Earlier, technology has found it difficult to correlate events with human emotions, but that is changing as innovators are adding an emotional quotient (EQ) to technology’s IQ at scale. Six raw emotions are recognised around the world: happiness, sadness, fear, anger, surprise and disgust. The reason that understanding emotion is attractive to businesses is because of the potential revenue streams it offers. The concept of inducing Empathy into computing is still a growing field. Research firms’ claim that the practical, empathetic computing market, is set to rise to $56 billion by 2021.

Already slated for dramatic growth, the emotion detection market is more vital than ever. Today, the need for emotion-detection technology is worth roughly $21.6bn, and its value is predicted to more than double by 2024. As the data becomes ubiquitous and shared more broadly, it can accelerate the development of new and more robust technology in the future. Therefore, successive generations will witness the social impact of an emotionally aware device and the potential applications to mental well-being and healthcare of any individuals.

Compiled and edited by Prateek Bebortha Business Analyst ETgarage