SKT-ADT Caps-Innodep Jointly Enter AI Video Security Business

[Asia Economy Reporter Joesulgina] SK Telecom announced on the 17th that it has signed a three-party agreement with ADT Caps, a leading domestic security company, and Innodep, a leading domestic integrated control center company, to commercialize an "Artificial Intelligence (AI)-based intelligent video analysis solution."

Going forward, the three companies will jointly develop AI video analysis solutions based on their respective capabilities and collaborate on the video security business. This agreement was reached as the interests of the three companies aligned to lead the AI-based video analysis market amid a rapid increase in CCTV installations from public sectors such as crime prevention and traffic to private sectors like smart factories.

SK Telecom plans to develop a solution that dramatically improves cost-effectiveness and accuracy through domestic AI semiconductors and AI algorithm optimization, and provide the best security service by linking it with Innodep’s intelligent control platform, the undisputed No.1 company in domestic public integrated control centers, and ADT Caps’ converged security services.

In particular, they plan to take the lead in overcoming the limitations of visual monitoring by control personnel, which has been pointed out as a problem in video monitoring services, and improving issues such as false alarms and false warnings in intelligent video analysis solutions.

Additionally, the three companies will jointly plan an AI-based integrated intelligent video security service business model, jointly enter public safety, disaster, and industrial facility real-time security services, and cooperate in fostering domestic and international smart city and digital New Deal industries.

This collaboration is evaluated as possible because SK Telecom solved the problems of analysis accuracy and cost-effectiveness, which have been obstacles to expanding the intelligent video analysis technology market, with its self-developed world-class AI semiconductor.

Based on SK Telecom’s self-developed AI semiconductor Sapeon X220, it provides high-performance services with deep learning computation speeds 1.5 times faster than before, and plans to present a new standard for innovative smart city security video analysis services through an integrated solution including AI algorithms and APIs under the ‘AIaaS (AI as a Service) strategy.’

Jongmin Lee, Head of SK Telecom T3K Innovation CO, said, "Vision AI (technology that mimics human visual intelligence) is a core technology not only in urban safety but also in future industrial intelligence such as smart factories and remote medical care," adding, "The ultimate goal is to popularize world-class Vision AI technology that anyone can easily use."

Youngjoo Kim, Head of ADT Caps Enterprise Business Division, said, “Collaboration among specialized companies with excellent technology is essential for the success of AI-based intelligent video analysis business,” and added, “We will combine the capabilities of the three companies to activate related businesses and lead the market.”

Sungjin Lee, CEO of Innodep, emphasized, “Innodep is expanding large-scale technology investments and business in the intelligent video security public market, and we will focus the company’s full capabilities on this three-party business cooperation to create an opportunity to revitalize and lead the market.”

This content was produced with the assistance of AI translation services.