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BMI Is Gaining Momentum |
NEWS |
The use of Brain-Machine Interface (BMI), also referred to as Brain-Computer Interface (BCI), is a promising technological application that is currently attracting increased attention and undergoing multiple experimental designs and proof of concepts. Its key objective is remarkably captivating: allow humans to control any piece of technology or digital application using solely their mental faculties, ushering in the next step in human-machine interaction in the connected era. BMI is currently strongly powered by academia, with companies trying to secure additional investments and steadily attempting to make a few steps into the spotlight. The main objective for companies interested in BMI at this point is to avoid the “gimmick” tag and provide evidence of something functional, reliable, and marketable. BMI is expected to make the transition to consumer markets within the next 5 years.
Not a Completely Novel Technology but Quite a Novel Approach |
IMPACT |
Is this a novel technology? Does it have a higher chance of failure to enter the larger consumer market? As mentioned in the ABI Research report Transformative Horizons: Biometrics in the IoT, BMI is touted as a novel technology, but it actually has rather deep roots in medical science. Modified usage of Electroencephalogram (EEG) scans and functional Magnetic Resonance Imaging (fMRI) has long been applied to obtain ephemeral, long-standing, and critical information for physiological, cognitive, and emotional faculties. This data is highly valuable and unobtainable by almost any other means. Cognitive Neural Prosthetics (CNP) is also used in healthcare prosthetics and robotics, translating cognitive states of subjects into motor execution.
While most of the above technologies are currently almost exclusively used to assist with prognosis, people with disabilities, and healthcare issues, some modified principle can be applied for other applications. There might be a chance that BMI fails to market, much like VR technologies, which have been discussed for decades and overhyped over different periods of time. However, there is a considerable wealth of experimental information after years of extensive testing in the medical sciences waiting to make the jump from healthcare to the larger consumer environment, thus reducing the chance of a “bubble burst.”
Elon Musk's AI Symbiosis, BMI-Powered Gaming in Steam, or Health Monitoring? How About All? |
RECOMMENDATIONS |
“Brain biometrics” and tech considerations – what should you tackle during the first iteration? BMI was also dubbed (perhaps somewhat more loosely) as “brain biometrics.” However, currently this refers to the act of brain scanning rather than actual security purposes. Academic papers do provide evidence of advanced functionality enabled by BMI, and ABI Research posits that in theory it would be plausible to use different measurements for “brain authentication.” It is expected that this authentication functionality will mostly likely appear in later iterations of the technology and only after it has established itself in the consumer market with a less security-focused value proposition. Certain other aspects like user interface, navigation and interaction, successful hardware adaptation for wearables and headsets, user safety, data protection, third-party access control, regulation (if any), and technology migration (from the highly specialized environments making use of BMI to consumer markets) are the first hurdles to deal with prior to making use of brain interface as a biometric authentication technology.
A few key companies – who is doing BMI right now? Noteworthy vendors include established billion-dollar players and entertainment market leaders in their respective fields like Valve, which owns the Steam gaming platform; certain promising new startups like Neurable, Emotiv, Kernel, Bitbrain, NeuroSky, NeuroPro, MyndPlay, and OpenBCI (which actually partnered with Valve); and trailblazing market entrants backed by advanced AI like Elon Musk’s own Neuralink. BMI applications are now entering further down the technological zeitgeist with organizations honing their skills trying to attract additional investment rounds and plant a flag in this emerging market within the consumer ecosystem.
Value proposition – do they have it? Other than the overuse of the word “neuro” in company names, many promising startups have another thing in common: a wide spectrum of innovative solutions, albeit with rather non-conventional value propositions. Some of them can be a bit more straightforward:
Incoming market disruption? Quantifying the financial potential of a brain interface technology in the consumer market is rather challenging since it may all come down to the sum of technical details. In short, if the end product is more or less an “expensive gimmick,” then investment rounds will take a significant blow. On the other hand, if it does manage to find its way in gaming, entertainment, smart home, or even telemedicine applications, then it will most likely not only transform but also disrupt said markets.