Chinese flag but with camera instead of stars

Artificial Intelligence has been around for quite some time now, it has made a significant mark on our daily lives—we often use products and services knowingly and unknowingly that leverage AI in some way or the other. New studies support this trend and businesses leaders are waking up to the possibilities of growing their businesses by integrating AI applications.

 

In a recent study from the Boston Consulting Group and Massachusetts Institute of Technology Sloan Management Review, based on interviews with more than 3000 executives, analysts and business leaders in 112 countries and 21 industries have found that more than 84% of the respondents say that use of AI will enable them to obtain a critical competitive edge over their rivals.

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Kairos at Google Next conference

Google Next is Google’s annual conference focusing on their cloud computing offering, Google Cloud Platform. Thanks to our great Google Cloud account team in Miami, we were able to attend this year and learn about Google’s new announcements, network with experts and other peer companies, and get some in depth knowledge about GCP.

 

For a little while now we have been working to migrate our cloud from Amazon Web Services (AWS) to Google Cloud Platform (GCP). We’ll be providing more details of the move, our learnings and other interesting tidbits of our journey in a future post, but for now let’s talk about the Google Next conference.

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Illustration of the word 'ethics' and 'face recognition'

Estimated to be valued at close to $10bn by 2023, with a compound annual growth rate of 16.8%, the global face recognition market is rising. Major growth forces behind the market are the evolving surveillance market and government expenditures in the arena of biometric technologies; yet, the use of face recognition has much to contribute in other areas, such as helping businesses combat consumer fraud, meet dynamic regulatory compliance, and delivering profitable customer experiences.

 

Originally more science fiction than reality, it lacked precision and scalability; that is no longer the case. Some of the world’s largest companies have acquired and implemented face recognition technology in recent years. It’s now become a key feature of many modern businesses and continues to impact multiple industries. Face recognition has come a long way since its inception in the 1960s.

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Kairos presents The Identity Economy™

Every month, we’re bringing you the best news and views on the most compelling topic in technology today—Identity. All lovingly curated by the team at Kairos.

 

First, some housekeeping: This is the inaugural episode of The Identity Economy™ since moving off of the Medium platform. Why did we move? Well, we realized while Medium is great for amplifying articles, ultimately we wanted to make 'The Identity Economy™' synonymous with Kairos. That meant publishing it on our homegrown blog. #ContentMarketing etc.

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Kairos Partners with RapidAPI to provide facial recognition to developers

Facial Recognition is in big demand with businesses all over the world—from preventing fraud to enabling more profitable customer experiences; it’s becoming the natural authority on identity. Which is why we’re excited to announce a renewed partnership between Kairos and RapidAPI—the leading API marketplace for software developers.

 

Together, we’re bringing the benefits of ethical and scalable facial biometrics to a wider audience, helping developers and businesses alike get access to one of the planet’s best face recognition algorithms.

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