Artificial intelligence (AI) and the emerging technology revolution have brought many incredible advances. From natural language processing to facial recognition technology to semantic analytics, there are many things to admire and appreciate. Because modern facial recognition technology cannot exist without AI, much of the discussion in this area revolves around the accuracy of the AI component. But, as with all things, there are cautionary issues to be taken into account. One of the most pressing issues is that of racial equity and diversity.
This publication, developed by the Financial Services Innovation Coalition with support from the Security Industry Association (SIA) and SIA’s Identity and Biometric Technology Advisory Board, explores what policy makers and stakeholders should consider when it comes to facial recognition technology, race, diversity and inclusion. The paper examines the benefits of facial recognition technology, the danger of inaccuracies and human error and the need for inclusion in the tech marketplace.