Edit Technologies Executive Summary
Event Driven Interactive Technology, Edit, is an innovative video content management and navigation tool. It has been developed to exploit the perceived certainty that the digital revolution will continuously improve processing, bandwidth and storage performance which, in turn, will eventually lead to the multiple use of video in everyday devices with the potential to record thousands of hours of video.
Every one of the tens of millions of video enabled devices entering the market will have the potential to record and playback video and will need an effective management system to allow the user to navigate such vast quantities of video.
Edit Technologies claims that this can be addressed by two techniques; Event processing, and Iconised labelling, to analyse the content.
Event processing breaks the video down into individual elements. Each element is assigned a label which is delivered to the user in parallel with the video. This ensures that the user device knows exactly what is occurring at any time, whilst the essence and value of each element, or event, is represented by means of the characteristic label, which can then be presented to the user for use as a navigation tool.
Users first set up a profile of the events they wish to record. When those events happen, the recorder captures them. The labels are then presented to the user with which to navigate the content that has been recorded, as per their Profile.
The technology has profound implications for some 15 different global industries, not least of which are the television broadcast industry, together with its relationship with the advertising industry, the security industry, the automobile industry, the mobile ‘phone industry and the education industry.
That this technology will eventually come to the market place is inevitable. Whether it comes to the market place at the hands of Edit Technologies, or of a much larger equipment manufacturer, is another matter. Edit is a very small company, concentrating on developing its intellectual position rather than trading its products openly and totally self funded. Meanwhile, digital video recording products are already appearing on the market, many which appear to offer facilities similar to those which Edit’s technology offers. Most importantly, Edit does not yet have a major investor and, without such, it is difficult to see how the company can enter a market that is dominated by the major consumer electronic product manufacturers. Is it, as a company, large enough to fight off the large international corporations, or will it just sell its technology to the highest bidder, which may then completely subvert the technology in favour of its own? Only time will tell!