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With a rapidly changing security landscape, opportunities for contract services abound as customers want solutions that can grow and change with their businesses.
Recurring revenue within the alarm industry has been the lifeblood of alarm dealers for decades. On the integration side of the physical security industry, however, many security integrators have historically had little or no recurring revenue.
We are all collectively experiencing the proverbial “nightmare” scenario: a healthcare and business crisis [i.e. COVID-19] that got here in a flash and left us in a social distancing experiment. While change was forced upon us, I believe some of it will be positive moving forward.
Waypoint announced strategic partnership agreements with two subscription-based cloud offering platforms, Virtusa and StreamOne Enterprise (formerly Avnet / TechData), as well as certified expertise with Amazon Web Services (AWS). These platforms will help Waypoint clients to eliminate the capital expense associated with the hardware and software needed to deliver data management and analytics projects, while also reducing the burden on their existing IT departments.
Tyco Security Products announced that Travis Unified School District in Fairfield, Calif., has chosen a hybrid PowerSeries Neo intrusion system paired with Alarm.com’s connected services to comprehensively manage security at its schools, located within Travis Air Force Base and in neighboring cities and towns. The district includes a middle school, two high schools, a day school and five elementary schools and serves 5,500 students in the area.
People hear the term “cloud computing” and conclude the underlying rationale is cost savings. I believe it is in fact security. While cost savings is no doubt a critical driver of adoption, I would ask a larger question: “What happens to the global economy and our national defense if the Internet cannot be secured?”