Case Study on Efficiency Analysis and Financial Analysis of Return on Investment

Improving security is no longer simply a moral obligation, it has become a business imperative. Failure to do so can significantly undermine brands, alienate customers, damage market valuations and result in missed opportunities.

Biometrics offers a strong and price effective authentication alternative to smart cards, traditional passwords, tokens and PINs. With the Technology developed by InfoAspects and its Partners, Biometrics will be able to address the requirements for large-scale deployments in complex government, institutions, Hospitals, personal and commercial systems.

Top Findings:

Biometric revenues are expected to grow from $399.4 million in 2000 and $1.9 billion in 2007 to $10 billion in 2010
Large-scale public sector biometric usage, currently 70% of the biometric market, will be surpassed by private sector deployments. Biometrics sales for PC/network access will reach $3 billion in 2010

Finger-scan and biometric middleware will emerge as two critical technologies for the
desktop, together comprising approximately 40% of the biometric market by 2007

The two industry verticals that will adopt biometrics most rapidly are financial services
and manufacturing , with revenues increasing at average annual rate of 56% and 72% respectively.

How Biometrics is more Cost-effective compared to Card Systems or any other Attendance Monitoring/ Access Control Systems in Indian Industry?

As per the research and survey done , Biometric Based systems invariably improve attendance and efficiency of any HR system at least from 1 to 10%.

We took five organizations with more than 1000 employees as a sample for this survey.
It was assumed that their present system is considerably efficient and if you intend to further improve it by minimum 2%. Then, the calculation is as follows based on the inputs provided.

Assuming the average organization’s employee Strength as 1000, and average salary paid per employee to be INR 7000.00.
The total salary paid per month is Rs 70,00,000.00

On improving the efficiency of the system by 2% that is ensuring the personnel are there in their work place on time or removing redundant employees with the help of the system, the organization saves Rs 1,40,000.00! Per month.

If the proposed cost of the system is approximately 2 to 3 lacs, with no recurring costs, the organization can get back the amount invested in approximately 40 - 60 days! And further savings upto Rs 15,00,000.00 in the first year itself !

Other Benefits of a Biometric System

• Rugged/ Minimum maintenance
• Hassle free and Easy to use
• Non-intrusive and No proxy login possible
• Stand Alone (No PC Required)
• Networkable
• Scratch Resistant
• User-friendly LCD Display and alphanumeric pad.
• Detects greasy, cut and stained/soiled fingers etc.
• Digital Template based 1:N verification system
• Upgradeable – Access Control / Print etc.
• Virtually unlimited users
• Super fast verification
• Mobility Control
• State of the art device manufactured for India.