From urban living, transportation system, the health of the people to start-ups, and big corporates, the Smart Nation initiative by Singapore government envisions a world-class city to give the citizens a secure home and catalyze overall growth across all sectors. The government has set specific milestones for various industries until 2021 and beyond, one of which is the National Digital Identity (NDI). It is an authentication system developed for citizens to access hundreds of digital services of public and private sectors through a single digital identity by adopting AI and facial recognition technology.
Leveraging Facial Recognition Technology to Drive Sustainability | Facial Recognition Technology
Facial recognition technology has inherently been a part of our day-to-day lives, given the tech-driven world that we live in today. With its convenience, efficiency, and accuracy, it has become crucial, especially in a dynamic business hub like Singapore. However, by amalgamating it with human involvement, facial recognition can ensure a more accountable decision-making process.
Facial Recognition Technology
With that said, the Singapore government, in its bid to eliminate the need for ID cards by 2022, is planning to install kiosks fitted with cameras across government offices so that visitors can conveniently check-in for their services with just their faces without the need of ID card. However, this is just one of the umpteen other initiatives that are being undertaken.
How Is Artificial Intelligence Reimagining Your Business
Backed by investment firms like Boundary Holding, a Luxembourg-based firm, the start-up has been able to expand into new markets over the years. Rajat Khare, an AI-based entrepreneur and founder of Boundary Holding, said, “We value the potential of XRVision’s AI-based technology in recognizing faces while extracting actionable data to maintain public order, and its ability to expand into various industries to assure safety.”
Similarly, Seventh Sense, founded by Varun Chatterji, is an AI tech start-up that focuses on creating efficient and low-cost computer vision systems. Amid the pandemic, the company has devised fever detection solutions through its AI-driven facial recognition and thermal camera processing technology, thus allowing public places such as shopping malls and hospitals to do away with the need of manual screenings.
Conclusion | Leveraging Facial Recognition Technology to Drive Sustainability
Facial recognition technology is being increasingly adopted across several sectors – from banking to retail, healthcare, and more. In addition to ensuring the security and safety of the people, it also helps in automating various processes and gaining meaningful insights into complex data. Therefore, considering its multifarious application, technology can play a key role in fulfilling Singapore’s vision of a Smart Nation soon.