Business

Taking video surveillance beyond human intelligence

Published

3 years ago

2023/07/6

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, in a unique partnership with Irisity, the global leader in artificial intelligence video analytics, revolutionize video surveillance industry by bringing the world’s most advanced video analytics technology to your doorstep.

Irisity’s cutting-edge SaaS platform, IRIS+ goes beyond human capabilities by filtering surveillance footage in real-time to detect suspicious behaviour and provide investigation and root cause analysis through captured real-time data. The software intelligently identifies unwarranted movements such as intrusion detection, violence, trip & fall incidents, loitering, smoke & fire, and more, ensuring comprehensive and vigilant surveillance 24×7.

“Our software implementation is specifically tailored to cater to the evolving needs of video surveillance, including the application of analytics for enhanced functionality. Whether you opt for our cloud-based Software as a Service (SaaS) or on-premises software solutions, our deployment is designed to effectively address current and future demands.”, stated Navin Peiris, Group Chief Officer of Dialog Enterprise, Dialog Axiata PLC.

Continuing, he elaborated, “By leveraging a scalable architecture, our system seamlessly supports a multitude of cameras deployed across different locations, enabling you to harness the power of video surveillance analytics. Furthermore, our solution offers an appealing total cost of ownership (TCO), providing excellent value for your enterprise.”

Irisity’s video intelligence solutions are built on advanced artificial intelligence concepts, complemented by smart anonymization techniques that ensure privacy and data protection. These solutions are renowned for delivering the highest levels of accuracy even in the most challenging environments. Irisity offers technology supports installations to all sizes and can be deployed to vast numbers of cameras, providing high availability and full redundancy to limit service downtime or data loss.

“Specializing in feature-rich video analytics, our platform represents the future of Smart Video Surveillance powered by Artificial Intelligence (AI) to address the evolving security needs of enterprises,” declared Zvika Ashani, CTO of Irisity. “With over 15 years of continuous machine learning and advanced computer vision development, IRIS+ delivers uniquely precise and reliable video analytics,” he added.

The system, available on a single platform, is capable of monitoring large areas with just a few cameras and can detect object movement down to only a few pixels. The entire solution is modular with powerful integration capabilities, enabling Dialog Enterprise to lead the way with Irisity’s proven track record of delivering the highest accuracy.

AI-powered video analytics is revolutionizing security and business intelligence by enabling the detection and identification of threats, crime prevention, and enhanced situational awareness. IRIS+ is currently deployed in diverse global projects across both public and private sectors. It enhances safety, security, and efficiency in various settings, including smart cities, where it monitors traffic, detects crime, and improves public safety.

In addition, IRIS+ is utilized in critical infrastructure monitoring such as distributed manufacturing facilities, power plants, and water treatment facilities. It also plays a crucial role in rail and transportation by monitoring train stations, airports, and other transportation hubs. Furthermore, IRIS+ finds application in education for monitoring schools and universities to ensure safety and security, as well as in healthcare to monitor hospitals and other healthcare facilities for patient safety.

By ensuring quick set-up and easy implementation, Dialog Enterprise aims to equip its local enterprises with this latest technology, in line with its vision to empower domestic entrepreneurship of delivering the best of digitalization for embracing the future, today.

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Business

Sri Lanka secures IMF staff-level deal for USD 700 million tranche

Published

13 hours ago

2026/04/10

Thilina Walpola

Sri Lanka has reached a staff-level agreement with the International Monetary Fund to secure the next tranche of funding under its ongoing bailout programme, marking a key step in the country’s fragile economic recovery.

The agreement, announced this week, will enable Sri Lanka to access approximately USD 700 million, subject to approval by the IMF Executive Board. The funds form part of the USD 2.9 billion Extended Fund Facility (EFF) programme agreed following the 2022 economic crisis.

The latest development covers the combined fifth and sixth reviews of Sri Lanka’s reform programme, indicating that the country has made sufficient progress to move forward, while highlighting the need to sustain reform efforts.

Sri Lanka’s economy has shown signs of stabilisation in recent months, supported by improved revenue collection, easing inflation, and a gradual buildup of foreign reserves. However, the recovery remains vulnerable to both domestic and external pressures.

By Ifham Nizam

Business

Israeli attack on Lebanon triggers local stock market volatility

Published

13 hours ago

2026/04/10

Thilina Walpola

Initially CSE trading was somewhat volatile despite the ceasefire in West Asia but it experienced further volatility after Israel attacked Lebanon yesterday.

However, the IMF delegation which is now in Sri Lanka to release two tranches of its relief package created some positive sentiments for the market, analysts said.

The All Share Price Index went down by 73.06 points, while the S and P SL20 rose by 10.57 points.

Turnover stood at Rs 2.96 billion with six crossings. Those crossings were: JKH 5.5 million shares crossed to the tune of Rs 807.6 million and its shares traded at Rs 19.70, CIC Holdings two million shares crossed for Rs 54 million; its shares traded at Rs 32, Access Engineering 600,000 shares crossed for Rs 44.4 million; its shares traded at Rs 74, Central Finance 116,000 shares crossed to the tune of Rs 27.5 million ; its shares sold at Rs 237, LMF 250,000 shares crossed for Rs 22.8 million; its shares fetched Rs 91.10 and Kelani Cables 200,000 shares crossed for Rs 21 million and its shares traded at Rs 105.

In the retail market seven companies that mainly contributed to the turnover were; Dialog Rs237 million (7.5 million shares traded), LMF Rs 203 million (22 million shares traded), Colombo Dockyard Rs 199.7 million (1.1 million shares traded), HBA Foods Rs 163 million (18.5 million shares traded), JKH Rs 156 million (7.8 million shares traded), JKH Rs 156 million (7.8 million shares traded), Softlogic Holdings Rs 117 million (9.6 million shares traded) and Acme Printers Rs 107 million (15.6 million shares traded). During the day 133.3 million share volumes changed hands in 23666 transactions.

It is said that manufacturing sector counters, like JKH, performed well, while food sector counters, especially LMF and HBA Foods, performed well. Other sectors too performed somewhat well during the day.

Yesterday the rupee was quoted a Rs 315.42/48 to the US dollar in the spot market from 315.30/40 the previous day, dealers said, while bond yields were quoted higher.

By Hiran H. Senewiratne

Business

HNB Assurance marks 25 years with strategic transformation to ‘HNB Life’

Published

13 hours ago

2026/04/10

Thilina Walpola

Highlights from the new brand reveal as HNB Assurance transforms into HNB Life

Marking 25 years of trust, growth, and service excellence, HNB Assurance PLC has unveiled its new corporate identity, transitioning to HNB Life PLC a strategic evolution that reflects the company’s forward-looking vision and commitment to empowering lives with protection and the freedom to thrive, no matter where life takes them.

This milestone signifies more than a change in name or visual identity. It represents a deliberate transformation shaped by strong performance over the past few years, during which the company has achieved remarkable growth, strengthened its market position and enhanced its customer-centric capabilities.

The newly introduced logo, inspired by the form of a wing, symbolises HNB Life’s role as a proactive enabler. It reflects the organisation’s commitment to supporting individuals in navigating life’s journey with confidence, empowering them to pursue their aspirations and live life on their own terms.

The official unveiling took place at a launch event attended by key stakeholders, strategic business partners, well-wishers and employees.

Addressing the gathering, Chairman, Stuart Chapman highlighted the significance of this transformation, stating, “As we mark 25 years of progress, the transition to HNB Life reflects our strategic intent to evolve with the changing needs of our customers and the broader market. This new identity embodies our purpose, to enable and empower individuals to achieve what they truly aspire to in life, with confidence and security. As a company we are extremely excited on what the future holds for as, as we build on an incredible foundation laid over the past two and a half decades.”

The new Vision of the Company is “To be the leader in empowering lives with protection and freedom to thrive, no matter where life takes them”.