The rising online sales has pushed the demand for warehouse space. A decade ago, ecommerce accounted for 6.7 percent of all retail sales in the UK, according to the Office for National Statistics. By February 2020, the month before the Covid-19 outbreak, the figure was 19 percent. By May, it had hit 33 percent.
The property group CBRE predicts there will be demand for 333m sq ft of new space in the US by 2022 – treble its previous estimate – and expects rents to grow by about six percent a year.
To keep costs down and prompt efficiency further, we see that warehouse owners are turning to advanced video technology for help. But how can video technology provide the needed solutions?
First, let’s look at why video data can play a vital role. In fact, more than 50 percent of the human brain is devoted to processing visual information. This means that the majority of the data needed for artificial intelligence to automate processes and enable humans to make more efficient and better-informed decisions, relies on the ability for computers to translate high quality visual data.
The information can be stored and analyzed to increase overall operational efficiency by e.g. generating automated responses to certain events.
Read below solution paper, if you want to know more about how warehouses can manage the surging demand and optimize operations with advanced video solutions.