As the need to combat identity theft, security breaches and data theft increases, the use and reliance on biometric technology is propagating at an even faster rate. From governments to private businesses, all are searching for a reliable form of authentication technology that is both reliable and impossible to breach.
It is estimated that by the year 2020, the biometric market will touch $41.5 billion ($14.9 billion in 2015).
The following biometric trends are quickly emerging and will soon be the leading way to ensure security and authenticity:
Mobile Biometric Equipment
This portable Attendance Machine is becoming extensively used in healthcare settings. For example, to speed patient verification and administration, many hospitals and healthcare establishments are utilizing fingerprint scanners to rapidly identify the person’s identity.
This technology is also being used at the Iraqi border to record visitors. Normally, the process of manually documenting a single visitor would take up to 20 minutes. With this new technology, the fingerprint is merely scanned within a few seconds, making the check-in process more expedient. Currently, there are approximately 100 fingerprint terminals around the world.
Pin Code Verification
When you visit an ATM to withdraw money, you likely enter a four digit pin code. This pin code is not that common. In fact, up to 25% of the population will share the exact same pin code.
To counter account hacking and credit card fraud, companies are increasingly relying upon authentication systems. This new technology is rapidly spreading into the consumer and retail sector.
Tracking Employee Attendance
Tracking employee attendance manually is a time consuming endeavour for HR personnel. It also leaves a lot of room for employee lateness and fraud, i.e. co-workers clocking a colleague in and out. This costs companies thousands of dollars in lost revenue each year. To improve employee attendance rates, many companies are implementing various time management and tracking systems that rely on iris or facial recognition, fingerprint scanning, etc. to verify that a particular employee was present during their scheduled time.
Many industries want to introduce a multi-factor biometric verification process into their company policy. They might use both face and voice biometrics to correctly verify an employee’s identity. This is far better than using a password which is easy to crack and steal.
Can biometric technology help reduce the number of drug and alcohol related car accidents? Absolutely! Many automotive companies are currently experimenting with gait and facial recognition technology that determines whether the person is fit to drive. Although this technology is still in testing phase, it is certainly a creative and ingenious application for public safety.