Hanwha Vision Expresses Ambition as a 'Vision Solution Company' at Korea-US Security Exhibition

First Exhibition After Last Month's Hanwha Techwin to Hanwha Vision Name Change

Hanwha Vision, which recently changed its name, announced on the 17th that it participated in the security exhibitions ‘ISC West 2023’ and ‘SECON 2023,’ held simultaneously in the United States and Korea from the 29th to 31st of last month (local time), opening the door to becoming a vision solutions company.

At this Korea-US security exhibition, Hanwha Vision introduced its mid- to long-term strategy through customized solutions tailored to customers and regions. An Soonhong, CEO of Hanwha Vision, said, “Hanwha Vision aims to provide vision solutions that add innovation to our core competitiveness in vision technology to solve the problems our customers face and add new value.” He added, “We will expand from monitoring for security and post-analysis to providing customized information and solutions through big data analysis, supporting the establishment of action solution linkage capable of prevention and real-time response, as well as business operation strategies.”

Hanwha Vision plans to offer a platform that can collect, analyze, and integrate data from various devices and sensors. It intends to secure data collection devices such as AI cameras and Internet of Things (IoT) sensors, as well as applications that detect events and features, and AI training solutions. By acquiring various vision data corresponding to visual information and analyzing the data, it can deliver useful information and insights that practically help customers’ businesses.

In the field of real-time video security monitoring, Hanwha Vision will expand its technological scope to prepare solutions that can predict and respond in advance. By analyzing big data collected through various routes using technologies and platforms such as AI and cloud, it aims to enable the prevention or early resolution of potential future events through prior prediction.

Along with its mid- to long-term business direction, Hanwha Vision plans to expand its business as a platform company providing practical solutions to customers across various industries. This year, it will introduce solutions targeting urban safety and traffic management (smart city), overall process monitoring and productivity improvement (smart factory), and efficient store operation and sales increase (smart retail), and gradually expand solutions applicable to diverse industries.

A Hanwha Vision official said, “Over the past 30 years, we have grown into a global company through partnerships with competitive partners based on trust,” and added, “We plan to further strengthen an ecosystem that can grow together based on trust with our partners.”

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