As per a recent study published in EURASIP Journal, video streaming is becoming one of the most popular services. According to the study, video streaming will occupy more than 77% of all consumer Internet traffic by 2021. This growth in demand for video streaming is leading to challenges in optimizing network resources to improve the user perceptual experience.
Enterprise Video platform has truly converged the gap amongst user groups, where all demographical boundaries have blurred so businesses can target a diverse audience in just one go. People all around the world, from all economies, age groups, classes to the socio-cultural background have only shown a remarkable rise in the demand consequently leading to forecasts predicting 89% of purchasing decisions being driven from videos by 2022. The global video enterprise platform market predictions by Markets and Markets show a revenue increase up to $40.84 billion in the next three years, which indicates an upsurge in the growth rate of about 20% annually.
Major global trends which impact societies, economies, businesses, cultures, and personal lives, often called megatrends, define the future and the pace with which the world changes. Communities and businesses today are presented with a landscape characterized by a sophisticated and unprecedented set of challenges and opportunities. Subject to disruption, the existing market can even disappear abruptly in a short space of time if they do not adopt these megatrends.
By Artificial Intelligence (AI), the industry leaders are creating the most significant technological revolution. The technology – which enables machines to imitate and augment human intelligence – is here. Across all industries, AI is increasingly being used to address a wide range of challenges such as fulfilling regulatory requirements, overcoming rising security threats, handling reduced profits, and satisfying demanding consumers.
Artificial Intelligence (AI) is reshaping how businesses are using video. By leveraging machine learning and tapping into unstructured data inside video content, organizations can mine valuable insights and unearth significant optimization opportunities. Companies working on AI now rely less on bottom-up data and more on top-down data reasoning that bears a close resemblance to the way humans approach problems and tasks.