This camera, though not cheap, is effectively two cameras in one, which results in ultra-wide 180˚ degree coverage of a location. You’ll also need to provide decent bandwidth (if your Netflix looks OK, you should be fine). The latter two might be stored locally or on the cloud – but expect a subscription fee. You need to think about video in terms of ‘live view’ (what you can see by logging into the camera via an app or hub device), ‘events’ (moments that camera’s motion or sound sensors are activated and a short clip is recorded) and 24/7 video history. While traditional cameras needed something (like a DVR) to connect to, IP offers options including the cloud.
As well as keeping things tidy, it brings all the internet’s advantages, like the ability to remotely connect to the cameras and live view from anywhere. IP is how most data travels around us – over ethernet and wi-fi – and it makes perfect sense to use the same network to carry security video. In the movies at least, you’d also need a dejected old man haplessly watching numerous screens through a night shift. Old-school security networks involved running co-axial cables (and probably power) around the site being secured.