AI-based video summary solution 'ZioSummary' of Geovision Co., Ltd. (CEO Yoon Kim), an AI-based data analysis specialist, was designated as an 'Excellent R&D Innovative Product (hereinafter referred to as innovative product)' by the Ministry of Science and ICT.
The 'Excellent R&D Innovative Product Designation System' is a system designed to promote private technology innovation by converging public procurement and R&D policies. Only products whose quality has been recognized are selected as 'Excellent R&D Innovative Products'. When a product is designated as an innovative product in recognition of its outstanding technology, it receives various support such as a 3-year public procurement contract, public procurement service trial purchase, and export.
Geovision's 'ZioSummary', which was selected as an innovative product this time, is the only AI video summary/smart high-speed search solution in Korea, which summarizes about 10 hours of video into about 20 minutes. Therefore, it is possible to significantly reduce the analysis time by humans in the control field, and since target object candidates can be quickly identified by filtering the main conditions, local governments, investigative agencies, as well as private companies, overcome the limitations of visual control and efficiently statistically analyze CCTV images. This is a possible solution.
Yun Kim, CEO of GeoVision, said, "'ZioSummary' has been developed through active feedback from local government control officers and investigative agencies, and I am confident that it will be of great help in improving the convenience and efficiency of intelligent control not only in public institutions but also in the private sector." "We will do our best to provide the best products in the field of smart public security, where the protection of people's lives is the top priority," he said.