Innovation in Retail: How Using Video-Based Data to Deliver Better In-Store Experiences is Impacting Storage
Video surveillance is a mainstay in the retail industry. For years it’s been a vital tool, aiding retailers in security and loss prevention efforts. But, retailers know the value of surveillance footage is not limited to ordinary security applications, so they are continuously pursuing innovative ways to turn raw video into “video-based data.” These efforts are driving a need for more storage capacity. In fact, storage capacity used for video surveillance applications is projected to grow at 39.1% compound annual growth rate (CAGR) from 2014–2019. If these predictions are correct, over 221 petabytes (PB) of storage capacity will be shipped to the retail sector in 2019 (IHS—2015 Retail Sector Statistics: Americas).