Apple is creating a future without passwords where computers just ‘know’ who you are — and that might trigger the death of the smartphone (AAPL)


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Face ID has the potential to usher in a “Minority Report”-like future where passwords and security logins no longer exist.
If all devices and software automatically know who you are, and your bank account is linked to your ID, then you don’t need a device. You just need you.
UBS analysts Steven Milunovich and Benjamin Wilson believe Apple is creating a new “Ambient Paradigm” of computing that will replace the smartphone era.
The iPhone is threatened by Face ID in the same way that your wallet or purse is currently threatened by your iPhone.

The most interesting new technology Apple introduced this week was Face ID, a 3D facial recognition system the iPhone X uses to unlock your phone. It replaces Touch ID, the fingerprint system still in use on most iPhones.

Face ID has the potential to usher in a “Minority Report”-like future where passwords and security logins no longer exist. Nearby computers will just “know” who you are, and let you use them accordingly.

This might hasten the so-called “death of the smartphone.” If devices and software all automatically know who you are, and your bank account is linked to your ID, then you don’t need a device. You just need you. Any connected interface will be able to serve your needs, and connect you to all your stuff in the cloud, in a completely secure way.

‘Apple has a philosophy of self-cannibalization and identifying personal technology trends. It appears to be laying the foundation for the next era.’

UBS analyst Steven Milunovich and his colleague Benjamin Wilson have been developing this theory since last year. They believe Apple is creating a new “Ambient Paradigm” of computing that will replace the smartphone era. In a note from 2016, they said:

“History suggests that few if any hardware vendors stay at the top for long with the ‘good enough’ attack from below the main reason. However, we think that Apple could become a leader in developing the Ambient Paradigm, essentially raising the bar on user experience and fending off competition.”

“Apple has a philosophy of self-cannibalization and identifying personal technology trends. It appears to be laying the foundation for the next era with transition products, such as Apple Watch and AirPods, and services provided by a multi-sided platform. We expect new product categories to be launched.”

“… Investors may need to look beyond the first-order purpose of the devices (health/notifications/earphones), just as focusing on iPod as a music player …read more

Source:: Business Insider

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