Growth consultancy firm Frost & Sullivan has announced that it will be hosting a complimentary webinar on the future of biometric technology. The company’s analysts say that biometric applications are going to be pushing growth in the areas of finance, retail, and healthcare.
Speaking in a press release, the webinar’s host, Frost & Sullivan Measurement & Instrumentation Program Manager Aravind Seshagiri, emphasized that there are major growth opportunities emerging as the security landscape changes, saying that because of “the numerous benefits they offer, biometric technologies will witness elevated growth and spur growth in several end-user segments,” while various sectors “will move towards using biometrics in multiple combinations to ensure security remains intact.”
Broad though they are, those statements are certainly true. We’re already seeing how major financial institutions are using biometric technology to adapt to the security vulnerabilities emerging as more transactions are made digitally and online. And in healthcare, biometric technology is playing a bigger and bigger role as its growing prevalence in mobile devices and wearable technology helps to revolutionize remote care. Biometrics’ applications in retail are just beginning to emerge, but it’s already clear there is some significant potential in that area too.
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March 12, 2015 – by Alex Perala
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