Posts Tagged: "biometric"

Biometrics, or the measure of human physiological characteristics as expressed by data metrics, is becoming a much more valuable sector of high tech in recent months. By 2020, the global market for biometric systems should surpass $24.4 billion according to data released by Markets and Markets, with the sector growing at a compound annual growth rate (CAGR) of 17.5 percent between 2015 and 2020. Biometrics has applications in a couple of growing tech sectors, including e-commerce, e-passports and smartphones. Computer software and hardware developer Microsoft Corporation (NASDAQ:MSFT) of Redmond, WA, is looking to apply biometrics tech to its smartphone products.

Despite shrinking revenues, IBM may be able to chart its way back to stability if success continues for its Watson cognitive computing platform, the corporation’s fastest growing division by revenues and one which is proving applicable to a surprising range of industries. To profile IBM’s recent research and development related to Watson, we thought that we’d profile a series of data analytic and predictive modeling technologies for which IBM has been issued patents. For example, the evaluation of medical diagnoses for evaluating predictionaccuracy is detailed within U.S. Patent No. 9,235,808, entitled Evaluation of Predictions in the Absence of a Known Ground Truth. It claims a method to evaluate a prediction that a patient has a given disease by collecting a plurality of clinical data from each patient.

Data mining and predictive analytics designed to enhance the decision making process for law enforcement officials have been utilized in Richmond, VA, for more than a decade now. These techniques can provide police officers with predictions of high crime areas that can be reviewed prior to starting a shift when used in conjunction with a geographic information system (GIS). Using this digital platform for predictive crime analytics, Richmond saw a greater than 20 percent reduction in major crimes between 2005 and 2006 while reducing its standing among the most dangerous cities in America. Similar data mining and analytics systems put in place by police in the city of Memphis, TN, have had a similar payoff, helping to reduce serious crime in that city by 31 percent in the four years between 2006 and 2010. That city’s Blue CRUSH predictive analytics system was developed in partnership with the University of Memphis’ criminal justice department using software developed by American tech giant IBM (NYSE:IBM).

Many of the patents we noticed in our recent survey of BofA technologies are related to enhanced security methods for financial transactions, such as the innovation protected by U.S. Patent No. 9218596, entitled Method and Apparatus for Providing Real Time Mutable Credit Card Information. It discloses a smartcard apparatus having a microprocessor chip, a button, a dynamic transaction authorization number and a Bluetooth low energy device (BLE) that works to transmit an instruction to a smartphone for a request for a dynamic transaction authorization number when the button is depressed and receive the number from the smartphone; the smartcard further has a battery and a dynamic magnetic strip comprising a digital representation of the dynamic authorization number. This technology is designed to enhance security measures in smartcards having magnetic strips without requiring a banking institution to issue new cards. Enhanced security for banking transactions taking place on cloud infrastructures is featured within U.S. Patent No. 9184918, entitled Trusted Hardware for Attesting to Authenticity in a Cloud Environment. I

Biosensor technologies, a tech sector which involves the use of devices that can detect and measure biological functions in living things, is set to become a very valuable business in the coming decade. According to a recent report from Frost & Sullivan, the global market for biosensors generated $11.53 billion in revenues during 2014, a figure that the firm expects to rise to $28.78 billion by 2021. According to the Invention Evaluator analysis of smart vision systems the highest proportion of applications for patents relating to face or eye recognition systems originate from China, followed by the United States. Spielo International, Fuzhou Fufeng, and Mitsubishi Electric are among the most prolific applicants (see chart below taken from the report), and patent activity over the past decade shows a consistent rise in applications, indicating a technology growth phase.

Development is underway on a generation of guns that wouldn’t eliminate every homicide but could prevent even one massacre event, which no one could argue is a bad thing. As with just about every other sector of American technological development, there’s been quite a bit of activity coming from Silicon Valley. Tech investors from that region have joined together to form the Smart Tech Challenges Foundation, an organization dedicated to funding gun safety innovations. The San Francisco-based foundation awards funding levels ranging from $10,000 to $100,000 to projects in pursuit of safer firearms. The organization’s Smart Tech Fire Challenge is designed to distribute $1 million in funding to 15 innovative firearms safety projects.

The patent portfolio discloses systems and methods involving a secure credit card with onboard biometric fingerprint capabilities, RFID, and display that can be powered either by ambient light, backlight from a point-of-sale terminal or mobile device, RFID coupling, smart IC contact, or battery. Card information is transmitted to the terminal and receives a secure validation code after which some combination of a card validation and/or biometric-based user validation code are generated and transmitted back to the point of validation. By decoupling authorization of the fingerprint image and the user’s personal information, transmission and data vulnerabilities within the existing payment card system are addressed while consumer behavior remains unchanged.

We found another pair of patents related to digital worlds, an area where IBM has been active of late. A system for ensuring that the highest number of objects contained within a three-dimensional scene are seen by a person navigating the scene is the focus of U.S. Patent No. 8970586. The patent claims a clairvoyance method for a 3D scene by acquiring parameters associated with a clairvoyance camera and a clairvoyance viewport, determining a 3D scene to be rendered according to those parameters, rendering the 3D scene to obtain a 2D image presented in the clairvoyance viewport and composing the 2D image presented in both a clairvoyance viewpoint and a general scene viewport. This system overcomes issues of inconvenient manipulation virtual contentand low efficiency in modifying a 3D scene view to uncover an object.