shirin@matrixdubai.com
Krishika Mahesh: Krishika@matrixdubai.com
Or Call 04 343 0888

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases