“It’s the Data, Stupid”
Wondering about the “Future of Biometrics”? It is all about the data. At least if you look where IBM is placing its bets.
The news that IBM is buying Algorithmics for $387 million is yet another deal by Big Blue that enhances its analytical, risk management and financial expertise.
Over the last five years, IBM has spent more than $14 billion on 25 acquisitions focused on analytics to help its customers deal with “exponentially growing amounts of unstructured data from sources such as social media, biometrics and criminal databases,” notes Reuters. On Wednesday, IBM announced it will buy British security analytics software firm i2 for an undisclosed sum.
Organizing, integrating and making sense of “exponentially growing amounts of unstructured data” will continue to drive IT development for the foreseeable future. In the biometrics realm, we are in the very early stages of trying to figure this all out.
Imagine the complexity as millions, perhaps hundreds of millions, of government, commercial, and even personal interactions and transactions are biometrically enabled over the next five years. A daunting, yet inspiring prospect.