If you look at it, Facial Recognition System has always been central stuff for Fantasy and Science Fiction movies from a long time, but as soon as the time is passing by and technology is advancing in this domain with a fast-paced manner, this imagination is turning into a reality.
Basically, Facial Recognition is a sort of biometric solution that analyzes the impression of a face to verify a person.
According to the report published by Allied Market Research, the global facial recognition market generated $3.01 billion in 2016 and is expected to garner $9.58 billion by 2022, growing at a CAGR of 21.3% from 2016 to 2022.
Similarly, a research report “Facial Recognition Market by Component (Software, Tools, and Services), Application Area (Emotion Recognition, Attendance Tracking and Monitoring, Access Control, Law Enforcement), Vertical, and Region – Global Forecast to 2024”, published by MarketsandMarkets, the global market is expected to grow from USD 3.2 billion in 2019 to USD 7.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.
In this latest article, we’ll dive into some benefits of facial recognition technology from an organization’s perspective:
1) Accelerating Verification Process
Just as a growing number of fraudulent activities are increasing around the world, you need a robust security solution that could help you to survive all these scenarios. So if you deploy a facial recognition technology in your business functions, then you can easily have verification for your employees as well as concerned authorities in an accurate manner. As a result, you don’t need to worry about buddy punching, since every person had to go through the face-scanning system to timecard.
2) Ensuring Security in Split Second
With a powerful face biometric solution, you can enhance the security level at your working premises. Not only you can track the existing workforce on the floor, but also keep an eye on the activities of visitors within the office. Apart from this, anyone who doesn’t fulfill the authentication criteria will not be given access to the related department. Moreover, you will get a prompt alert if such type of situation occurs for taking corrective action.
3) Avoiding Need for Manual Watch
As you go through Automated Facial System, you can reduce your dependency on security officials as well as the outsourced company that looks after the security function of your company. With the help of an automated facial system, the identification procedure becomes an easy ride, on top of that you can ensure the flawlessness of security operations every now and then without any halting.
4) Reducing the Company’s Overhead
Ongoing Facial Recognition Technology is automated, so you don’t require an employee to continuously monitor the installed cameras 24/7 or security guard to individually verify the match for office comers. That means there is no need for substantial investment for insourcing security companies or hiring security personnel.
5) Simplifying the Way of Integration
The innovative solution for facial identification can easily be integrated with your existing software that companies have installed. In this same way, it doesn’t cost your extra bucks on integration procedure because most of the solutions are compatible with the popular security software.
You must have understood that security has always been the forefront concern for Business entities globally. At such a scenario, if you head towards the right path of security solutions then you don’t need to worry about fraudulent activities. And as a Leading IT Company, Coding Brains has vast experience in offering Facial Recognition Solutions at the pretty cost-effective prize.
So, if you are seeking any support regarding Face Recognition Software or other Offshore IT Consulting Services, you can visit us at https://codingbrains.com.