Iveda Unveils vumastAR: Turning Everyday Devices into AI Assistants
November 02 2023 - 8:00AM
Business Wire
AI software adds brain power to your camera;
improves productivity and efficiency, reduces human error, and
enhances safety and security across industries
Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI
video and sensor technologies, today unveiled the launch of
vumastAR™, (pronounced “view master”) an AI vision software
designed to make day-to-day tasks easier than ever before. Iveda’s
next-generation, customizable AI system is compatible with most
smart devices––from smartphones and tablets to IP cameras,
augmented reality (AR) glasses, and more––taking human skills and
ability to the next level through the power of artificial
intelligence. With use cases spanning industries, vumastAR’s
state-of-the-art technology greatly reduces human error, enhances
safety, improves security, and optimizes work performance,
empowering employees––from pharma and retail, to manufacturing and
logistics––to work smarter, not harder. Iveda will sell vumastAR as
a license per device with a monthly subscription requirement for
cloud access to trained AI models.
According to Fortune Business Insights, the global augmented
reality market is projected to reach upwards of $1.1 trillion by
2030. VumastAR leverages IvedaAI’s advanced video search technology
to digitalize workflows, taking human capability to new heights,
all while delivering valuable insights, minimizing biases, and
enhancing decision-making. The technology can be tailored to meet
specific industry or user needs for companies looking to boost
productivity and efficiency and accomplish daily tasks with ease
and with minimal error.
The software’s inherent customizability means that vumastAR can
be deployed for a wide range of use cases:
- Quality and Maintenance Exams: vumastAR has the power to
assist with critical measuring of carcinogenic chemical compound
levels, electrical wiring, and welding inspections.
- Factory and Line Work: Fast and accurate machine
recognition enables itemized counting, inventory audits, and
assembly kitting.
- Pharma: Accurately identify and quantify medication,
greatly reducing the manual labor of counting pills while
eliminating human error.
- Supply Chain: Detect defects and anomalies for improved
accuracy, increasing bottom line by actively reducing lost revenue
incurred from manual mistakes.
- Manufacturing: Digitalize meter and gauge reading and
monitoring, as well as part number identification, with the ability
to turn analog information into digital data
- Transportation: Enhance safety and security for
operations including loading and unloading tanker trucks,
protecting both personnel and products / equipment.
- Retail: Ensure correct item identification and
organization, providing increased accuracy for retail checkout and
product categorization, ultimately impacting revenue streams.
“As an organization on the forefront of AI innovation and
development, Iveda’s vumastAR will enable users to make
better-informed decisions swiftly, increasing productivity, safety,
and efficiency across various industries,” said David Ly, CEO and
founder of Iveda. “Whether you're a small business or a large
enterprise, vumastAR is your reliable sidekick, minimizing errors,
and turbocharging decision-making, creating a work life that’s
easier. Our early vumastAR users are already experiencing the power
of augmented intelligence, combining human and AI capabilities to
achieve new levels of operational efficiency and ultimately enhance
bottom line results.”
With no specialized hardware or extensive training required,
vumastAR works on all Android devices, making advanced and
customizable AI technology accessible to a broad range of users.
VumastAR can be deployed in a wearable / portable form, or fixed in
place, seamlessly integrating with existing technology and
workflows. The technology effectively enhances on-the-job training
and upskilling with hands-free operation and intuitive voice
command.
In addition to improving everyday workflows, vumastAR addresses
cybersecurity concerns as it can work offline and connect to local
servers, ensuring functionality in remote locations without
requiring internet access.
Powered by Iveda’s core technology, IvedaAI, vumastAR joins
Iveda’s lineup of smart solutions, including IvedaEMS, IvedaCare,
Iveda Smart Drone, and Utilus Smart Pole, to name a few. Through
its latest product launch, Iveda is underscoring its mission to
make it easier for customers to search, manage, analyze, and secure
operations through AI-backed solutions–providing digital
transformation so organizations and cities around the world can
focus more on what matters.
About Iveda Solutions®
Iveda (NASDAQ:IVDA) is the provider of global solutions for
cloud-based, video AI search and surveillance technologies that
protect the people, places, and things that matter the most.
Iveda’s technology has the power to provide instant intelligence to
existing infrastructure, enabling cities and organizations around
the world to seamlessly enter the fifth industrial revolution.
Iveda operates at the forefront of digital transformation of cities
across the world, using IoT platforms with smart sensors and
devices developed to aid with use cases surrounding public safety,
security, elderly care, energy efficiency, and environment
preservation. Headquartered in Mesa, Arizona, with a subsidiary in
Taiwan, Iveda is publicly traded under the ticker symbol
“IVDA”.
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version on businesswire.com: https://www.businesswire.com/news/home/20231102874157/en/
Olivia Civiletto Erwin olivia@dottedlinecomm.com
617.477.9857
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