In India, most of the biometric methods used for security systems are outdated. Voice, fingerprint and facial recognition methods are easy to fake and have very low accuracy rate compared to iris recognition technology. Right from GoI (Aadhaar enabled services – AeBAS, AePS, AePDS, eGovernance, Border Security), Resident to Corporate sectors (BFSI, Logistics, Retails, Airports) this technology has a humongous market.
Practically no human can have the same iris pattern what so ever. Speaking in terms of the software, false rejection rate (FRR) of the iris recognition technology is 1: 15,00,000, finger print – 1: 10,000, Apple touch pad – 1: 50000, which means the chances of error are 1 in 1.5 million.
With AADHAAR, India is the only country with the largest biometric database available. No other country has adopted the biometric technology the way India has. Adoption and acceptance of this technology has been on the rise as of now. Even the new government offices have introduced AADHAAR enabled biometric attendance systems (AeBAS) to capture attendance. Even at fair price shops (AePDS) the verification of the individual is done based on AADHAAR, which ensures that the right person is getting the right benefits.
Biomatiques provides the benefits of “Who You Are” (Iris – no faux authentication) against “What You Have” (Cards, Badges, Keys – Lost or stolen, Shared, Can be duplicated, Buddy Punching) and “What You Know” (Can be forgotten, shared, many passwords are easy to guess, buddy punching). Companies that spend time and money creating password security strategies are largely wasting their time, because one in three employees is writing down passwords regardless of password policies. It’s like leaving the key under the mat or in the flower box. Companies looking to ensure security should look beyond passwords to other authentication strategies.
In Private sectors this technology can be used in private banks and insurance companies to issue an account number or a policy in a much shorter time. So ideally to open a bank account and to get the account number, it can take up to two week‘s time, but after getting the iris enrolled to AADHAAR, getting an account opened and getting the account number will be much easy. Similarly for insurance companies it is easy to issue a policy, once an individual is verified through his or her iris he is insured from that very moment itself. So banking and finance is another big market. Similarly, in telecom market, to get a new connection there is a waiting period involved. Plus the verification process is also tedious. This can be further reduced to just a few minutes with spot iris verification technique.
Data centers which keep secure data which are at a high risk of security breach, research and science centers where individuals are required to wear gloves and masks and other protective equipment, paint factories where workers have paint on their fingers most of the times are some other places where the technology can be useful.
The technology can be used in cars and bikes to get keyless access. The car will not start unless the owner’s iris is scanned and verified. This will help in reducing theft of cars significantly. Further it can be used to enhance and customize the driving experience. Once inside the car, if the car recognizes you, it will adjust the steering, the seat and the rear view mirror according to your preference automatically, plus it will also play your favorite music. Even for young drivers likewho have just passed their driving test in their teenage, if you wish you can monitor their driving and even set speed limits. When it comes to insurance by monitoring the driver’s driving skills, companies can decide premiums for drivers depending on their driving skills.
A household consumer can mount the iris scanner outside his door and have keyless entry or even connect it to his personal computer or android phone and use it as an additional measure of security. It can also be used in offices and schools to capture attendance accurately negating the nuisance of proxy attendance. The technology can also be synced with debit and credit cards. Along with just PIN the card won’t work unless iris is verified. Every digital or online payment will be connected to AADHAAR database. The biggest market is the government itself because there are a lot of services offered by the government like EPDS, AEPS and rural employment schemes.
Currently we are a startup company, based out in Surat. Our manufacturing capacity is 2 lakh units of iris scanners yearly and we promises to deliver tailored products and services to exceed their clients’ expectations and increasing their profitability and efficiency to provide identity assurance for using our biometric identity solutions. Biomatiques as a company has recognized this business opportunity and is ready to encash the same by bringing the state-of-art-technology with total flexibility of user-friendliness to meet the challenges.
The pressures on today’s C-Level executive’s to have secure business systems, are ever increasing with the rapidly changing computing landscape in making passwords and other legacy authentication methods obsolete and why biometrics is gaining traction as the preferred choice of authentication of users and devices for commercial as well as enterprise use-cases.
One area where security can be improved is in strong authentication of human & devices, which is interacting with the various high-end security technologies where biometrics authentication find greater applicability today includes Enterprise Mobility Management (EMM) suites, Identity and Access Management (IAM), and Internet of Things.
This need comes from security-conscious consumers, employees, and more importantly, institutions such as banks, finance & insurance (BFSI), retailers, and other tradespersons and employers, who are uptight to prevent financial frauds and vulnerabilities, privacy abuses, and theft of corporate / users’ personal information, which can be addressed through use of biometrics authentications solutions having security portfolio and products that helps in controlling access to enterprise resources with greater accuracy, efficiency and user-convenience in a distributed environment displacing traditional detection tools.
The increasing significance of digital identity has taken the process of authentication to a level where the concerns for strong identification can best be addressed only through the use of biometrics. Although the opportunity for revenue associated with deployment of every biometric modality is becoming evident, the one which looks most promising is the Iris Recognition Technology.
The factors which are catapulting this technology to the forefront of biometrics applications are its ease of use and being independent of environmental conditions. Iris recognition, a biometric, provides one of the most secure methods of authentication and identification thanks to the unique characteristics of the iris.
However, not every player in this segment is able to comprehend the importance of this biometric modality in the way Biomatiques Identification Solutions Pvt. Ltd. does.
Our technology goes well with the “Make InIndia” initiative of GoI. Thus, we bring the heritage of Indian software superiority to the world. Where internationally there are 12 companies already in the global market we are the only Indian company. Our products were designed after keeping in mind the Indian demography. In India, nearly 70% population belongs to farmers and laborer class and the remaining 30 per cent is the office class category. Very few people know about the technology, so to introduce a simple, easy to understand and operate product was the main challenge. Secondly, India is a cost effective nation and the Indian consumer believes in value for money. Thirdly, India has a different topology across. So over every 100 kilometers, people change, the climatic conditions change, their lifestyle changes, even knowledge and education levels change. Understanding this is very essential. Hence the way the people will adapt to the product will also change depending on region to region.
In terms of price, Biomatiques offers the technology at a cost effective rate compared to other companies. The actual market price is INR 9999/-, however we are offering it at a promotional price of INR 4500/-. Other companies on the other hand won’t be selling their products for anything less than INR 15000. Moreover manufacturers from overseas only have their vendors in India who lack knowledge about the product in terms of integration or providing technical support for that matter. While Biomatiques has their own R&D and support team, hence reaching out for integration or technical support is much easier. In short you are getting a product which is 3 times lesser the price and you also get end to end solution with local maintenance and support.
IRIS recognition technology holds the highest CAGR due to highest accuracy levels. A study by Ernst & Young says that the Indian biometric market will grow to 748 million USD before 2018. Compounded annual growth for biometric market will be somewhere around 27 % globally 47% for India and that’s purely because Indian government has adapted to the biometric modality. A study by Gartner says by 2020, new biometric methods will displace passwords and fingerprints for access to endpoint devices across 80% of the market..
About The Author:
This article has been contributed by Tamaal Roy, CEO –Biomatiques Identification Solutions Pvt. Ltd. Biomatiques Identification Solutions Pvt. Ltd. has introduced the revolutionary Iris Recognition Technology in India. Established in June 2012, Biomatiques is the first Indian manufacturing company to receive the STQC certification from the STQC Directorate, Department of Information Technology, New Delhi. Headquartered in Surat, Gujarat, Biomatiques has a team of highly trained engineers and managers who are engaged with many local and international firms to provide sales and OEM support to both – clients and business partners.