If you’ve ever used the fingerprint scanning feature to access your smartphone, you’re familiar with biometric technology. Biometrics—the use of biological (physical and behavioral) characteristics such as fingerprint, face, and iris scanning to perform identity verification—is a maturing field, and applications of the technology are expected to grow in the years ahead. In fact, it’s predicted that biometrics will be used to authenticate 25% of all electronic transactions worldwide by 2020, according to International Data Corporation (IDC).
Innovation in Retail: How Using Video-Based Data to Deliver Better In-Store Experiences is Impacting Storage
Video surveillance is a mainstay in the retail industry. For years it’s been a vital tool, aiding retailers in security and loss prevention efforts. But, retailers know the value of surveillance footage is not limited to ordinary security applications, so they are continuously pursuing innovative ways to turn raw video into “video-based data.” These efforts are driving a need for more storage capacity. In fact, storage capacity used for video surveillance applications is projected to grow at 39.1% compound annual growth rate (CAGR) from 2014–2019. If these predictions are correct, over 221 petabytes (PB) of storage capacity will be shipped to the retail sector in 2019 (IHS—2015 Retail Sector Statistics: Americas).
Video Surveillance and Predictive Analytics: A Science-Based Approach to Policing in the 21st Century
According to International Data Corporation (IDC), big data and business analytics generated nearly $122 billion in revenue worldwide in 2015. And that’s a fraction of what it’s expected to reach in the next five years. Based on its projections, IDC expects the big data business to reach $187 billion in 2019 (IDC press release). Why the growth? In large part, it’s due to the potential of predictive analytics.
The transportation industry affects everyone’s daily routine. Over 11 billion trips are taken each year on public transit in the United States — more than 16 times the number of trips taken yearly in domestic air travel. With the massive amount of travelers each year comes emerging security challenges, such as emergency management, cybersecurity threats, and public safety and security risks.