Face recognition is no longer a fantasy that enthralls us in sci-fi movies. The technological advancements in recent years have led to the proliferation of face recognition systems in our daily lives. Today, numerous applications use face recognition technology in the smart devices we own. It ensures enhanced data protection and privacy for the users.
Face recognition technology has been around in one way or the other since the 1960s. However, with technological advancements across verticals, the market for face recognition systems has skyrocketed recently. The worldwide market for face recognition was valued at USD 4.4 billion in 2019. It is predicted to grow at a CAGR of 17.6% during 2020-2025, thanks to the growing need for multi-factor authentication.
The market is working towards increasing the accuracy of the technology and continues to explore its various possibilities. In the following discussion, let us analyze whether face recognition systems can create a safer and responsible world or not.
Demystifying face recognition technology
Simply put, face recognition is the process of recognizing a human face using technology. It is one of the biometric tools capable of identifying or verifying a face through facial patterns and data. As per definition, face recognition technology is a biometric software application that can identify or verify a person by comparing and analyzing patterns based on people’s facial contours.
Generally, there are three steps used in face recognition technology.
Everyday use cases of face recognition technology
Face recognition technology is currently found in numerous innovative end-user applications. Listed below are a few use cases.
How do businesses and governments take advantage of face recognition?
Deployment of face recognition systems is rapidly progressing in the business world, thanks to the exciting possibilities the technology has opened up. The adoption rate is steadily increasing in various sectors, such as healthcare, banking, digital marketing, and biometric surveillance systems, to name a few.
Listed below are some areas where businesses currently use face recognition:
Transforming retail stores
The retail industry is an early adopter of face recognition systems for surveillance, and the adoption rates are augmenting at a rapid pace. Apart from improving surveillance, retail stores use it for other functions such as to customize the shopping experience, identify shoplifters, improve customer service, and more. Famous retail chains like Walmart have already introduced some of these features in their stores.
By putting face recognition into action, organizations can move one step closer to creating a safer workplace. It is used in areas where employee identity verification is required, like entry to the workplace, approve financial transactions, access confidential information, etc. In the current pandemic-driven world, it has become a need for businesses to avoid man to machine or man to man contact, and face recognition is a savior here.
Trace missing children
Face recognition has evolved as a powerful tool to locate individuals reported as missing, especially children and disoriented people. Using deep machine learning techniques and face recognition, police in India were able to reunite thousands of kids with their families in the last couple of years.
This revolutionary technology is gaining momentum in the healthcare sector too. From accurate patient identification to securing hospital facilities and avoiding fraud, face recognition applications are used for several healthcare industry purposes. Furthermore, it is used for emotion detection and sentimental analysis of patients, leading to improved care quality.
Many companies have been using biometric systems for tracking employee attendance and schedule. Face recognition takes it to the next level of creating smarter workplaces. Several workforce management solutions currently use face recognition to track employee productivity, calculate payroll, and assess job satisfaction.
Does face recognition lead to a safer world?
Undoubtedly, face recognition technology has excellent potential to create a better world. It can primarily help to reduce unauthorized entry into buildings, workplaces, and other establishments, and assist in enhancing the security features. It is also becoming a favored option for financial institutions to prevent fraud and safeguard valuables. It helps to detect employees in warehouses and factory production lines when they avoid safety precautions or compromise on compliance requirements. Governments can aim for better enforcement of law and order as well.
However, face recognition is linked to data privacy concerns similar to other biometric systems. The ethical quandary on surveillance is also a significant concern. The inaccuracy of face recognition systems while identifying specific groups of people is yet another challenge to address. An error in identification can lead to misinterpretation of identities resulting in wrongful convictions at times.
If used responsibly and under necessary regulations, face recognition is a technology capable of creating a safer world. It is up to the solution providers and governments to pave the way for responsible implementation of this cutting-edge technology.