India's central government has
recently implemented a biometric based timekeeping system that helps track
employees attendance. An official study released by the Indian government has
shown that in the three months between September 2014 and January 2015 the
average employee has been spending around 20 minutes more time working every day.
As the average working day is 8.5 hours, when the 20 minutes time is accounted
for it equals an extra 1,900 employees every day.
"Considering that over
47,000 employees are using it now, an average gain of 20-minutes per day means
an approximate gain of 16,000 man-hours," said a government official.
There is also a website called attendance.gov.in that allows visitors to track
employees' attendance in real time. One of the aims of this biometric
timekeeping system was to increase transparency and accurately record employees
in and out times.
Biometric market solutions are
also expected to become used in a greater range of consumer goods than ever
before. Apple have already incorporated biometric fingerprint scanners in a
number of their iOS based devices, including the recently released iPhone 6 and
6 Plus. Other smart phone producers such as Samsung are predicted to follow
suit and use biometric features for a wide range of applications in their
upcoming devices. It has been forecast that the global biometrics market will
total around US$30 billion by 2020, thanks to the influx of large companies
utilising biometrics products in their product lineup.
Biometric solutions such as
Apple's Touch ID have led to the fingerprint recognition segment of the
biometrics market estimated to be worth US$3.2bn in 2014. However, Civil ID is
believed to be the largest application segment with a value of US$4.6bn in
2014. As more and more companies digitalise their products, biometric solutions
will see their market capitalisation rise even further.
A recent product from BlackBox
Biometrics called Linx is a chip worn behind a person's ear and is used to
monitor impacts that can cause both major and minor injuries to the head. Linx
is targeted towards sports players and includes an accompanying smartphone app
that can receive information from the Linx chip that creates an impact report
that can be given to a doctor for analysis. The biometrics market is estimated
to see a CAGR of 19% from 2014 and 2020 due to the wide range of applications
that solutions in this market have.
Source : companiesandmarkets.com
