India is currently one of the fastest growing economies in the World. One of the hallmarks of success for the Indian Industry leaders have always been about how they cope up with a fast changing environment. In recent times, technology has been a key differentiator to determine who stays ahead in the race. To adapt to and proactively adopt newer technologies in the fast-changing technical landscape has become a key ingredient for success for the present-day Industry leaders.
Many of the new technologies and innovation have been horizontal in nature, meaning they have applications across multiple sectors and industries. Technologies like Internet, Bluetooth, IOT, 3D Printing etc have never been sector or a use-case specific, but brought revolutionary changes across various Industries that optimized existing businesses, addressed pain points that have not been addressed before and enabled industries to cater to various adjacent use-cases that remained unaddressed earlier.
Face recognition is a similar technology that has been horizontal in nature. Innovators in various industries have been trying to understand the fitment of this revolutionary image processing technology in their specific landscape. The questions they are pondering over are : Why Face Recognition Technology for them? How can it bring real impact?
Leaders tend to see new technology as magic wand to resolve multiple existing challenges. They ideate regarding the new doors that can open using new technology and use their domain expertise to understand what business problems the new technology can solve in their specific sector. Few of such examples would be like how Portable Face Biometric Technology has made a significant impact in eradicating subsidy leakage problem from various social welfare programs, as well as increasing the revenues of companies where on-field sales and marketing activities have a strong impact on the company’s balance sheet.
Leaders also identify what are the next best alternatives to the new Technology and then identify gaps in these available alternatives and explore to what extent new technology can plug those gaps. Verifying bank users and beneficiaries with their Facial imprints in existing databases like UIDAI (Aadhaar Cards), recognizing valuable customers when they walk into the Stores are few examples where existing alternatives were not able to address the gaps, which have been addressed by Portable Face Biometric Technology now.
Portable Face Biometric Technology is one of the most mature and reliable flavours of Face Recognition Technology and is available in the form of Smartphone based Face Recognition, Verification and Tracking system(SFRVTS). This Face recognition Technology identifies faces in images captured from any photo capturing devices like IP Camera, Tablet, WebCam, Mobile Phones etc. It handles effectively the cases of pose variations and lighting alterations during taking pictures, along with facial changes of an individual over a period of time.
We have attempted to compare this Smartphone based face recognition, verification and tracking solution (SFRVTS) on various parameters with competing technologies like Fingerprint scanner, USB based Fingerprint hardware, Iris scanner, first generation facial scanners, Log in & Log out based portals etc to understand comparatively the quantum of benefits it provides in various operational dynamics, various use cases along with features. Here is the comparison table:
For the Innovators & Decision Makers
For the problem solvers
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