The past few years have seen dramatic innovations in biometric technology and an accompanying exponential growth in the size of the biometrics industry, in part due to the spread of Internet of Things (IoT), artificial intelligence (AI), and edge computing products into businesses and homes across the globe.
Whether it is through a simple fingerprint or facial recognition scan to unlock a phone, access a bank account, or gain entry to a secure work area, most people have provided their biometric information to a private entity. Further, an increasing number of companies have adopted some form of biometrics in their day-to day operations, most often resulting in the collection of such data from their customers or employees. Nearly every industry has found uses for biometrics, including in transportation, manufacturing, automotive, healthcare, education, insurance, banking, payments, fashion, real estate, and entertainment.
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