Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.

Portfolio

Loading...
Select Portfolio and Asset Combination for Display on Market Band
Select Portfolio
Select Asset Class
Show More
Download ET MARKETS APP

Get ET Markets in your own language

DOWNLOAD THE APP NOW

+91

CHOOSE LANGUAGE

ENG

  • ENG - English
  • HIN - हिन्दी
  • GUJ - ગુજરાતી
  • MAR - मराठी
  • BEN - বাংলা
  • KAN - ಕನ್ನಡ
  • ORI - ଓଡିଆ
  • TEL - తెలుగు
  • TAM - தமிழ்
Drag according to your convenience
ET NOW RADIO
ET NOW
TIMES NOW

Biometrics will be the thumb rule in 2018

ET Bureau|
Dec 30, 2017, 11.30 PM IST
0Comments
Untitled-18
Biometrics involve the use of fingerprint, iris, voice or facial patterns to identify oneself. It is more secure than a PIN or a password.
Apple has not so much invented technologies as brought them into the mainstream. Think multitouch user interface and Touch ID, the latter of which popularised unlocking phones with your finger. Now with the iPhone X, Apple is using your face as a passcode.

While Face ID is not the same as an iris scanner, which other companies have installed on their devices before, Apple — and its competitors like Samsung, Google and OnePlus — could lead the way in changing how people interact with their phones in the future, particularly in India.

Biometrics involve the use of fingerprint, iris, voice or facial patterns to identify oneself. It is more secure than a PIN or a password. A 2017 HSBC survey of over 12,000 persons in 11 countries, including India, found that nearly half the respondents expect fingerprint recognition to replace passwords and a quarter of them say iris recognition will be the alternative.

The study also concluded that China and India will be the most open to new technologies. Nearly a third of the Indians surveyed use fingerprint scanners, next only to China (40%), and Indians are three times as likely to have used iris recognition as the average of the 11 countries.

Untitled-19

Offices are increasingly using fingerprint and iris scanners to allow access to their employees and millions are receiving government subsidies under various schemes through Aadhaar, a biometrics-based identification initiative.

However, concerns over the misuse of the data collected for Aadhaar remain. Mobile apps are fast replacing passwords with fingerprint identification. E-payment companies like Paytm and banks use biometric data to authenticate payments and transfers. Facial or iris recognition on phones is glitchy and not foolproof - what fingerprint scanning was three years ago - but it is only a matter of time before it becomes reliable and available on a wide array of devices.

Phones will soon have fingerprint readers on the screen itself. TechSci Research pegged the size of the biometrics market in India in 2016 at around $780 million, which is expected to grow at a compound annual growth rate of 26% till 2022, making it clear that the adoption of biometrics is heading only one way.
0Comments

Also Read

Children up to 5 years exempted from passport biometrics: Govt

Watch out, Aadhaar biometrics are an easy target for hackers

World's biggest biometric database grows in India despite doubts

UTI MF introduces e-KYC facility using Biometric Verification

Linking Aadhaar with mobile and biometric verification at Vodafone, Airtel stores are different

Comments
Add Your Comments

Loading
Please wait...