Round Table Expert panel

Small and medium-sized businesses (SMBs) make huge contributions to the economy overall. Considered individually, they may not be as large as companies in the enterprise market, but they have big requirements when it comes to security. SMBs also present unique challenges to security manufacturers and integrators seeking to serve their needs. We asked this week’s Expert Panel Roundtable: What are the security challenges of protecting small and medium-sized businesses (SMBs)?

Our Expert Panel Roundtable is an opinionated group. However, for a variety of reasons, we are sometimes guilty of not publishing their musings in a timely manner. At the end of 2020, we came across several interesting comments among those that were previously unpublished. Following is a catch-all collection of those responses, addressing some of the most current and important issues in the security marketplace in 2021.

The COVID-19 global pandemic had a life-changing impact on all of us in 2020, including a multi-faceted jolt on the physical security industry. With the benefit of hindsight, we can now see more clearly the exact nature and extent of that impact. And it’s not over yet: The pandemic will continue to be top-of-mind in 2021. We asked this week’s Expert Panel Roundtable: What have been the positive and negative effects of Covid-19 on the physical security industry in 2020? What impact will it have on 2021?

The “Roaring Twenties” was a decade of economic growth and widespread prosperity, driven by recovery from devastation, a construction boom, and welcoming of new technologies such as automobiles and electricity. As we look ahead to the big picture of the 2020s, 100 years later, are there parallels that suggest a successful decade ahead? Might recovery from the devastation of COVID-19 help to drive even higher levels of economic growth and technical innovation? We asked this week’s Expert Panel Roundtable: Does the new decade represent a new “Roaring Twenties” for the physical security market?

We are several weeks into 2021, and it is already shaping up to be an eventful year. The happenings and trends from 2020 will likely carry over into the new year, but in a fast-moving industry such as ours, there will also be additional trends to watch. Looking toward the year ahead, we asked this week’s Expert Panel Roundtable: What will be the biggest security trends in 2021?

As an industry, we often speak in buzzwords. In addition to being catchy and easy to remember, these new and trendy industry terms can also reflect the state of the security market’s technology. In short, the latest buzzwords provide a kind of shorthand description of where the industry is - and where it’s going. We asked this week’s Expert Panel Roundtable: What new buzzword(s) rose to prominence in the security industry in 2020? (And how do they reflect industry trends?)

What a year 2020 was for the security industry! There were vast challenges that could not have been foreseen at the beginning of the year. It is safe to say that the events of 2020 defied all industry prognosticators. However, is that any reason not to hope our expectations looking ahead to 2021 will be much closer to reality? Can we possibly benefit from looking ahead and trying to plan for the challenges of the year ahead? We asked this week’s Expert Panel Roundtable: What will be the security industry’s biggest challenge in 2021?

As a subset of the larger economy, the security industry is bound to feel the effects of an economic downturn. Such was the case in 2020 when the COVID-19 pandemic undermined economic growth and presented a brand new set of challenges to business. The security industry has been able to pivot toward emerging opportunities, but that success has been offset by broader economic challenges. We asked this week’s Expert Panel Roundtable: What impact, positive or negative, has the larger economy had on the security marketplace in 2020?

Internet-based training has long provided a less-expensive alternative to in-person classroom time. There are even universities that provide most or all of their instruction online. However, the COVID-19 pandemic has expanded acceptance even more and increased usage of internet-based meeting and learning tools. We asked this week’s Expert Panel Roundtable: How can remote or internet-based training benefit the physical security market?

Artificial intelligence is more than just the latest buzzword in the security marketplace. In some cases, smarter computer technologies like AI and machine learning (ML) are helping to transform how security operates. AI is also expanding the industry’s use cases, sometimes even beyond the historic province of the security realm. It turns out that AI is also a timely tool in the middle of a global pandemic. We asked this week’s Expert Panel Roundtable: How is artificial intelligence (AI) changing the security market?

Facial recognition is the latest technology to be targeted because of concerns about privacy. If such concerns cloud the public perception, they can be harmful to technology markets. Whether the concerns are genuine or based on misinformation is often beside the point; the practical damage has already been done. But beyond market demand, what is the impact of privacy concerns on technology innovation? We asked this week’s Expert Panel Roundtable: Are privacy concerns stifling innovation in security and related markets? 

Video storage has been a challenge since the days of VCRs and videotape. Storing images is a central need for any video systems, especially one that is focused on the forensic and investigative aspects of video. Today, digital video is stored on hard drives and even in the cloud. Increasingly, video is considered “data” that drives a variety of video analytics and even artificial intelligence (AI) applications. We asked this week’s Expert Panel Roundtable: What are the new trends and opportunities in video storage?

Should security spending be a one-time capital expense or as an ongoing operating expense? At first glance, the question appears to be an accounting issue with little impact on the actual equipment or systems involved. However, as security professionals seek to cost-justify new systems, the question may be central to providing the “best security for the money” and a system that fits the company’s continuing needs. We asked this week’s Expert Panel Roundtable: Should security be a capital expense (CAPEX) or an operating expense (OPEX)? Is the trend shifting and what is the impact?

For most security end users, keeping all their data on the premises “feels” more secure. But in the age of Internet connectivity, that feeling of safety is mostly an illusion. In any case, increasingly, video and other security systems are migrating to the cloud. So are most other business IT systems for that matter. However, when “security” is in your job title, it becomes that much more important to ensure that data is reliably protected. We asked this week’s Expert Panel Roundtable: Are cloud-based security systems more or less secure than on-premise systems? How and why?

Traditionally, security industry professionals have often come from backgrounds in law enforcement or the military. However, the industry is changing, and today’s security professionals can benefit from a variety of backgrounds and educational disciplines. The industry’s emphasis on technology solutions suggests a need for more students of computer science, engineering and other technology fields. The closer integration of security with related disciplines within the enterprise suggests a need to prepare through a broad array of educational pursuits. We asked this week’s Expert Panel Roundtable: What is the role of higher education to create the next generation of physical security leaders?