{"id":61070,"date":"2014-09-29T06:44:14","date_gmt":"2014-09-29T10:44:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=61070"},"modified":"2014-09-29T07:31:46","modified_gmt":"2014-09-29T11:31:46","slug":"introducing-big-brothers-secret-weapon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/introducing-big-brothers-secret-weapon\/","title":{"rendered":"Introducing Big Brother\u2019s Secret Weapon"},"content":{"rendered":"
September 29, 2014<\/div>
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By WallStreetDaily.com<\/span><\/a> \"Introducing<\/p>\n

By Robert Williams<\/a>, Founder<\/em><\/p>\n

The FBI just launched its new tracking system, which relies on facial recognition software.<\/p>\n

By next year, the database is expected to house 51 million photographs.<\/p>\n

It constitutes big news on two fronts\u2026<\/p>\n

First, there\u2019s a chance that your photograph is in the FBI\u2019s database.<\/p>

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Second, although Lockheed Martin<\/b> (LMT<\/a>) powers this soon-to-be ubiquitous technology, the real opportunity lies elsewhere\u2026 That is, in the company providing Lockheed with the secret algorithm.<\/p>\n

Next Generation Identification:\u00a0The FBI\u2019s Shiny New Toy\u2026<\/h2>\n

Conventional wisdom suggests that the FBI would rely solely on post-arrest mug shots and video feeds from security cameras to fill its national database.<\/p>\n

As I see it, law-abiding citizens have earned an exemption from appearing on the list alongside criminals, right?<\/p>\n

Well, the FBI doesn\u2019t see it that way.<\/p>\n

It\u2019s taking a much more ambitious approach.<\/p>\n

Along with mug shots and surveillance cams, the FBI will also upload the photos obtained from the background checks it conducts for private sector and government job candidates.<\/p>\n

The FBI made assurances that the facial recognition system isn\u2019t connected to the internet or social networks, or your local Department of Motor Vehicles\u2026 but I suspect it\u2019s only a matter of time before such measures are fair game.<\/p>\n

It\u2019s all part of a comprehensive rollout of what\u2019s being called the \u201cNext Generation Identification<\/a>\u201d (NGI) system.<\/p>\n

It\u2019s a $1.2-billion project that uses state-of-the-art biometric technology to boost America\u2019s national security and law enforcement capabilities.<\/p>\n

Building on the Integrated Automated Fingerprint Identification System (IAFIS), NGI includes a host of new biometric identifiers \u2013 facial recognition, voice recognition, iris scans, palm print identification, photos, and even DNA profiles.<\/p>\n

In short, it\u2019ll be the world\u2019s biggest biometric database \u2013 with the information easily available to both federal and state law enforcement bodies.<\/p>\n

The database won\u2019t just benefit the Feds, either, as police around the country will also have access.<\/p>\n

If You Hate Big Brother\u2026<\/h2>\n

Then NGI is your mortal enemy.<\/p>\n

You see, with 30 million surveillance cameras in the United States, the system could tap into the cameras, using facial recognition to hold both criminals\u2019 and non-criminals\u2019 details. In fact, you probably won\u2019t have a clue if your details are being captured for the system.<\/p>\n

Needless to say, privacy advocates are concerned about the ability to randomly track and collect data on innocent folks. But the system will allow the FBI and police alike to identify people much easier and quicker \u2013 from serious crimes to routine traffic stops.<\/p>\n

Indeed, during an arrest, the waiting time to identify the perpetrator will be slashed from two hours using the old system to a mere 10 minutes. And employers using it for background checks will no longer have to wait 24 hours\u2026 results will be available in just 15 minutes.<\/p>\n

The Backdoor Route Into a Booming Industry\u2026<\/h2>\n

Defense contractor, Lockheed Martin, designed the FBI\u2019s NGI system in a deal worth upwards of a billion dollars. That being said, the company needed a lot of help getting the system off the ground.<\/p>\n

The help largely came via MorphoTrak, a U.S.-based subsidiary of the French defense giant, Safran SA<\/b> (SAF.PA<\/a>).<\/p>\n

MorphoTrak\u2019s technology already powers biometric scans at 450 U.S. airports and DMVs in 42 states. And its biometric matching algorithms are ranked No. 1 by NIST (National Institute of Standards and Technology) for latent fingerprint matching accuracy.<\/p>\n

The parent company, Safran, has its hand in everything \u2013 from building the landing gear, wheels, brakes, and ventilation systems for aircrafts\u2026 to manufacturing the propulsion systems for drones.<\/p>\n

But I believe that its booming biometric security segment \u2013 which is increasingly relying on facial recognition technology \u2013 is big enough to push the stock higher.<\/p>\n

Both Lockheed Martin and Boeing<\/b> (BA<\/a>) carry price-to-earnings ratios around 19. Safran\u2019s is only 13, yet it\u2019s making serious forays into an industry that I regard as having much more growth potential.<\/p>\n

Since Safran trades on an intentional exchange, you won\u2019t be able to execute the trade over the internet. But just give your broker a call and you shouldn\u2019t have any problem entering a position.<\/p>\n

Buy on the dips.<\/p>\n

Onward and Upward,<\/p>\n

Robert Williams
\nFounder, Wall Street Daily<\/i><\/p>\n

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The post Introducing Big Brother\u2019s Secret Weapon<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

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By WallStreetDaily.com By Robert Williams, Founder The FBI just launched its new tracking system, which relies on facial recognition software. By next year, the database is expected to house 51 million photographs. It constitutes big news on two fronts\u2026 First, there\u2019s a chance that your photograph is in the FBI\u2019s database. Second, although Lockheed Martin […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-61070","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=61070"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61070\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}