Face Recognition: The Path Towards Complete Automation

Face recognition technology is present all over the world. However, there are still companies that cannot move on from documentation stuff. It is possible because everybody is too far away from acquiring technology. 

According to the research, the global facial recognition system is expected to experience an increase of 16.6% CAGR that reaches the elevated value of $7 billion by 2024. It is a type of growth that is highly justified and due to this facial recognition technology is found everywhere even in our daily lives. 

Some European and Asian nations have to lead the foreign delegates to the advancement of technology. It is because the face identification system will take the place of identity documents. It is important because facial verification solutions are found on electronic devices and social media platforms. Moreover, they are also found in agencies and airports. However, the advanced type of technology has its limitations along with the benefits for different sectors. 

What Challenges are there on The Path of Facial Recognition Technology?

It is never the case at all that the regulatory bodies have allowed the clients to do whatever they want with the latest technology. Therefore, there are some limitations and restrictions on the use of information from the side of the public. 

There was a surveillance bill signed by the supervisory body of San Francisco. It was about banning the use of facial recognition technology in 2019. Other states that followed the act were San Diego and Somerville. 

One of the best ways suggested is to deal with the client’s data with utmost care and the same care should be applied to the use of technology. 

The protection of the customer data and its privacy should be the main concern of the supervisory bodies. This objective is behind the GDPR and CCPA regulatory sectors in order to use customer information through the private sector. 

In such cases, the private sector is the one that is least impacted by the hindrances of facial biometric points. So, compliance with the information protection regulations and the careful usage of clients’ information will lead to elevated growth of the facial recognition technology sector. 

How does facial recognition technology help with crime prevention?

The regulatory bodies of the crime department are always in the effort to tackle any shortcomings in the social infrastructure so that the criminal activities can be prevented and an air of safety be established in the society. The FBI makes use of face verification and authentication technology in order to pinpoint the perpetrators. Whenever the match is found in the databases of criminals. It greatly helps with proofing and starting a criminal investigation against the robber. 

Moreover, the police sector in some regions of the USA makes use of facial recognition technology in order to identify the criminal through the use of public cameras. The police staff members are working on the technology for improving it because the group of social activists figured out some issues and loopholes in it. 

How Do Businesses Make Use Of Facial Recognition Technology For Their Growth?

Businesses all over the world want to improve the customers’ experience. It applies especially to those that are in the private sector and have no involvement of the government bodies. There are industries, for instance, Fintech and Regtech that want to improve their business in order to combat future competition. 

These are the kinds of industries that want to improve themselves for the next generation. The identity verification sector uses the technology in customer due diligence and identity monitoring solutions. Such kinds of solutions use facial authentication to protect customers and safeguard their data. 

The two industries of Fintech and blockchain are using the same technology for identity verification to incorporate their clients without any kind of error. There are also tech giants (Google, Facebook, and Amazon) who want to use biometric face verification systems. 

The companies that produce mobile phones are using face recognition technology to establish a better and a positive experience for the customers. This is why the terminology has become so common that it looks like a household term.

Final Thoughts

To sum up, organizations from all over the world are looking to onboard customers from far away places and establish business deals on a global level. The latest facial recognition technology will allow them to incorporate clients in order to secure login information in the future. It is the case with businesses that they have a broader and clear field of operation for completely utilizing the power of technology so that it protects the data that will lead to sustainable growth. When it comes to the public sector and government-oriented companies, the future looks optimistic as there are strong and reliable solutions available.