Greg Ponesse — February 22, 2006 — Tech
References: web-japan.org
In a world increasingly dependent on electronically stored information, both consumers and businesses are seeking greater data security. The answer could lie in biometric identification, in which the unique characteristics of part of a person's body - their hands, for example, or the pattern of their irises - are used to verify the identity of that individual. Some Japanese banks have already begun installing biometric ID systems at their ATMs in an effort to combat cash-card fraud. But biometric ID has many other uses, including keeping track of who enters and leaves offices, protecting computers from tampering, and preventing unauthorized entry to apartment buildings. Manufacturers of these hi-tech security systems report that demand is booming.
Trend Themes
1. Biometric Identification - Opportunity for businesses to develop and implement biometric ID systems for enhanced data security.
2. Data Security - Opportunity to create innovative solutions that provide greater protection of electronically stored information.
3. Demand for Hi-tech Security Systems - Opportunity for manufacturers to meet the increasing demand for advanced security systems.
Industry Implications
1. Banking - Opportunity for banks to integrate biometric ID systems at ATMs to combat fraud.
2. Information Technology - Opportunity to develop and provide advanced data security solutions for businesses and consumers.
3. Security Technology - Opportunity for manufacturers to develop and supply hi-tech security systems for various applications.
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