Unfair Advantages of Emotional Computing
Earlier this week, Softbank CEO Masayoshi Son announced an amazing new robot called Pepper. The most amazing feature isn't that it will only cost $2,000, or that Pepper is intended to babysit your kids and work the registers at retail stores. What's really remarkable is that Pepper is designed to understand and respond to human emotion.
Heck, understanding human emotion is tough enough for most HUMANS.
There is a new field of "affect computing" coming your way that will give entrepreneurs and marketers a real unfair advantage. That's what this note to you is about... It's really very powerful, and something I'm thinking a lot about.
What are the unfair advantages?
Recent advances in the field of emotion tracking are about to give businesses an enormous unfair advantage.
Take Beyond Verbal, a start-up in Tel Aviv, for example. They've developed software that can detect 400 different variations of human "moods." They are now integrating this software into call centers that can help a sales assistant understand and react to customer's emotions in real time.
Better than that, the software itself can also pinpoint and influence how consumers make decisions.
For example, if this person is an innovator, you want to offer the latest and greatest product. On the other hand, if the customer is conservative, you offer him something tried and true.
Talk about targeted advertising! (You can check it out and test it out here: www.beyondverbal.com). But it goes beyond advertising, more importantly, to improving quality of life.
How can this improve quality of life?
Mary Czerwinski is a cognitive psychologist at Microsoft Research doing pioneering work in Affect Computing.
She tells a story about how she and her boyfriend were in a nasty fight. While they were bantering back and forth, a small wireless device on her wrist was monitoring her emotional ups and downs (through heart rate monitoring and electrical changes in her skin).
At the peak of the argument, when she was most upset, her boyfriend received a text message saying: "Your friend Mary isn't feeling well. You might want to give her a call."
Can you imagine?
The constant monitoring of our emotional landscape and personal interactions is a bizarre concept. But it is one that could help many people. Some of her early projects were aimed at helping autistic children who can't easily communicate their mood.
Other technologies monitor how hard you're pounding on your keyboards (another possible indicator of mood). Imagine if your computer flashed you a message: "Don't send that e-mail!"
What does it all mean? The user interface
The point here is that something as subtle and powerful as human emotion is coming "digitally online." It's being digitized and understood and monitored and commercialized. And you should know about it.
If you'd like to learn more about this, and other potentially disruptive technologies, join us in the Abundance 360 community. At Abundance 360, entrepreneurs and CEOs are constantly engaging about cutting edge technologies like this, and learning how to make them applicable and actionable today.
[Images: woman's emotion courtesy of Shutterstock]
He is the founder and executive chairman of the XPRIZE Foundation which leads the world in designing and operating large-scale incentive competitions.
Diamandis is also the co-founder and vice-chairman of Human Longevity Inc. (HLI), a genomics and cell therapy-based company focused on extending the healthy human lifespan.
He is also the co-founder and executive chairman of Singularity University, a graduate-level Silicon Valley institution that counsels the world’s leaders on exponentially growing technologies.
In the field of commercial space, Diamandis is co-founder and co-chairman of Planetary Resources, a company designing spacecraft to enable the detection and prospecting of asteroid for fuels and precious materials.He is the also co-founder of Space Adventures and Zero Gravity Corporation.
Diamandis is a New York Times bestselling author of two books: Abundance – The Future Is Better Than You Think and BOLD – How to Go Big, Create Wealth and Impact the World.
He earned degrees in Molecular Genetics and Aerospace Engineering from MIT, and holds an M.D. from Harvard Medical School.
His motto is, “The best way to predict the future is to create it yourself.”