After a New Name, Hanwha Presented New Strategic Plans
Hanwha Vision, under the new company name, presented regionally customized solutions and a new expansion strategy for the first time at the ISC West and Secon security trade shows.
“As we expand our business from surveillance monitoring to data analysis, we will provide customized information through big data analytics and actionable solutions that not only prevent incidents but also respond to them in real time. Moreover, our vision solutions will be instrumental in advancing customer’s operational strategies,” said Soon-hong Ahn, President and CEO of Hanwha Vision.
Along with its new name, Hanwha Vision also developed its new business strategy, emphasizing its leading capabilities in vision solutions.
First, Hanwha Vision will provide a platform to collect, analyze and integrate data from various devices and sensors, leveraging its partner solutions. By acquiring data collection devices, such as AI cameras and IoT sensors as well as event-detection applications and AI-training solutions, Hanwha Vision will acquire vision data and deliver useful insights through data analytics.
Second, in the area of real-time video surveillance, Hanwha Vision plans to expand the scope of technologies to offer solutions that will not only respond to events but also predict them. Big data collected through various sources will be analyzed using AI and cloud technologies to predict events to provide prevention or early resolution.
Hanwha Vision is expanding into a platform business to provide solutions that can support customers with practical help in various industries. The company will introduce solutions targeting urban safety and traffic management (smart city), process monitoring and productivity improvement (smart factory) as well as efficient store operation and sales enhancement (smart retail). The solutions will be gradually expanded to other industries.
Hanwha Vision, which announced its new name in March, will gradually change the names of overseas subsidiaries, products, and solutions based on its business needs in each market.
