After an exhilarating & successful experience as an exhibitor at IBC 2019 in Amsterdam for the fifth consecutive year, our CEO and Co-Founder, Stefan Lederer sat down with IBC365 Hall reporter David Davies to speak about the latest in video trends and future technologies. By all intents and purposes, Multi-Codec, Multi-Device solutions will drive the future of video! Read the full interview below for the takeaways.
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We’re all living in a Multi-Codec World
DD: What do you think are the key developments in, or threats to, your market sector at the current time?
SL: With streaming becoming one of the preferred ways for consumers to view their favorite content, codecs play a very important role behind the scenes in delivering these high quality streams to consumers. According to Bitmovin’s latest Video Developer Report findings, H.264/AVC is still by far the most popular and widely used video codec, used nine out of ten (91 percent) of all survey respondents. However, planned usage of AV1 is set to triple, with seven percent of respondents having started to work with it and a fifth (20 percent) expected to start using it in the coming year. A common theme that’s emerging in the use of codecs is that many video developers are moving away from using one preferred codec and are starting to select the right codec for the right job. The transition to a multi-codec strategy won’t bring an end to the codec wars immediately, but will help to satisfy uses across all platforms and devices.
DD: What are the major technology drivers for your business going forward?
SL: Our customers are looking to redefine the viewer experience, while drastically lowering streaming cost, as streaming becomes the preeminent way for broadcasters and content owners to deliver video content. But as well as innovating to bring new experiences to screens everywhere, they must also deliver traditional broadcast quality, through an increasingly diverse set of platforms and devices.
As the media landscape grows in complexity, and new players come to the market, Bitmovin is shaping the future of video by enabling broadcasters, publishers and social media companies to deliver content simply, efficiently and at the highest possible quality and the lowest possible bitrate. And it’s that balancing act, between quality and bitrate, that Bitmovin sees as fundamental to the challenges facing the industry, as 4K becomes the standard, and 8K and HDR content emerges.
The Future of Video is driven by AI/ML
DD: Can you briefly outline one of your latest product launches or developments?
SL: Bitmovin believe in data driven development, and over the last year, the Bitmovin Player and Analytics product has been taken from a closed beta release to general availability. It was initially created internally to help debug common playback issues, quality snafus and trace problems across the entire workflow chain so that the perfect playback experience is ensured. New features have been added such as Ads Dashboard and Fraud Detection, and all video developers will now be able to test and optimize their current video player experience using the combined Bitmovin Player and Analytics solution, allowing them to troubleshoot and diagnose problems quicker than ever before.
DD: What are your own observations of IBC 2019 in terms of what it suggests about new technologies and business trends?
SL: The acceleration in Artificial Intelligence (AI) technology was a big discussion at IBC 2019, and Bitmovin’s latest Video Developer Report sees one in four (24 percent) video professionals expecting to start using AI as part of video workflow solutions before the end of 2019. With this sort of technology, developers will be able to deliver personalized high quality video efficiently and reducing costs.
For other great reads about codecs and AI check out the following links!
- Get Ready for a Multi-Codec World (Blog)
- Multi-Codec DASH Dataset: An Evaluation of AV1, AVC, HEVC and VP9 (Blog)
- Object Detection: Accessible now in the dashboard (Blog)
- Bitmovin Magazine – Autumn Edition
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