Provider of artificial intelligence (AI)-enabled remote video monitoring, management and crime deterrence solutions, Pro-Vigil, has published its “The State of Physical Security Entering 2024” research report.

According to the company, its fourth annual report revealed that despite a quarter of businesses reporting increased physical security incidents in 2023, security strategies continue to remain outdated.

This is especially evident when it comes to the adoption of and education in AI as a component of physical security strategies.

To better understand the security threats businesses are facing today and what they’re doing to combat them, Pro-Vigil polled operations leaders across a range of industries including construction, dealerships (car/truck/boat/RV), retail and manufacturing, among others.

Key findings

Some of the takeaways from the survey include:

Businesses slow to adopt AI in security strategies

• While businesses reported a slight uptick in the adoption of remote video monitoring (RVM) services in 2023, 71% have not integrated AI into their security strategy. 23% don’t know if they’re using AI
• 29% believe AI can be a helpful tool in the fight against crime, while 57% aren’t sure
• Yet, 72% said they aren’t concerned about using AI

Physical security incidents impact businesses’ bottom line

• 25% of respondents saw an increase in physical security incidents in 2023, close to the 28% reported in 2022 and 2021, up from just 20% in 2020
• 26% believe increased incidents can be attributed to a rise in local crime, while 23% say the economy is to blame
• 32% of businesses said they experienced project delays because of physical security incidents, with 30% reporting damage to assets

Perceptions of crime in the year ahead

• 55% of respondents are more worried about crime than a year ago
• 87% predict the number of physical security incidents will increase or stay the same in 2024, with 27% believing that number will rise

To read the research report, click here.