There’s no gainsaying that businesses are prone to different types of risks. These potential risk factors can cause significant damage that requires considerable time and resources to repair. Owing to the many risks associated with running a business, many business leaders are always seeking new ways to anticipate and mitigate them.
As a business owner, you must prioritize the safety of your business, employees, and customers. Fortunately, we’ve seen the emergence of several innovative technologies for business monitoring and surveillance. Want to know how to choose the right solution for your business? Not to worry, this article has got your bases covered.
Identify the Risk
Before choosing a surveillance solution, you must first identify the risks that pose a severe threat to your business operations. Identifying risks is a critical aspect of strategic business planning. A well-prepared business can significantly reduce the impact of risk on productivity, operational efficiency, and overall bottom line. In addition, it enables them to adequately prepare to mitigate the threat when it becomes a reality.
Thanks to innovative risk management solutions, business owners and chief executive officers (CEOs) can identify risks that are implicit in their industry niche. Most risk assessment strategies rely on actionable insights gained from critically analyzing the business’s activities. Many companies, if not all, face physical risks like spills, trips, or falls. These can happen at any time in a manufacturing company. Similarly, brick-and-mortar stores run the risk of theft, vandalism, fire, or explosions.
Once you identify the risks facing your business, prioritize them following a probability scale or their likelihood of occurring. The key takeaway is that identifying risks that pose a threat to your business helps you plan how best to mitigate them.
Decide on Specifications
If your business attracts considerable human traffic, getting an efficient and reliable video surveillance system is imperative. A video surveillance system provides round-the-clock surveillance at your business premises. In addition, it allows your security team to monitor live events as they happen.
Video surveillance can help you mitigate burglary, theft, intrusion, and vandalism. Before choosing a secure video surveillance system, think about the camera type, storage needs, and aspects of your business that require surveillance. Surveillance systems are of two main types; analog and digital video systems.
Digital/IP security cameras provide many functionalities, including system monitoring, real-time recording, intrusion alarms, access control, and cloud storage. Some modern digital cameras have Wi-Fi, HD display resolution, night vision, and motion detection features.
Know the Installation Requirements
Installing video surveillance systems around your business premises doesn’t have to be daunting. DIY-minded business owners can decide to carry out the entire installation process themselves. However, if you have no experience drilling holes through walls to pass video and power cables, consider contacting a technician to set up your system.
Whether you want to install the system yourself or outsource, make sure the system covers the front and back doors, main workspace, driveways, and off-street windows. Remember to place a surveillance system in areas that are prone to threats. More importantly, make sure nothing is blocking the surveillance system from providing the best possible view.
Consider Purchase Costs
You don’t have to break the bank to find the right solution for your business. Before you go shopping for surveillance systems, you must first decide how much you can afford to pay without putting your business finances at risk. Furthermore, compare as many systems as possible before settling for a particular one. Surveillance solutions don’t come cheap. In the United States, their prices range from a few hundred dollars to thousands of dollars, depending on the manufacturer.
Some companies prefer buying each piece of surveillance equipment individually. If your price range can take that, consider purchasing a bundled solution. The bare minimum for most bundled modules includes two to three cameras, wiring cables, a digital video recorder (DVR), and power cords.