But there is one other big bet to consider: that people will be comfortable with the privacy implications posed by widespread application and adoption of adaptive, real-time recognition technology.
Numerous major police departments have "real-time face recognition" technology that allows surveillance cameras to scan the faces of pedestrians walking down the street, the report found.
The Sense technology can support facial recognition but Neurence is targeting objects rather than people at this point, given the massive privacy can of worms that automatic, real-time facial recognition technology inevitably opens up.
Chief executive Shaun Moore tells me that the integration with IFTTT represents the first time that facial recognition technology will be made available to the masses without the need to understand complex code.
But Reuters Insider also produces almost real-time transcripts through voice recognition technology — the renderings are pretty rough, but useful — and then humans come behind and clean up some of those transcripts, while adding additional tags, links and other relevant information.
The company behind PhotoMath is MicroBlink, with its mobile vision and real-time text-recognition technology".
However, it's not the first time it has leveraged image recognition technology in some capacity.
He said it was the first time that the Park Service had used face recognition technology, which is used in several airports and by some municipal police forces, and at many major casinos to identify cheats.
During the course of the presentation he says several times he'd love to have facial recognition technology campus-wide, and has gone so far as to get an estimate for costs.
Gatwick, for instance, uses facial recognition technology to make sure queue time in security is always below five minutes.
He's been keeping an eye on facial recognition technology, and thinks it's time for stricter oversight.
