Axis Communications is a Swedish company that specializes in large IP based commercial security and surveillance solutions.
Axis is the world’s leading provider of network video solutions for professional installations. Their products include cameras, encoders, software, and accessories for surveillance and security applications.
Axis analytics tools are a powerful set of tools used to extract useful insights and information from large datasets. They analyze trends, identify correlations, uncover hidden patterns, and predict future outcomes. They are the essential ingredients for successful data-driven decision making processes in modern organizations.
These tools have become increasingly popular as businesses face increasing pressures to leverage data to gain competitive advantage. Businesses that can effectively leverage the power of axis analytics tools will find themselves in a better position to capitalize on opportunities and make informed decisions.
Axis analytics tools are powered by artificial intelligence (AI) and machine learning algorithms. These algorithms enable the tools to process large amounts of data quickly and accurately. They can identify patterns in data that would otherwise be difficult or impossible to detect with traditional methods. This allows businesses to gain insights into their operations, customers, and markets that they wouldn’t have been able to access before.
Because Axis invests so heavily in advanced analytics and AI, their systems are very expensive, an average Axis analytics system can easily cost up to $50,000. For example, the market price for an Axis 8 Channel 4K video recorder averages around $4,000 compared to a Backstreet 8 Channel 4K NVR costing around $500-600. The dramatic cost difference is not based on performance or reliability, but rather the software features.
Conclusion: The software features that Axis uses to justify such a high prices for their equipment is utilized by less than 1% of the CCTV market. If your application is a large hospital or university with hundreds of cameras, your budget and needs for the software features can be justified. But for 99% of customers, the features are never used and the costs are prohibitive.