China gets bio­met­ric edge in AI in­dus­try

China Daily (Canada) - - DEPTH - By FANFEIFEI

Bio­met­ric iden­ti­fi­ca­tion, the au­to­matic recog­ni­tion of in­di­vid­u­als based on their phys­i­o­log­i­cal and be­hav­ioral char­ac­ter­is­tics, is at the heart of the ar­ti­fi­cial in­tel­li­gence in­dus­try.

The tech­nol­ogy that al­lows iden­ti­fi­ca­tion through fin­ger­prints, palms, the face and the eye scan pre­vent fraud, en­hance se­cu­rity and help pre­vent iden­tity theft.

At present, China is at the fore­front of bio­met­ric iden­ti­fi­ca­tion tech­nol­ogy, es­pe­cially in the field of speech recog­ni­tion, which ac­counts for about 60 per­cent of China’s AI ven­ture cap­i­tal in­vest­ment, while vis­ual recog­ni­tion takes up 12.5 per­cent.

Tra­di­tional in­dus­tries will be­come the big­gest ben­e­fi­cia­ries of AI ap­pli­ca­tions. AI tech­nolo­gies have been widely ap­plied in health­care, in­dus­try, agri­cul­ture, fi­nance, busi­ness, ed­u­ca­tion and se­cu­rity, ac­cord­ing to in­dus­try re­search com­pany In­ter­na­tional Data Corp.

At present, AI tech­nol­ogy is more ad­vanced in the fields of fi­nance, re­tail, health­care and smart cities. The tech­nol­ogy has ex­erted a pro­found ef­fect on in­no­va­tion in these sec­tors.

IDC also es­ti­mated that the wide­spread adop­tion of cog­ni­tive sys­tems and AI across a broad range of in­dus­tries will drive world­wide rev­enues from nearly $8 bil­lion in 2016 to more than $47 bil­lion in 2020.

The mar­ket for cog­ni­tive/AI so­lu­tions is ex­pected to ex­pe­ri­ence a com­pound an­nual growth rate of 55.1 per­cent from 2016 to 2020.

Tech com­pa­nies such as Face­book

We have en­tered an AI era and will see huge changes to so­ci­ety ...”

Inc, Google Inc and Mi­crosoft Corp and do­mes­tic in­ter­net giant Alibaba Group Hold­ing Ltd have al­ready tapped into the AI field.

Ac­cord­ing to iRe­search Con­sult­ing Group, the world­wide AI mar­ket reached about 48.4 bil­lion yuan ($7 bil­lion) in 2015. It is es­ti­mated that China’s AI mar­ket will reach 9.1 bil­lion yuan by 2020.

Al­though the ex­plo­sive growth of AI re­lies on more data, faster hard­ware and bet­ter al­go­rithms, its suc­cess needs to be tested by com­mer­cial­iza­tion. So the ex­ploita­tion of ap­pli­ca­tion sce­nar­ios is a sig­nif­i­cant fac­tor.

Wang Yue, se­nior re­search man­ager at IDC China, said: “We have en­tered an AI era and will see huge changes to so­ci­ety and the econ­omy as a re­sult of AI.”

Wang added that AI com­pa­nies must boost co­op­er­a­tion and work to­gether, and the tech­nol­ogy is to gain pop­u­lar­ity among or­di­nary peo­ple in the fu­ture.

“Both the high-tech or tra­di­tional prod­ucts will be em­bed­ded with AI tech­nol­ogy. The AI Plus will drive the new round of eco­nomic devel­op­ment af­ter In­ter­net Plus.”

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