Face recognition opens up billions of markets to see what players are at home and abroad

In recent times, a video about "China Skynet" has gone viral on social media. The footage shows that the "Skynet" system not only identifies facial features of pedestrians but also connects to databases for matching searches based on identified characteristics. This makes it an invaluable tool in locating criminals and missing persons. At yesterday’s “Hangzhou Yunqi Conference,” face recognition technology showcased some impressive applications. It's not just used for conference management—China Post even demonstrated its advanced "face scanning" technology, which successfully captured attention from the audience. From related videos, we can see that once a user receives a notification about a package pickup, they go to a smart cabinet. Facing the camera, the courier box uses an infrared camera to capture images in both near-infrared and visible light. It then analyzes facial textures and micro-expressions for accurate face recognition. If the match is successful, the door opens automatically, allowing the user to collect their parcel. Compared to the old method where couriers had to manually check packages, this new system is much more efficient. Users no longer need to search through piles of parcels. Additionally, the entire face recognition process operates at a millisecond level, with a financial risk prevention module that filters out factors like photos, videos, or masks. This prevents fraud and significantly reduces the risk of stolen deliveries. Face recognition is now widely used in various fields. Many people have experienced it at airports, where security personnel use cameras to verify passengers' identities against their tickets. However, this process usually requires users to remain still, which can be inconvenient during long queues. To address this, Dubai International Airport introduced face recognition technology in 2018, replacing traditional passport checks. Passengers can now enter a special channel equipped with over 80 face recognition cameras. As they walk through, the system identifies them without any hassle, helping to manage traffic flow more effectively. Beyond logistics and security, cities like Shenzhen, Jinan, Haikou, and Shanghai have deployed red-light face recognition systems at intersections. These systems capture pedestrians who run red lights and display their images on large screens, making them visible to everyone. This public shaming has helped reduce jaywalking behavior, as many people quickly contact authorities to avoid further exposure. The global face recognition market has seen rapid growth, rising from $390 million in 2009 to $2.653 billion in 2016, with an average annual growth rate of 31.5%. Experts predict continued expansion, reaching around $7.595 billion by 2022. Despite its potential, challenges remain. Lighting conditions, changes in appearance (like glasses or hairstyles), and even identical twins can affect accuracy. Moreover, non-matching situations—such as wearing hats or sunglasses—can lead to incomplete facial data, causing recognition failures. Age-related changes, especially in adolescents, also pose a challenge. However, ongoing research and advancements in AI are improving the technology. Globally, several companies lead in face recognition. Internationally, firms like Cognitec (Germany), Herta (Spain), NEC (Japan), Identix (USA), Bioscrypt, Google, and Facebook are prominent. Domestically, companies such as Shangtang Technology, GTS Technology, and Yuncong Technology are leading the way in China. Shangtang, for instance, has achieved a 99% recognition rate and is backed by top investors. Its collaboration with the Chinese University of Hong Kong has set a high standard in the industry. As the technology continues to evolve, face recognition is expected to become a key identity verification method, offering vast business opportunities in the IoT era.

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