How Biometrics Shaped The Business World Today

How Biometrics changed The Business World as we know it

Every day, businesses all over the globe integrate modern technology in their operations to enhance the quality of their work. This modernization has helped them hone a business world that is more secure and productive.

One of the many technological advancements that revolutionized the business world into what it is today is biometrics technology. With this innovation, organizations gained the ability to recognize and validate every individual’s biological or behavioral characteristics. Furthermore, it enabled them to make business processes more accurate and smarter.

Common Ways Biometric Technology is Utilized in 2019

In the Philippines, it is undeniable that the utilization of biometric machines has been prevalent across organizations. But if you take a closer look at this business trend, you will see that this technology has been maximized differently in every organization.

To outline a few, here are common ways biometric technology is being used at present:

• Compliance with the Know Your Customers (KYC) Policy

The KYC policy is a mandatory, regulatory, legal requirement for businesses to use independent and reliable documents to identify and verify customer details. In the banking industry, this policy has been renowned because of its ability to prevent identity theft, money laundering, financial fraud, and terrorist financing. Meanwhile, for other industries, this policy has been a great guide in providing personalized products and services to customers.

With a biometric system in place, companies gain the capacity to create a concrete audit trail of their transactions. With that in mind, it enables them to identify and track customers more accurately. Furthermore, it enables them to improve customer satisfaction and customer loyalty in their respective business sites.

• Time and Attendance Monitoring

One of the many business perks that helped biometric technology gain popularity in the business world is its reliable time and attendance tracking features. When company owners started to integrate attendance monitoring system biometrics in their business sites, they were able to eliminate the prevalent problems of buddy punching and time theft. Moreover, it also helped them foster accountability and productivity among their employees.

• Workforce Management

In many cases, internal and external policies in the corporate scene require organizations to ensure the accuracy of workforce data. That’s why more and more companies started to implement biometric-based workforce management solutions. With its help, organizations gain the capacity to maintain their demographic data more accurately and make the most of their workforce depending on their employees’ skills and capabilities.

• Visitor Management

Aside from aiding workforce management, biometric systems can also help organizations manage their visitors on a daily basis. Because of that, a lot of companies today make use of this technology to manage their visitors more efficiently and effectively. Biometric visitor management systems can eliminate the need for logbooks and ID cards to identify and monitor visitors. Hence, it is a great tool to use to simplify visitor management processes within your organization.

• School Management

In a school setting, student identification is fundamental for the accuracy of academic records and attendance reports. For this reason, school authorities were enticed to adopt biometric technology in school processes. The adoption not only made the lives of school authorities easier, but also simplified the student identification process.

• Membership Management

When you’re running a club or any membership business, one of the difficulties you’ll surely face is the challenge of membership management. At present, biometrics membership management systems are being used to address this problem. With this technology in place, you’ll be able to give your business the power to deal with your members effectively in a cost-efficient manner. Once you implement this technology in your business premises, you’ll be able to make data management easier as you reduce the chances of identity fraud.

• Patient Identification

In this day and age, it is common to see biometric technology implemented in medical and healthcare facilities. This innovation empowers these facilities to accurately identify patients and access their medical history along with their demographic data. Ever since biometric systems were implemented in the medical scene, this technology has prevented the duplication of medical records in hospitals. Apart from that, it also ensured the security of the patients’ personal medical information.

• Driver’s Identification

Over the past few years, one of the prevalent problems worldwide is the existence of fraudulent drivers. These drivers usually make use of duplicate or fake licenses to execute criminal activities or hide their past criminal records. As this problem became worse, transport authorities started to make use of biometric technology to store, process, and de-duplicate millions of driver records. By doing that, they were able to minimize the risk of being invaded by fraudulent drivers and deter criminal activities that take place on the road.

• Blood Donor Identification

Although everyone is encouraged to donate blood, not everyone is qualified to be a donor. That’s why it’s necessary for blood banks to screen their donors properly before they collect their blood. In line with this aim, blood banks now require donors to register in their biometric identification system first before they can donate blood. By doing that, they are able to keep a record of the donors’ medical history and prevent unqualified donors from donating.

Different Types of Biometric Sensors

As you can see, biometric systems can be utilized by organizations in so many ways. Now that you’re aware of how biometric systems are used at present, it’s time that you get to know the different types of biometric sensors in the market.

For starters, biometric sensors are classified into two types: Physiological biometrics and behavioral biometrics. Fundamentally, physiological biometrics involves facial recognition, iris recognition, fingerprint scanning, hand geometry, and DNA. On the other hand, behavioral biometrics include signature, keystroke, and voice recognition.

Although each of these sensors has its own advantages and disadvantages, there are some that stand out a lot. To delve into detail, here is a list of the popular biometric sensors available today:

• Fingerprint Recognition

One of the sensors that are popular in the market these days is the fingerprint biometric system. With this technology in place, your system will be able to identify you based on the recorded image of your fingerprint. In order for your fingerprint to match, it is necessary to undergo any of the three: minutiae, correlation, or ridge. According to experts, fingerprint systems are by far the most stable and reliable biometric systems available to the public because of every person’s unique fingerprint design.

• Face Recognition

Another biometric sensor that’s commonly used today is the face recognition biometric system. Most often than not, this type of biometric technology is utilized in security systems. This system uses a biometric computer application to identify or verify a person’s identity by comparing and analyzing facial patterns. At present, face recognition systems can recognize up to 80 nodal points found on the human face. With these points, systems are able to measure the length and width of the nose, the shape of the cheekbone, and the depth of the eye socket on a person’s face.

• Iris Recognition

Along with the biometric sensors mentioned above, iris recognition systems emerged and transformed the business world into what it is today. This type of biometric system makes use of patterns found in the ring-shaped region of the eye’s pupil in order to identify individuals. These patterns aren’t really noticeable at first glance, but it is certain that you will see them upon close inspection.

• Voice Recognition

Combining both behavioral and physiological factors, voice recognition technology identifies individuals by capturing the speech patterns that each of them produces. According to experts, the crucial properties used for speech authentication are the nasal tone, frequency, cadence, and inflection. In most cases, voice recognition can be classified into various categories based on its authentication domain. It can be a fixed text method, text-independent method, text-dependent method, and conversational technique.

• Signature Recognition

Apart from fingerprint recognition, face recognition, iris recognition, and voice recognition, one of the biometric systems that organizations use these days is the signature recognition system. Usually, this technology is designed to analyze and measure the speed, the pressure applied, and the stroke order used by people to create their signatures. Moreover, signature recognition systems are also renowned to be operated in two different ways: static and dynamic.

In the static mode, end-users write their signature on paper. From there, it is digitalized and examined through an optical scanner or camera. Meanwhile, in the dynamic mode, users write their signatures on a tablet. When organizations use this method, they are able to digitalize and capture signatures in real-time in a time-efficient manner.

Beyond any doubt, biometric technology offers numerous business perks to its users, especially when they maximize its capabilities. With that said, it’s vital to seek the assistance of managed services like House of I.T if you want to reap the maximum of its benefits. Their expertise in the field of information technology will give you the peace of mind that they will implement a biometric technology that will work best for your business. Furthermore, they will also enable you to enjoy its benefits for a long span of time.