Have you heard of the term Computer Vision (CV)? This field of artificial intelligence (AI) trains computers to interpret and understand the visual world. This type of AI takes information and visual information and turns that into data that can then be analyzed.
As it happens, the 2020 McKinsey Global Survey on artificial intelligence states that 50% of companies have now adopted AI in at least one business function, with the greatest number of use cases targeted toward product or service development, and optimizing operations. Additionally, Grand View Research, a premier business consulting firm, reports the value of the global computer vision market is expected to reach $19 billion by 2027.
First, your business would do well to evaluate if your industry benefits significantly from CV. Energy, transportation, manufacturing, retail, and healthcare are heavily present within the current CV landscape. A second truth of CV to take into consideration is that innately, as with any type of AI, it is not inherently as capable as using human senses. CV may only recognize what it has been taught to recognize, and this could create potential holes in detection and discrepancies between the type of data your organization would like the CV to infer. Therefore, a CV project that has a specific function at hand would be ideal.
To think about CV further and analyze if it would be a benefit to your business, ask yourself these 5 questions:
- Are a large portion or percentage of your data image-based? If so, CV may be a wonderful option for your business.
- Do your job responsibilities require object detection? CV utilizes advanced algorithms to precisely identify the object at hand.
- Would your business benefit from image classification capabilities that group similar images together?
- Consider the various types of pattern detection (shapes, numbers, etc.) that any of your existing AI procedures may utilize. Also, consider if these patterns would benefit from image matching that establishes a relationship among existing patterns.
- Is there evidence of companies with similar business structures to yours that have successfully implemented the type of CV your business would like to? Existing case studies may give your business a better picture of what to expect.
Now, do you have a better idea of the types of tasks CV is used for? If you would like to speak with one of APC’s valuable subject matter experts (SMEs) on IT and AI, call us today at (919) 516 – 9696, or visit our existing job opportunities at https://apcjobs.co/3vq5B5j.
- “Computer Vision: What It Is and Why It Matters.” What It Is and Why It Matters | SAS India, www.sas.com/en_in/insights/analytics/computer-vision.html.
- Ajgaonkar, Amol, and Ken Seier. “The Value of Computer Vision: More than Meets the Eye.” Tech Journal, Insight, 15 Mar. 2021, www.insight.com/en_US/content-and-resources/tech-journal/spring-2021/the-value-of-computer-vision–more-than-meets-the-eye.html.