Video surveillance has often proven helpful in producing evidence after a crime has been committed, and plays a role in deterring some incidents. But unfortunately, it seems video surveillance is no longer enough. Threats of violence and attacks have become more prevalent, forcing us to increase our security measures.
Containing and preventing violence has become rather costly over the years. In fact, the economic costs for prevention and recovery reached a peak high at $52.9 billion in 2014. This cost is far greater than the cost of carrying out the acts.
A real time solution is necessary. This can start with technology that has the ability to detect weapons while assessing the level of threat in the process. While this advanced technology could save lives, it could also save us billions of dollars by stopping these incidents before they happen.
For example, the fiscal impact of the September 11th attacks was found to have cost $55 billion in physical damage, $123 billion in economic damage, along with other expenses such as developing the Homeland Security Department and funding the war. The tragedy of lives lost and money spent to repair damages shows us that a more proactive approach, rather than reactive measures, would prove to be more effective.
It is estimated that the United States spends about $100 billion a year on counter-terrorism measures. With proactive efforts, these reactive expenses could possibly go toward other areas that need attention and improvement.
Aside from anti-terrorism, surveillance technologies can benefit many industries. For example, big retailers are investing more into their security. Wal-Mart, for instance, is in the process of deploying drones to monitor warehouse inventory. It is advances like this that get us one step closer to embracing futuristic machines.
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