Any reputable business looking to increase profit and reduce costs should start by looking at workplace crime. It’s projected that workplace crime costs businesses more than 50$ billion each year. Of those misdemeanours, 68% were committed against small and mid-sized businesses. 

Crime affects businesses in many ways. It’s demanding both financially and operational. It can also erode the trust between teams and make employees fearful to even come to the office. It takes a sole act of crime, and your business will suffer a long-lasting impact – one that teams and managers will struggle to overcome for many years. 

Corporations that view security cameras as important business security or operational assets would upgrade their CCTV systems every five years, ensuring that their technology is up to date with the latest capabilities. 

Now with the latest tech advancements, newer CCTV systems and security cameras, it’s important to ensure your security system will continue to keep your business and employees safe and sound. Here are some of the reasons why you should upgrade your CCTV system right away. 

1. Decision-making 

CCTV Systems aren’t just useful for deterring or solving crimes. Security systems can help with other aspects of a business. For example, legal experts from argue that upgrading your CCTV and security camera will prove invaluable for solving disputes between employees, and incidents where the clients were involved, or something similar. 

During a disciplinary hearing, both the employee and the business are allowed to submit evidence in support of their case, and CCTV footage could help with this. 

Upgrading your security cameras to benefit from the latest tech capabilities can help you make decisions that could help you earn more. Retail businesses have so much to gain from this: 

  • Determine the type of products customers are most interested in 
  • Track customer movement patterns throughout your store 
  • Track the number of people entering your store
  • How staff members assist customers 

This type of information can be used to make the appropriate decisions to your business operations and layout how you interact with customers, not to mention you may very well learn things about your customers and business that you wouldn’t learn otherwise. 

2. Reduced cost of ownership 

More often than not, companies don’t want to upgrade their security systems because they fear the initial hefty costs. But, in most cases, companies actually stand to benefit from upgrading their CCTV systems. This is due to the expanded integration ability that these systems have with other systems. For instance, older security systems often relied on typical CCTV lines for remote surveillance cameras with things like ‘red care” BT lines to deal with alarm reception. 

But modern systems no longer need these features, not to mention many remote cameras can be integrated over standard customer broadband, even for large sites. IP surveillance systems use this even more by leveraging existing IT networks. 

Related:   Definition: Amazon ACoS

3. Superior System Integration 

Not long-ago businesses used to implement numerous different systems to cover different purposes. Often, they implemented systems for CCTV, barriers, access control and gates along with signing in and out. But times have changed, and so have the surveillance technologies. Today, however, it’s a much more common occurrence to make everything more open and interoperable.  

For example, systems like VideoXpert allow simple integration with access control systems, so when reviewing surveillance footage, you can easily view it alongside the user access data derived from door entry systems. 

On the other hand, systems like Paxton’s Net2 allows viewing of footage from their access control interface, which means employees only have to familiarize themselves with a single interface to view multiple systems. In short, you can gather the information you need quickly while also reducing the employee’s training costs and time spent reviewing incidents. 

4. Cloud-based systems 

The latest CCTV systems allow for built-in storage on Cloud security cameras and plug and play capabilities. In other words, there would be no single point of failure in your security system and the system will be substantially scalable, as you won’t have to replace or upgrade your NVR as your system grows. Moreover, all footage is backed up in the cloud, which means you can never lose important data like you can with a physical DVR or NVR recorder if the footage is stolen or the hard drive fails. 

cctv cam

Uploading data into the cloud is much safer because the cloud has end-to-end encryption, which provides a more reliable system for your security cameras. For example, cloud storage can help businesses with things like improved GDPR, which ensure that data and video storage is safe from the threat of hard-drive failure and theft.

5. Video Analytics 

More efficient CCTV systems feature user interfaces and video analytics that reduce the amount of time you usually take to look for footage or make your security more efficient. 

Mostly built on mathematical algorithms, video analytics systems can analyze, monitor, and manage large volumes of video, helping security managers make decisions and manage multiple security cameras.  

There you have it – some compelling reasons why you should upgrade your business security system. Staying on top of trends and upgrading your CCTV every five years is important for a series of factors. You will reduce cost inefficiencies, ensure employee and customer safety and maintain brand loyalty. Don’t worry about the initial-up-front costs. In the long run, the benefits will pay off massively down the line – these costs will be far outweighed by long-term maintenance costs, usability, and security.