In a few years’ time, every smartphone and laptop computer in the world will have eye-tracking technology if an innovative Swedish firm has its way

Tobii Leads With Eye-Tracking
By Vanesha Manuturi on 06:59 pm Mar 19, 2014
Stockholm. In a few years’ time, every smartphone and laptop computer in the world will have eye-tracking technology if an innovative Swedish firm has its way.

Founded by three Royal Swedish Institute researchers in 2001, Tobii is currently one of the world’s leading companies in eye-tracking technology.
For decades, researchers and other technology giants such as South Korea’s Samsung have been working on perfecting the technology.
The Seoul-based Samsung even included it in its latest Galaxy S4 device that was released last March.
Yet the Stockholm-based company prides itself in tackling the biggest challenge in eye-tracking technology: calibrating its near-infrared-based technology regardless of individual traits.
“Eye-tracking has been around, but the most difficult part was to track many people with a good accuracy, and also to make it simple for the users. I think that’s what makes us so successful,” Oskar Fajerson, the company’s vice president of sales in analysis solutions said when the Jakarta Globe visited Tobii’s headquarters in Stockholm.
Tobii’s sales primarily come from two areas: assistive technology and analysis.
Sales of assistive technology contributes 60 percent of Tobii’s revenue, while analysis make up between 35 percent to 37 percent, Fajerson said.
The remainder comes from the company’s miscellaneous services, such as licensing and hardware manufacturing.
Assistive technology helps those who have communication disabilities due to stroke or other diseases.
Devices are typically prescribed by an insurance company because of their high cost, according to Fredrik Ruben, the president of Tobii’s assistive technology unit.
For example, the Tobii’s I-series, which also includes a 24-hour battery life and a speech generator in addition to eye-tracking, costs approximately 10,000 euros or around Rp 157 million.
Tobii also offers slimmer versions of the I-series called the Tobii EyeMobile, which is can be docked on a Windows 8 tablet, and Tobii PCEye Go, which works through any standard laptop or desktop computer.
Tobii’s EyeMobile featuring Microsoft Surface currently costs $3,245 while its PCEye Go currently costs $1,995 according to the company’s website.
“One must say this equipment are rather expensive still, but I foresee that the price point will go down rapidly and this will be accessible to larger parts of the world,” Ruben said, adding that more demands and smaller technology would potentially narrow the cost in the future.
The company shipped 15,000 assistive technology units all over the world, including Indonesia, last year, although larger demand came from United States and European countries.
“The assistive technology came at an early stage at the company, realizing from the beginning that it’s not just about analyzing what you look at but also controlling what you look at,” Ruben said.
“Because it’s not just about communication — it’s also about freedom.”
Companies such as Microsoft, Yahoo, and China’s internet search engine Baidu, have used Tobii’s technology to track the behavior of their online visitors — such as, what online visitors see first and how long do surfers remain interested in advertisements.
The company is currently working on minimizing its near-infrared eye-tracking hardware to approximately the size of a pen.
“The ability to do it is months away. The caveat is making it affordable and feasible,” said Ruben.

Unknown's avatarAbout bambooinnovator
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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