Milestone Systems will increase innovation capacity by 45% by 2019 year-end and deliver on its promise to develop unique innovations that will meet future market demands in six key long-term innovation areas. These innovation investments will take place in multiple locations between Copenhagen, Sofia and Barcelona.
The objectives of this investment are to increase development capacity of disruptive innovations within deep driver integration, advanced rendering, IoT and metadata sources, online services, advanced data management and Milestone Systems’ platform software development kit (SDK). The results of which will accelerate Milestone System’s position in enabling the processing of video and data from solution partners who use neural networks, deep learning and AI technologies.
Market growth opportunities
“Market trends are changing at accelerated rates towards device aggregation, artificial intelligence and visual intelligence augmentation. We believe that by increasing our development capacity within these disruptive innovation areas, Milestone Systems will be able to enable our partners with new market growth opportunities,” said President & CEO Lars Thinggaard, Milestone Systems.
