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Some Benchmarks Regarding The Economic Implications Of The Latest Technological Discoveries Within Face Recognition

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  • SERBU Razvan

    (Lucian Blaga University of Sibiu)

Abstract

In this paper we try to present some benchmarks about the economic implications of the latest technological discoveries recorded at the level of facial recognition. The facial recognition system is today considered to be the most natural of all biometric measurements, and this is for a good reason because we naturally recognize our faces not looking at our fingerprint or iris. These new technologies and the data they offer have come to be concentrated around several companies that act as Internet colossuses and have stock market capitalization values adjusted to inflation higher than any other company in history. All the forecasts and dreams about the evolution of the tech sector seem to be fulfilled sooner (as in the case of the quantum computer) or later (as in the case of the Solar X). Along with "artificial intelligence" (AI) and "blockchain", facial recognition is certainly a significant digital challenge for all companies and organizations in many sectors.

Suggested Citation

  • SERBU Razvan, 2019. "Some Benchmarks Regarding The Economic Implications Of The Latest Technological Discoveries Within Face Recognition," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 71(3), pages 104-115, November.
    • Handle: RePEc:blg:reveco:v:71:y:2019:i:3:p:104-115
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    More about this item

    Keywords

    face recognition; tech-sector; economic development;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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