Thanksgiving in the U.S. is a time for us to step back and reflect on those things we are particularly thankful for in the biometric identification management industry. 2013 has been a banner year for the team at M2SYS Technology, taking us down new paths and providing new opportunities to deploy our biometric identification technology to more corners of the globe as an identity solution within many diverse markets.
We can’t help but smile at the unprecedented market growth and continued future global potential of using biometrics as an identity management tool. It’s no surprise that events such as Apple’s use of biometrics on their new iPhone model has brought increased attention to this technology and opened doors to its use in many additional capacities.
Here is a list of the top five things we are most grateful for this Thanksgiving season:
1. The new M2-FuseID™ hybrid multimodal reader: Promising to revolutionize the hybrid biometric scanner market as a hardware device designed to perform both 1:1 and 1:N matching for both fingerprint and finger vein templates in a PC-based environment, the M2-FuseID™ device is designed to read 100% of end users eliminating limitations of relying on fingerprint recognition alone.
A significant achievement in innovation and design, the M2-FuseID™ scanner meets the demand of dynamic biometric identification projects around the world that necessitate ongoing innovation in hardware design that delivers greater accuracy and speed, especially for deployments that cover large databases consisting of millions of end users.
2. Spreading knowledge about biometric technology all over the globe: As part of our continued effort to help educate markets about the value of biometric technology in a host of different venues, 2013 was another banner year for us to travel the circuit discussing the value of biometric identification technology. Mizan Rahman, our CEO and Founder, spoke at several international events, most recently at the 2013 Biometrics Exhibition and Conference in London where he discussed “How Mobile Biometrics is Changing the Landscape and the Role of BYOD.” Bill Dumont, Executive VP at M2SYS, just returned from a trip to Argentina where he spoke at the 2013 International Congress of Biometrics in Agrentina about “The Convergence of Private and Public Biometrics.”
2013 brought us many opportunities to help educate and share knowledge about the biometrics industry. Look for even more opportunities in 2014!
3. The potential future growth of the biometric industry across the world: There doesn’t seem to be a day that passes without a new report forecasting the exponential global growth of biometric technology for many modalities and markets. For example, a report was recently released forecasting that the maritime security market is estimated to be worth $19.48 billion by 2018, largely fueled by an increase in demand for mobile biometric solutions such as our M2-RapidCheck™ mobile biometric identification device. Whether its the potential growth of voice biometrics or general forecasts on the growth of the entire industry, we are grateful to be a part of an industry that promises to reshape identification management in the world we live in.
4. The increased use of our RightPatient™ iris biometric solution for patient identification: 2013 proved to be a breakthrough year for RightPatient™, our multi-biometric patient safety system available with iris recognition. We saw several large hospital chains along with a host of independent healthcare facilities adopt this technology as a means to help prevent duplicate medical records and overlays, reduce risk, eliminate medical identity theft and fraud at the point of service, increase patient safety, streamline the registration process, and enhance patient privacy.
We have worked hard to develop and launch a biometric patient identification system that offers more advantages over other products that rely on modalities that aren’t an adequate solution for preventing some of the biggest problems hospitals face due to patient misidentification. Look for many more hospitals to adopt this technology in 2014 as they learn more about the advantages of using biometrics for patient identification.
5. Our community: Finally, it would be remiss for us not to mention the community we serve here at M2SYS as one of the biggest things we are thankful for in 2013. Without the ability to engage, educate, interact, and learn from the customers, prospects, industry professionals, analysts, competitors, and pundits that are part of our community, we would not be where we are today – a global leader in biometric identification management technology.
So thank you to our community – to those that take the time to read, comment, and share our content, for those that ask intelligent questions about our solutions or the biometric market in general, for those who are part of our social media community and graciously follow our channels sharing information and knowledge to the broader community, we thank you.
Hope that there are many things you are grateful for in 2013. May you and yours have a very safe, warm, and joyous 2013 Thanksgiving holiday!