According to research by Markets and Markets, it is estimated that by 2024, the global face recognition market could generate $7 billion in revenue.
What is Next for Artificial Intelligence technology? Major Trends in Face Recognition
It is only a matter of time that the Face Recognition systems would replace card systems for door access. Our opinion is that current trends point toward face recognition systems being used for 2022 and beyond in the following areas:
1. Office Security
Today, face recognition systems is widely used as surveillance and identity management in major companies. With the pandemic, it has escalated adoption of technology and face recognition tools and more than 800 companies, large and small medium-sized enterprises, are currently using Pensees Singapore face recognitions systems.
With easing of Safe Management measures, our face recognition systems used as door access can be used for attendance management, people counting, and even health checks, such as temperature readings. It is also used in the construction industry for attendance management for efficient daily roll call.
2. Old Folks Home
Face recognition systems is also used in Old Folks Home or nursing homes to dispense medicine in Singapore.
The Pensees’ Medicine Dispensary system uses face recognition to recognise residents, most of whom are old folks to dispense medicine accurately. With face recognition, it reduces reliance on humans, which is prone to mistakes, especially for a task like dispensing medicine. This also saves on additional manpower to take temperature, if needed.
3. Cloud based Management Dashboard
Pensees’ face recognition system comes with a cloud-based management dashboard for authorised staff of corporate customers to manage the list of staff and visitors, generating attendance records, so that those using the system can know the number of people in the premises in an instant.
Today, face recognition is quite a common place to see in Singapore and it has established itself as a predominant tool among biometric identification. Leveraging this cutting-edge technology for various purposes will become common strategies to adopt in the marketplace.