Algolux receives F&S award for new computer vision technology
Following their recent assessment of the North American computer vision market, Frost & Sullivan has named Algolux as the winner of the 2021 North America Technology Innovation Leadership Award in the computer vision space.
The company offers innovative artificial intelligence (AI)-based computer vision and image optimisation solutions to address mission-critical safety concerns for automotive advanced driver-assistance systems (ADAS), autonomous vehicles, and transport applications. It leverages these industries’ existing and emerging growth opportunities to deliver better vision accuracy, especially in challenging conditions like low lighting and poor weather.
Frost & Sullivan Best Practices awards recognise companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
According to Frost & Sullivan, by rethinking the vision architecture, Algolux solves the inherent issues of computer vision systems and delivers unprecedented performance improvements through its novel approach.
Algolux’s novel technologies focus on exploiting vision systems well beyond the capabilities of state-of-the-art techniques. The company relates the limitations of existing computer vision models and neural networks to the widespread use of the traditional “silo” approach, making it the first company to leverage computational imaging techniques to design algorithms that treat the camera as part of the overall vision stack. Furthermore, their computer vision technology is compatible with existing and emerging innovations and can easily adapt to lens components, image sensor types, and compute platforms.
According to Frost & Sullivan’s Best Practices Research analyst Sama Suwal, “Algolux’s innovative vision solutions considerably outperform other state-of-the-art computer vision solutions available in the market, resulting in notable enhancements in object detection accuracy under an array of scenarios. Customers can apply the spectrum of embedded and cloud-based solutions to improve computer vision accuracy; in some cases, an increase of over 40% mean Average Precision (mAP) can be achieved instantly without changing any system components.”
Its innovative Eos Embedded Perception Software improves vision system robustness by up to three-fold under all conditions, especially in unfavorable low light and poor weather scenarios. The efficient and flexible solution enables:
- seamless camera lens customisation
- sensor configurations customisation
- multi-sensor fusion
Customers can embed the Eos stack into their new designs to improve their imaging system’s vision capabilities.
The Atlas Camera Optimisation Suite automatically optimises camera configurations to deliver optimal image quality for computer vision applications. The camera optimisation solution addresses the limitations of traditional image processor tuning workflows and significantly improves computer vision results in days rather than months, accelerating time to revenue.
Frost & Sullivan’s industry analyst, Varun Babu, said, “Algolux strives to leverage its pioneering computer vision solutions, solid growth strategy, unmatched industry expertise, and strong market reputation to build on its 2020 momentum and register record growth in 2021.”
Algolux reported accelerated progress since 2020 due to what F&S describes as its “strong growth strategy and market reputation, unparalleled industry expertise, and exceptional technology solutions (industry-leading computer vision solutions). As a result, it recorded its highest financial success during the pandemic, and these factors position it for robust future growth.”
For its strong overall performance, Algolux earns Frost & Sullivan’s 2021 North America Technology Innovation Leadership Award in the computer vision industry.
Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognises the quality of the solution and the customer value enhancements it enables.
Photo – top of page – Algolux.com – video screen capture