12 Things You Need To Know About Facial Recognition Technology
Facial recognition technology, or FRT,is a technology that is rapidly used in different fields, like defense, social media, fintech, and more. Statistically, the FRT Industry acquired around USD 3.8 billion of global revenue in 2020, and the count is growing further each year. In fact, 80% of governments globally utilize FRT technology in some capacity besides other commercial uses. The technology involves use of Machine Learning that analyses human faces to find matches with recorded images in databases. The reach and uses of facial recognition apps are more extensive than that globally. Wondering about the full expanse of this identity verification system and why it is vital? Read ahead to know all details. What is Facial Recognition Technology? Facial recognition is a type of biometrics technology-centric solution for detecting the identity of people by their faces. Organizations use this technology as a modern security solution to avoid fraudulent activities. ( Source ) Whi