British supermarket chain Tesco is installing face-scanning cameras at its 450 gas stations across the U.K. to target customers with customized ads

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A British Supermarket Chain Is Installing ‘Creepy’ Face-Scanning Cameras To Track Consumers

HAYLEY PETERSON NOV. 5, 2013, 9:19 PM 738 10

British supermarket chain Tesco is installing face-scanning cameras at its 450 gas stations across the U.K. to target customers with customized ads. Cameras at each register will scan customers’ facial features to determine their gender and age range, and then a targeted ad will pop up on a nearby screen intended to spur an impulse buy, the BBC reports. The system is 95% accurate in spotting men and 87% accurate in spotting women, according to an independent study on the website of French company Quividi, which developed the software. The system, which is licensed by the British firm Amscreen, has raised some privacy concerns.British privacy group NO2ID’s has compared it to something out of the movie Minority Report.

“A lot of customers will find it a bit creepy and intrusive,” the group’s campaign manager, James Baker, told The Yorkshire Post. “Our concern is that they will be scanning people’s faces without their permission and judging their behavior.”

In response to those concerns, Quividi CEO Olivier Duizabo said the system is “not comparable at all to Minority Report” because it does not store any images of customers.

“Algorithms and other routines are used to detect and classify a human face, in a completely anonymous fashion,” Duizabo told Business Insider. “Once detected, a count is made of the gender, broad age banding of the viewer, its presence and attention time. It is only these simple counts that are collected, stored and analysed. No personal or identifiable data is ever recorded.”

Supermarket giant Mondelēz International — which makes Oreos, Wheat Thins, and a host of other snack foods — is developing a similar technology provided by Microsoft’s Kinect called “smart shelves.”

Coca-Cola has also invested in facial recognition technology. The company has used Affdex, developed by Massachusetts firm Affectiva, to track consumers emotional reactions to ads as they watch them on TV or see them on a computer screen.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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