Professional sports teams across the world have adopted high-end health analytics tracking, following athletes every move, from what they eat to how much they sleep. It’s about optimizing every aspect of a team for top performance–and that same methodology is headed for the cubicle world.
Many UK banks, hedge funds, call centers and consultancies are implementing similar biometric tracking devices and analytics tools, moving beyond standard operational efficiencies to new worker-focused performance, reported Bloomberg Business.
The internal moves are being kept as private as possible for two key reasons: preventing accusations of invasions of privacy and maintaining a competitive advantage.
One Cambridge neuroscientist (and former Goldman Sachs (GS) trader) confirmed to Bloomberg that these tests are happening within big hedge funds. The companies are trying to find the connections between biological signals (say cortisol production or heart rate) and trading prowess.
The idea is to peg these signals to know when to either send a trader home for the day or know that they’re in the zone and potentially could double up on promising trades.
Read more at Bloomberg Business.