Voice Biometric Technology – A Positive Outlook
Biometric technology has come a long way. People are beginning to accept the technology in their day to day lives. A great example is the rapid surge of smart devices. These devices can come in numerous shapes and sizes such as smartphones, televisions, watches, vehicles and even fridges. Facial recognition, iris recognition and fingerprint recognition technologies are just some of the biometric technologies found in these smart devices. Another ingenious biometric technology that is being implemented successfully is voice biometric technology. Smart devices like Google Home and Amazon Echo utilize voice biometrics where users can use their voice to ask questions and deliver commands. These home devices feature voice recognition technology to identify different users and even voice verification technology to allow users to action and confirm commands such as voice banking.
Voice biometrics technology will only continue to grow as multiple reports show the voice biometric market’s growth. A report by MarketsandMarkets states that they expect the “far-field and voice recognition market” to be worth $3.5 billion by 2024. Additionally, a report by IDTechEx Research claims that the global market for “smart speech/ voice-based technology” will reach $15.5 billion by 2029.
Auraya aims to capitalize on this growing market as they continue to develop and enhance their voice biometric engine, ArmorVox™. This technology uses machine learning algorithms to create speaker specific background models for every voiceprint of every individual, irrespective of language, accents and dialects. It allows customers to implement voice identification, verification and authentication capabilities to various platforms such as contact centers, digital apps, browsers and bot technologies to create a unique and secure user experience.
