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Bloomberg highlights how fintech companies such as Behavox and Humanyze are using wearables and machine learning programs to help global trading firm's get an emotional picture of their employees. While the upsides are clear, emotional surveillance does sort of feel like a finance version of George Orwell's 1984.
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As younger traders accustomed to biometric devices like the Fitbit enter the industry, applications designed to boost performance and monitor employees will become commonplace, says Lo, who expects it to be widespread in less than 10 years. “The more data we have, the more we’re able to characterize the emotional state of the individual,” he says. “Everybody will have to have these kinds of analytics.”
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