iiDENTIFii Encourages South African Businesses to Invest in Biometric Security Tech

iiDENTIFii is arguing that South Africa should invest in biometric security technologies to kickstart the economy after the pandemic. In that regard, the company noted that the economic impact of COVID-19 was worse than originally expected, with South Africa’s economy shrinking seven percent more than the government anticipated in 2020.

However, iiDENTIFii argues there is a significant opportunity for companies that provide strong identity solutions. COVID-19 prompted people all over the world to transition to a remote work environment. That has created a need for cloud security solutions that can cover an online workforce, with one survey suggesting that 60 percent of businesses are planning to implement or expand their use of biometric technologies in 2021.

iiDENTIFii believes that South Africa is well positioned to capitalize on that demand with favorable government policies. The company called particular attention to the Skills Development Act, which allows South African businesses to recover as much as 60 percent of the money they spend on employee training and education. The government identified IT as a key area of focus for 2021, so companies that invest in cloud technologies would be reimbursed for doing so, and would stand to reach a global audience with the products they develop.

“ICT will always encourage investment because it is the biggest enabler of business today, no matter the industry,” said iiDENTIFii Founder and CEO Gur Geva. “While this may present as a tricky set of circumstances, the opportunities are positive. South Africa is competitive in the global ICT market. We have great resources and have the ability to train and develop agile minds, so we create the skillset needed to upscale our local biometric identity market.”

iiDENTIFii was one of the first companies to observe that COVID-19 was generating more interest in contactless biometric solutions. The company has also argued that biometric technology can help facilitate secure elections. 

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May 6, 2021 – by Eric Weiss