Milestone Accelerates Innovation: Invests in Development Capacity by 45% in 6 Tech Areas
Milestone Systems will increase innovation capacity 45% by 2019 year-end and deliver on its promise to develop unique innovations to meet future market demands in six key long-term technology areas. These investments will take place in Copenhagen, Sofia and Barcelona.
The objectives of this investment are to speed up development capacity of disruptive innovations within deep driver integration, advanced rendering, IoT and metadata sources, online services, advanced data management and the software development kit (SDK) for the Milestone platform. The results will strengthen Milestone’s leading market position, enabling the processing of video and data from solution partners who use neural networks, deep learning and AI technologies.
Market trends are changing at accelerated rates toward device aggregation, artificial intelligence and visual intelligence augmentation. We believe that by increasing our development capacity within these disruptive innovation areas, Milestone Systems will be well positioned to enable our partners with new market growth opportunities. – President & CEO Lars Thinggaard, Milestone Systems.
Innovation beyond security
According to The World Economic Forum, more than one trillion sensors will be connected to the Internet by 2022. Alongside the development of these market trends, the demands for smart solutions and machine learning technologies increase. Executives expect Internet of Things (IoT) and AI to bring about the biggest change: 73% say they are investing in IoT and 54% in AI (PwC Global Digital IQ Survey).
As part of the long-term innovation investment, Milestone Systems will partner with leading technology companies on the development of ‘Imaging of Things’ frameworks to connect, aggregate and secure the ecosystem of IoT devices.
Milestone Systems wants to be part of every video installation in the world. To do this, we must be able to offer the most innovative Video Technology Platform to enable our partners to address the wide range of challenges that our customers are facing. The technology will push beyond security into areas such as smart buildings and cities where our video platform can play a vital role. – Chief Technology Officer Bjørn Skou Eilertsen, Milestone Systems.