I’ll cut right to the chase and say that AI will be a dominant aspect of our future, writes Steve Van Till, Founder and CEO of Brivo.
I say that for two reasons. First, software is rapidly becoming the largest part of security industry product revenue.
On a global basis, software’s share of product wallet is estimated to have grown from approximately 5% in 2000 to roughly 30% in 2024. In the US it’s even higher, with 2030 share predicted to be approximately 45%.
Second, generative AI is becoming the biggest platform for new software development and production deployment.
Claude, for example, recently duplicated all the functionality of Slack in about 30 hours of runtime compute.
Sure, it’s a bit of a parlour trick, but it shows that within a short amount of time, no platform will be immune to duplication.
The software development community sort of stood by while earlier generations of technology ate up copyrighted material in print, music and video, but now it’s our turn.
Fortunately, the security industry has a variety of moats that will mute this effect for our products and channel partners – most notably an indelible reliance on hardware devices and the expertise of systems integrators.
Steve Van Till
Steve is Founder and CEO of Brivo.
He holds numerous patents in the field of physical security and previously served in a variety of senior management roles in high technology companies spanning web development, healthcare and satellite communications.
Steve is the author of The Five Technological Forces Disrupting Security, winner of the ASIS International 2017 Book of the Year Award.
He currently serves as Chairman of the Standards Committee for the Security Industry Association (SIA), who awarded him the 2019 Lippert Memorial Award.
He was also 2019 inductee to SSI’s Industry Hall of Fame, recognising those who have contributed most significantly to the security industry.
Prior to founding Brivo, he served as Director of Internet Consulting at Publicis Sapient, led Internet strategy at healthcare analytics provider HCIA and developed satellite communications products at Comsat and Geostar.
Steve holds a Bachelor of Arts from Calvin University.