Integrating Artificial Intelligence (AI) will be pivotal in enhancing the performance of several modalities across platforms. AI is emerging to be one of the biggest catalysts in driving behavioral biometrics it will find huge application in the identification and authentication sphere.
“AI-driven behavioral biometrics will become the main identity authentication/verification element in two-factor or multifactor authentication,” said Industry Analyst Ram Ravi. “In the near term, businesses will increasingly use AI to aid decision-making as well as for greater behavioral pattern analysis of anomalies. In the longer term, blockchain will be used with biometrics for identity management across applications, and Neurolinguistic Programming (NLP) will become mainstream as financial institutions use voice processing to offer services and assistance.”
Technologies that, in the near future, bring in completely new business models, products and services are –
“Over the next few years, blockchain will emerge a powerful growth driver across the sectors of government, commercial, and especially financial applications,” noted Ravi. “Smart, connected devices are shifting customer perceptions of alternate commerce channels, and biometric market players need to have a blockchain strategy to augment their portfolios.”
Industry insiders predict that biometric enterprises will gain from these developments and ensure long-term growth and sustainability in the areas of providing –
- Value addition by developing in-house capabilities
- Partnership to select, nice players in the market
- The bolstering of non-security modalities such as facial, voice, and iris recognition for multiple industries