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VisualCortex and University of Wollongong partner to drive computer vision innovation and industry


VisualCortex has signed a mutual non-disclosure agreement with the University of Wollongong’s SMART Infrastructure Facility, which is participating in 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 results – has partnered with the University of Wollongong (UOW), joining its research and development hub for Artificial Intelligence of Things (AIOT) Solutions.

Under the terms of a mutual non-disclosure agreement between VisualCortex and the UOW, the computer vision start-up and the university’s SMART Infrastructure Facility will share exclusive research and software development capabilities to drive smart. video analytics innovations, including machine learning (ML) models, learnings from real-world computer vision implementations, and local employment opportunities.

Watch the joint partnership video here: https://bit.ly/3RP9A82

As part of the partnership, VisualCortex established a satellite office at UOW’s Illawarra-based Innovation Campus – a technology precinct that promotes industry – research collaboration – and joined the Telstra-UOW Hub for AIOT Solutions. The hub is supported by an AUD$1.7 million government fund through the Strategic University Reform Fund (SURF); designed to establish the Illawarra as a global leader in AIOT solutions for communities, businesses and governments. The hub is also supported by collaboration with technology industry giants Telstra, Microsoft and NVIDIA. The initiative brings together more than 30 experts from industry and academia, focusing on delivering AIOT results that can be used worldwide in smart transportation, smart logistics, sustainable infrastructure and smart manufacturing.

VisualCortex CEO and Co-Founder, Patrick Elliottsaid the partnership with UOW’s SMART Infrastructure Facility and AIOT solutions hub provided practical results in three main ways.

“UOW and SMART bring world-leading AI research capabilities, which have the potential to be transformative within today’s computer vision market,” Elliott said. “Second, because SMART and the Telstra-UOW Hub for AIOT Solutions are driven by applying academic rigor to real-world problems, they work closely with industry and the public sector. The ability to work with PhD students and doctors in AI, and can directly apply their research and expertise to tangible challenges in computer vision, is really exciting.

“We had a strong meeting of the minds: We gave a Video Intelligence Platform, enabling academics to build ML models at scale and see their research make a real-world difference. At the same time, UOW provides outstanding academic expertise, industry relations, and data management. The marriage of the two – VisualCortex’s enterprise-ready computer vision platform, coupled with UOW’s ability to use that platform as a vehicle to deliver academically developed ML models to industry – represents an ideal partnership. It’s a win for everyone.

“Third, the partnership provides a mutually beneficial avenue to industry for researchers and university students. To succeed and scale, VisualCortex needs access to a steady stream of the best talent available. exchange, internship and graduate hiring programs.”

The SMART Infrastructure Facility at UOW specializes in the application of data analytics, advanced simulation, Smart Cities technology and video analytics to core infrastructure challenges, including electricity, roads, rail urban growth and regional development.

“While the SMART Infrastructure Facility’s journey into smart video analytics is still relatively new, the growth in effort and demand is almost exponential,” said SMART Infrastructure Facility Director, Professor pascal perez. “So we know, based on its technology and the number of requests we’ve had, the market opportunity for VisualCortex is wide and wide.

“What VisualCortex is trying to do is bold: Currently, most of the video analytics market is developing around vertical integration; and customized – if not ad-hoc – solutions for specific sectors, or even sub-sectors. That means we’re going to see a lot of redundancies in terms of deploying all these single-use-cases computer vision tools and the fees that end-users must pay. So, we need a transversal approach, which VisualCortex brings with its industry-agnostic platform.

Perez echoed Elliott’s comments, describing the UOW – VisualCortex partnership as “a perfect marriage”.

“We share the same approach to smart video analytics – we don’t see a sector; we are interested in a transversal approach and the fundamentals behind the different use cases,” said Perez. “At SMART, we are good at assessing new use cases for computer vision, optimizing algorithms and packaging them into a container. However, we need to push these new models to ML into something for deployment, to be useful in the industry. VisualCortex’s Video Intelligence Platform provides that ideal.

“It’s the best of both worlds; and I really look forward to developing a strong partnership with VisualCortex in the coming years.”

About VisualCortex

VisualCortex turns video data into actionable business. As the world’s best Video Intelligence Platform, VisualCortex provides the strength and scalability to create computer vision technology for the first time. Unlike camera-side or point-in-time 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 streams of data at scale.

The VisualCortex platform delivers artificial intelligence, management and utility, enabling organizations to connect any number of video streams, repositories and use existing commodity hardware. An intuitive user interface, out-of-the-box reporting, various configurations and integrations empower non-technical people to create, analyze and act on insights gained from computer vision across business. Organizations can easily combine these AI-generated video insights with other data sources and systems to facilitate 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

For regular updates, follow VisualCortex on Twitter (@VisualCortexApp), LinkedIn (VisualCortex), YouTube (VisualCortex) and Facebook (@VisualCortexApp).

For regular industry news and analysis, subscribe to the VisualCortex mailing list here: https://visualcortex.com/contact-us/

About UOW, SMART Infrastructure Facility and the Telstra-UOW Hub for AIOT Solutions

The SMART Infrastructure Facility is a research institute dedicated to helping governments and businesses better plan for the future. SMART’s work is complemented by collaborations with experts across the University of Wollongong’s (UOW) Faculties in infrastructure-related fields such as energy generation and storage, water sustainability, environmental engineering, spatial geotechnics and planning. society. SMART is involved in significant international partnerships and collaborations that address some of the major infrastructure challenges.

The Telstra-UOW Hub for AIOT Solutions, will deliver innovative, cost-effective and fit-for-purpose AIOT solutions for communities, businesses and governments. The Hub was developed with the support of a $1.7 million The Federal Government grant through the Strategic University Reform Fund (SURF) will be awarded australian traction in a rapidly expanding global market, while using applied research to increase productivity and create jobs. Its focus is world-leading research in several AIOT technologies including smart video analytics, sensor-embedded edge computing for optimized data fusion and transmission, as well as digital industrial twin technology.

For more media information, interviews or pictures, please contact:

(PRNewsfoto/VisualCortex)

(PRNewsfoto/VisualCortex)

SOURCE VisualCortex





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