Trends Report

The State Of Computer Vision Technology, 2024

Edge Computing, Pretrained Models, And Algorithm Advancements Drive Adoption

April 12th, 2024
Indranil Bandyopadhyay, Principal Analyst
Indranil Bandyopadhyay Principal Analyst
With contributors:
Oliwia Berdak , Hannah Jachim , Demi Starks

Summary

Computer vision (CV) automates visual data interpretation, enabling machines to recognize patterns and objects. Advancements in machine learning, enhanced computing power on devices like smartphones, and increased data availability have accelerated the adoption of CV-powered applications in industries like automotive, security, insurance, and healthcare. CV’s business benefits include operational efficiency, greater safety, and improved customer experience. This report outlines the state of CV technology and fundamental use cases in six key industries.

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