AI Explained: Computer Vision


SOURCE: PYMNTS.COM
MAY 28, 2024

BY PYMNTS | MAY 28, 2024

Picture this: a world where cars drive themselves, shopping is as simple as grabbing and going, and medical diagnoses are made with superhuman precision. This is the world that computer vision is building, one algorithm at a time.

The technology, which enables machines to interpret and understand visual data, is rapidly advancing and making its way into industries across the board. From the automotive sector to healthcare, retail and manufacturing, computer vision is reshaping our lives and work.

Uses for Computer Vision

In transportation, companies like Tesla and Waymo are racing to develop autonomous vehicles that can navigate roads safely and efficiently. These self-driving cars are powered by a sophisticated network of cameras, sensors and algorithms that work together to interpret the vehicle’s surroundings in real time. Tesla’s Autopilot system, for example, uses eight cameras to provide a 360-degree view of the car’s environment, enabling features like automatic lane changes and self-parking.

But computer vision’s impact extends far beyond the highway.

In healthcare, artificial intelligence (AI)-powered tools are being developed to analyze medical images and assist in the early detection of diseases. For instance, Zebra Medical Vision’s AI1 platform can detect a range of medical conditions, from lung nodules to brain bleeds, by analyzing radiological images. This technology has the potential to help radiologists make more accurate diagnoses and catch critical issues before they become life-threatening.

Retail giants like Amazon and Sam’s Club are also adopting computer vision. The companies’ cashier-less systems use cameras and sensors to track customers’ movements and the items they select, automatically charging their accounts when they leave. The result is a shopping experience that’s as futuristic as convenient.

Meanwhile, computer vision is being used in manufacturing to automate quality control processes and boost production line efficiency. Cognex’s In-Sight 2000 vision system, for example, can inspect up to 6,000 parts per minute and detect defects as small as a quarter of a millimeter. By automating quality control, manufacturers can reduce human error, minimize waste and improve overall product quality.

Computer vision is making inroads in the workplace. Intenseye, a workplace safety software provider, recently announced that it had secured the largest-ever funding round in its category, raising $64 million led by Lightspeed Venture Partners. The Series B round, with contributions from existing investors like Insight Partners, Point Nine and Air Street Capital, pushed the company’s total funding to over $90 million.

Intenseye leverages AI to enhance workplace safety. Their enterprise-ready computer vision AI platform identifies subtle indicators of unsafe acts or conditions that human safety auditors often miss. Last year, Intenseye alerted customers to more than 36 million such indicators using strategically placed cameras and AI to detect risks like oil spills or improper safety gear usage.

Ethical Questions

However, as with any transformative technology, computer vision raises a host of ethical questions that need to be addressed. As technology becomes more ubiquitous, concerns around privacy, bias and job displacement are coming to the forefront.

Experts in the field stress the importance of developing responsible frameworks to guide the deployment of computer vision technologies. They argue that open dialogue and proactive measures are essential to ensure that the benefits of this technology are distributed equitably and that proper safeguards are in place to protect individual privacy and prevent unintended consequences.

Computer vision has immense potential to drive innovation and solve complex problems despite these challenges. As the technology continues to evolve, we can expect to see even more groundbreaking applications emerge, from smart cities to personalized healthcare and beyond.

So buckle up and get ready for a wild ride. Computer vision has the potential to change the way we see the world — literally.