VisualCortex signs a mutual confidentiality agreement with the University of Wollongong SMART Infrastructure Facility, joining the Hub for Artificial Intelligence of Things Solutions, an Australian government-backed initiative supported by Telstra, Microsoft and NVIDIA
SYDNEY, July 25, 2022 /PRNewswire/ — VisualCortex, the video intelligence platform that connects the potential of computer vision to real-world business outcomes, has partnered with the University of Wollongong (UOW), joining its research and development center for artificial intelligence solutions. of things (AIOT).
Under the terms of the mutual confidentiality agreement between VisualCortex and UOW, the university’s computer vision startup and SMART infrastructure facility will share unique software research and development capabilities to drive intelligence video analysis innovations, including machine learning (ML) models, learnings from real-world computer vision implementations, and local employment opportunities.
See the video of the joint association here: https://bit.ly/3RP9A82
As part of the partnership, VisualCortex has established a satellite office at the UOW’s Illawarra-based Innovation Campus, a technology precinct fostering collaboration between industry and research, and joins the Telstra-UOW Hub for AIOT Solutions. . The center is supported by a government grant of A$1.7 million through the Strategic University Reform Fund (SURF); designed to establish Illawarra as a world leader in AIOT solutions for communities, businesses and governments. The center is also supported by collaboration with tech industry giants Telstra, Microsoft and NVIDIA. The initiative brings together more than 30 experts from industry and academia, focusing on delivering globally applicable AIOT outcomes in smart transportation, smart logistics, resilient infrastructure, and smart manufacturing.
CEO and co-founder of VisualCortex, patrick eliottHe said the partnership with the SMART Infrastructure Facility and UOW’s AIOT Solution Center produced practical results in three main ways.
“UOW and SMART highlight world-leading AI research capabilities that have transformative potential within today’s computer vision market,” Elliott said. “Second, because SMART and the Telstra-UOW Hub for AIOT Solutions have a mandate to apply academic rigor to real-world problems, they collaborate extremely well with industry and the public sector. The ability to work with students from PhDs and PhDs in AI, and directly applying their research and skills to tangible computer vision challenges, is really exciting.
“We have a very strong union of minds: we provide a video intelligence platform, which enables academics to produce ML models at scale and see how their research drives change in the real world. At the same time, the UOW provides outstanding academic expertise, industry relations and data governance. The Marriage of the Two: Enterprise-Ready VisualCortex machine vision platform, coupled with UOW’s ability to use that platform as a vehicle to deliver academically produced ML models to industry, represents an ideal partnership. It is a victory for all.
“Third, the partnership provides a win-win pathway to the industry for researchers and university students. To succeed and scale, VisualCortex needs access to a constant stream of the best talent available. For UOW, our partnership provides a pathway to clear employment through VisualCortex talent exchange, internship and graduate recruitment programs.”
UOW’s SMART Infrastructure Facility specializes in applying data analytics, advanced simulation, smart city technology and video analytics to core infrastructure challenges, including electricity, highways, rail urban growth and regional development.
“While the SMART Infrastructure Facility’s journey into intelligent video analytics is relatively recent, the growth in effort and demand has been nearly exponential,” said SMART Infrastructure Facility Director, Professor. Pascual Perez. “So we know, based on their technology and the number of requests we’re responding to, the market opportunity for VisualCortex is wide and wide.
“What VisualCortex is trying to do is brave: right now, most of the video analytics market is built around vertical integration; and bespoke, if not ad-hoc, solutions for specific industries, or even That means we’re going to see a lot of redundancy in terms of implementing all of these unique use cases. computer vision tools and the fees that end users will have to pay. So we need a cross-cutting approach, which VisualCortex is implementing with its industry-agnostic platform.”
Pérez echoed Elliott’s comments, characterizing the UOW-VisualCortex partnership as “a perfect marriage.”
“We share the same approach to intelligent video analytics: we don’t see one sector, we’re interested in a cross-cutting approach and the fundamentals behind the different use cases,” Pérez said. “At SMART, we’re good at evaluating new use cases for computer vision, optimizing algorithms, and wrapping them in a container. But, we need to push these new ML models into something for implementation, to make them useful to industry. VisualCortex’s Video Intelligence Platform provides that ideal something.
“It’s the best of both worlds, and I really look forward to developing a strong partnership with VisualCortex for years to come.”
About Visual Cortex
VisualCortex is making video data actionable in the enterprise. As the world’s best video intelligence platform, VisualCortex provides the stability and scalability to deliver computer vision technology for the first time. Unlike point or camera-side solutions, VisualCortex can be used for any video analytics use case in any industry. VisualCortex’s production-ready cloud-based environment transforms video assets into analyzable data streams at scale.
The VisualCortex platform offers artificial intelligence, governance, and ease of use, enabling organizations to connect any number of video streams, repositories, and use existing commodity hardware. An intuitive user interface, out-of-the-box reports, a variety of configurations, and integrations enable non-technical people to produce, analyze, and act on insights derived from machine vision across the enterprise. Organizations can easily combine these AI-generated video insights with other data sources and systems to facilitate both real-time operations and strategic analysis. The VisualCortex Model Store also provides a secure marketplace for customers, partners, and independent machine learning experts to share quality-controlled computer vision models. For more information visit www.visualcortex.com
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About UOW, SMART Infrastructure Facility and Telstra-UOW Hub for AIOT Solutions
The SMART Infrastructure Facility is a research institution dedicated to helping governments and businesses better plan for the future. SMART’s work is complemented by collaborations with experts from University of Wollongong (UOW) faculties in infrastructure-related fields such as power generation and storage, water sustainability, environmental engineering, space geotechnics and social planning. SMART participates in key international partnerships and collaborations that address some of the biggest challenges in infrastructure.
Telstra-UOW Hub for AIOT Solutions will deliver innovative, cost-effective and fit-for-purpose AIOT solutions for communities, businesses and governments. The Hub has been developed with the support of a $1.7 million Subsidy from the Federal Government through the Strategic Fund for University Reform (SURF) to provide Australia traction in a rapidly expanding global market, while using applied research to increase productivity and create jobs. His focus is world-leading research in various AIOT technologies, including intelligent video analytics, sensor-embedded edge computing for optimized data transmission and fusion, as well as digital industrial twin technology.
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SOURCE Visual Cortex