The Technology of Biometrics Date:   Wednesday , March 30, 2016 Headquartered in Surat, India, Biomatiques Identification Solutions specializes in Iris Recognition Technology company that enables businesses to keep a track of its employees through cutting-edge solutions like Biometric Iris Scanners, Iris Time and Attendance Systems, and Iris Access Control Biometrics is the science of using automated methods of identifying or authenticating the identity of a living person based on physiological or behavioral characteristics. There are various methods which prevail in the biometric identification industry which include voice, fingerprint, facial recognition, gait and palm. However, in comparison to all of these, iris recognition technology is far more accurate. Iris recognition uses random textures that are visible in the eye, using the eye to confirm one\'s identity. Unlike the other forms of biometrics, iris patterns are far more random and unique. An algorithm is created to map the random pattern and then generate unique biometric template for human identification which is unique for every individual. 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 1:1,50,0000, finger print - 1:10,000, Apple touch pad - 1:50,000, which means the chances of error are 1 in 1.5 million. In today\'s times, hacking systems or breaking security codes has become quite easy. With the right tools anyone can fake an identity and get access. It is not difficult to steal an access card, to crack a security code, to fake a voice or finger prints. Even getting entry in a secure access area or getting access to a bank, email account or social networking account is not such a tough nut to crack. The eye opening breakthrough technology of iris recognition is set to replace the fingerprint technology. The latest innovation of iris technology will be useful in day to day lives. It can be fixed outside the door and used for key less entry. It can double up as additional security for mobiles and personal computers and even apps, email clients and social networking websites. Iris recognition technology eradicates manual validation and proxies, encourages punctuality and efficiency in schools and organizations where capturing attendance is mandatory. It can be further used for forensic & criminal investigation, for security checks at airports and border security. It can also be useful at data centers, labs, hospitals, banks and utility centers. 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 and will also play your favorite music. Even for parents who wish to keep a track of young drivers who are at a learning stage, it can be used to monitor their driving and even set speed limits. Talking about insurance, by monitoring the driver\'s driving skills, companies can decide premiums for drivers depending on their driving skills. But there is a huge difference between an Indian manufacturing company and a foreign company. Players from abroad only have their vendors in India who lack knowledge about the product in terms of integration or providing technical support for that matter. That\'s where an Indian company is different from overseas competitors. Having an R&D and support team within the country makes reaching out for integration or technical support much easier. However there are certain factors because of which iris technology has not been able to create a demand in the biometric market. What is interesting is the fact that foreign companies are not ready to lower the price of their iris scanning products as they are also into other forms of biometrics like fingerprint technology. If they lower the price for iris technology, it will render their finger print scanners useless. And that is where the problem lies. Iris technology in India is not so popular because of the price factor. No doubt this technology is far superior compared to other forms of biometrics, but price has always been a constraint. Security solutions of the highest standards should not be a matter of luxury. Instead it should be treated as a necessity and should be made available for everyone at an economical price. For the technology to progress, the government should give special impetus to companies which are 100 percent \'Make In India\' by giving them the first preference or extra weightage in the tender making process. This will give Indian companies a fair chance to compete with the big giants from abroad. Foreign companies get ample support from their home countries to excel globally. They set up their manufacturing plants in India and claim that they are in sync with the \'Make In India\' policy. As we all know, the cost of financing outside India and in India has a big disparity and that is where foreign companies end up making profits by huge margins. The government should help Indian companies in selling their products not just within India but outside as well. Small and medium sized companies lack networking, marketing and strong brand presence. Cost of logistics is another area which the government needs to focus on as a lot of Indian companies find it difficult to cope with the high costs involved. Sales tax laws differ from state to state which again becomes a difficult affair. Banks should also be allowed faster conversion of foreign exchange as at times it takes up to 5 days for a single transaction which results in loss of time. Here are some important statistics related to Biometrics: • By 2020, new biometric methods will displace passwords and fingerprints for access to endpoint devices across 80 percent of the market - Gartner. • Biometric Global Market will see a growth by 27.53 percent CAGR 2010-2015 - Market & Market. • Indian biometric market is poised to grow by 44.22 percent CAGR 2013-2018 - Research & Market. • Indian biometrics market will surpass $2.7 Billion by 2019 - TechSci Research.