6 February 2009

Rising Insurance Prices Trigger Demand for Intelligent Video Security

ioimage has installed new intelligent video appliances at a Porsche dealership
ioimage has installed new intelligent video appliances at a Porsche dealership
The dealer hopes to protect their stock through the use of this technology

As crime reaches disproportionate figures around the world, but especially in South Africa, and with criminals becoming more ruthless and daring in their attempts, businesses are turning to top end technology to assist them in protecting their assets.

The price of insurance on high-market businesses is astronomical, with the risks particularly high in this sector. Add to that the loss of money caused by damage to property and some companies are justifiably seeking the last word in video security.

ioimage, a pioneer in video intelligent appliances, and developer of unique video analytics solutions, has announced that the Porsche dealership in Johannesburg has installed their security system in the car showroom to protect assets worth millions of Rands.

With each car valued at approximately $150,000 - and 100 of these vehicles on the showroom floor at any given time - the Sunninghill Gauteng dealership is correct to assume that the business may very well be targeted by criminal elements.

"Theft of vehicles and auto parts at high end car dealerships such as Porsche are on the rise worldwide," commented ioimage Sales Director, Greg Mendeleev. "Video analytics provides the most effective solution for protecting valuable inventory and reducing the huge costs associated with damages, loss and escalating insurance premiums."

The ioimage security system will be installed along 650 meters of fence line and is smart enough to ignore natural triggers such as climate elements which usually bring on false alarms. The system is also flexible enough to interface with Porsche's internal monitoring system.





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Story Highlights »
  • There is a higher demand for video analytics as insurance premiums continue to rise
  • This technology can help protect inventory and reduce the costs tied to loss, damages and rising premiums

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