Iveda Accelerates Real-Time Vape and Anti-Bullying Detection with the Launch of IvedaAI Sense with Cerebro AI Platform

Rhea-AI Summary

Iveda® (IVDA) introduces IvedaAI Sense, an AI-based sensor to enhance public safety by detecting smoke, vapor particles, and bullying incidents. The technology offers real-time alerts, aiming to reduce on-campus fights and smoking rates. With a retail price of $1,500 per unit, Iveda anticipates working with school districts to deploy the system.

Insights

Market Research Analyst

From a market perspective, the introduction of IvedaAI Sense represents a strategic move by Iveda® to capitalize on the growing demand for enhanced security and safety solutions in public spaces, especially educational institutions. The pricing strategy, with a unit cost of $1,500 and campus requirements potentially reaching $300,000, suggests a high-end market positioning that targets sizable institutions. The scalability of the product, based on the number of units required per campus, allows for flexibility in addressing the needs of various-sized schools.

Given the alarming statistics from the FDA regarding teen vaping and the associated healthcare costs, as reported by UC San Francisco School of Nursing, there is a clear market need for solutions that can mitigate these issues. IvedaAI Sense's capability to detect smoke and vapor particles could be a strong selling point, potentially reducing the economic burden on the healthcare system over time. The mention of a reseller network indicates an established channel for distribution, which is crucial for reaching the target market effectively and scaling operations.

Educational Technology Specialist

From an educational technology standpoint, the integration of AI-powered sensors like IvedaAI Sense into school environments is an innovative approach to tackling prevalent issues such as bullying and vaping. The use of deep learning technology to improve analytics and decision-making is indicative of a trend towards more data-driven management within schools. The potential impact on student behavior and campus safety could be significant, as real-time alerts enable swift intervention by administrators.

However, the adoption of such technology also raises questions about privacy and the balance between surveillance and safety. It is important for schools to establish clear guidelines and communicate with stakeholders to ensure that the technology is used ethically and effectively. The effectiveness of IvedaAI Sense in reducing incidents will also depend on how well the technology is integrated into the broader disciplinary and support systems within the school.

Healthcare Policy Analyst

From a healthcare policy perspective, the deployment of AI-based sensors like IvedaAI Sense could potentially influence public health outcomes. The direct correlation between vaping among teens and increased healthcare costs provides a compelling argument for preventative measures. By potentially reducing vaping rates through early detection, there could be a downstream effect on healthcare expenditures. It is important to consider the long-term impact of such technologies on public health and the potential savings that could be achieved.

Furthermore, the emphasis on bullying detection highlights a commitment to addressing mental health and well-being in educational settings. The societal costs of bullying are not always quantifiable in monetary terms, but they can have lasting effects on individuals and communities. The introduction of technology to combat bullying aligns with broader public health goals of creating safer and more supportive environments for youth.

AI-powered sensors enhance public safety, mitigating on-campus danger through real-time alerts

MESA, Ariz.--(BUSINESS WIRE)-- Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today unveils the launch of IvedaAI Sense, an AI-based sensor that can precisely detect smoke and vapor particles and incidents of bullying. Integrated into the IvedaAI platform, IvedaAI Sense can be installed in various settings, including schools, offices, and other public spaces. IvedaAI uses deep learning technology to constantly observe everyday behaviors and patterns, continually improving its analytics to make informed recommendations and decisions. Providing real-time alerts and notifications, IvedaAI Sense’s state-of-the-art technology can help reduce on-campus fights and smoking rates, creating a more functional and safer environment for all.

IvedaAI Sense has a suggested retail price of $1,500 per unit at its standard configuration, with school campus requirements anticipated to range from 40–200 units (or $60,000–$300,000) depending on the size of the campus. Iveda anticipates working with school districts––specifically those with multiple schools/campuses––as the primary decision maker and purchaser of an IvedaAI Sense deployment. Iveda’s established reseller network includes the direct customer contacts required to showcase IvedaAI Sense to those most likely to benefit from the technology.

As the teen vaping epidemic continues to prevail, school administrators and health officials are struggling to combat the deadly trend. In 2023, the U.S. Food and Drug Administration (FDA), reported that more than 1 out of 4 students use e-cigarette products daily. Further, a study published by UC San Francisco School of Nursing estimates that the use of electronic cigarettes costs the United States $15 billion annually in health care expenditures––more than $2,000 per person a year––and in a school setting, it can be impossible for teachers and administrators to account for each student’s usage.

Many school aged children are also being impacted by on-campus bullying. It was reported between 2019-2020 that 47% of students experienced bullying in the classroom, and 39% were either bullied in the hallway or stairwells. Government issued grants, including those from the Bureau of Justice Assistance and The U.S. Department of Justice––which actively provided more than $78M over the course of 2023 to school districts and organizations around the country––are aiding in the effort to combat violence in schools. And yet, teachers and administrative staff still struggle to monitor each student’s movements and actions throughout the day. AI-powered sensors are stepping in to do just that.

“Schools are facing insurmountable challenges in reducing the prevalence of dangerous acts like vaping and bullying on campus. With the launch of IvedaAI Sense, we’re providing schools and other public spaces with the tools needed to accurately monitor instances of vaping and bullying so they can act before harm is done,” said David Ly, CEO, and founder of Iveda. “Detection and intervention are the first steps to combating these behaviors, and having an added layer of protection on campus can accelerate the fight. Iveda is on a mission to help school systems counterattack the vaping and bullying epidemic with the launch of this new technology.”

IvedaAI Sense works by surveilling indoor air quality and soundwaves, monitoring specifically for smoke, vapor particles, or increasing volumes and vibrations in voices, like when a verbal or physical fight is instigated. If any abnormalities are identified, a notification for either “Vape,” “Tampering,” or “Bullying” will be provided through the IvedaAI platform to the designated administrator. IvedaAI Sense can identify the pre-assigned room where the sensor is installed, pinpointing the exact location of the incident.

IvedaAI Sense looks and operates like a traditional smoke detector. Network connectivity for data and internet connection is provided with the convenience of a single PoE (Power of Ethernet) plug. A simple ethernet cable drop is all that’s required to deploy the technology and can be accomplished by any licensed low-voltage electrician or in-house IT staff.

The launch of IvedaAI sense comes on the heels of Iveda’s partnership with Claro Enterprise Solutions to equip schools with advanced AI solutions that quickly analyze and report campus video footage to help locate, track, and isolate threats in real-time. Providing AI-backed technology and real-time alerts, Iveda is continuing to underscore its mission to deliver solutions that help protect the people and places that matter most.

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”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220170711/en/

Olivia Civiletto Erwin

olivia@dottedlinecomm.com

617.477.9857

Source: Iveda

FAQ

What is the name of the AI-based sensor introduced by Iveda®?

IvedaAI Sense

What is the ticker symbol for Iveda®?

IVDA

How does IvedaAI Sense enhance public safety?

By detecting smoke, vapor particles, and bullying incidents through real-time alerts.

What is the retail price of IvedaAI Sense per unit?

$1,500

Who is Iveda anticipating to work with for the deployment of IvedaAI Sense?

School districts