Seven out of ten city and finance businesses will invest in IP surveillance technology in the next year, according to a new study. A focus group session at the inaugural Security Technology Experience found investment in high definition integrated IP CCTV technology is a key priority for the sector.
The Security Technology Experience, organised by Quadrant Security Group, saw UK and international banking and finance businesses experience the latest security technologies and learn from specialists.
A focus group held at the event saw 70 per cent state an intention to invest in IP surveillance technology over the next year, with changing security threats the key driver behind the investment.
The study also saw 55 per cent of participants hint at a likelihood of investment in intelligent video analytics in the next 12 months. Capabilities such as motion detection, object tracking, object classification and behaviour recognition were seen as sought-after proficiencies by responders.
Video surveillance biometrics were also seen as a desired technology, with 45 per cent citing an interest in investing over the coming year. Facial recognition was of particular interest, with 27 per cent identifying key benefits from an enhanced customer experience perspective.
In addition, some 20 per cent of respondents said they are likely to invest in advanced audio analytics.
Phil Doyle, managing director of Quadrant Security Group, claimed the knowledge and experience of attendees provided “an ideal focus group opportunity” to gauge the banking and finance sector’s interests in innovative security technology over the coming months and years.
He added: “Unsurprisingly enhanced surveillance capabilities to address changing and increased security threats came out as a priority.
“But the fact that interest was also relatively high in terms of data system integration and improved customer experience also showed that the sector is starting to think outside the box in terms of security technology strategy.”