Data monetization can be an effective tool for helping companies and sectors boost profits and keep consumers happy. Here are five of the industries that data monetization strategies could benefit the most. Music The music industry experienced a prolonged period of upheaval due in large part to streaming services’ popularity.
Big data is being integrated into nearly every field. It should be no surprise that the multi-billion dollar music industry wants in. There are two major ways big data is already influencing the music industry: music creation and music selection. The second one, however, is making far more waves. It’s
The power of data mining in searching for consistent patterns and/or systematic relationships between variables is becoming undeniable. Similarly undeniable is alot of modern music tech provides great value to listeners, but meagre monetary incentive- if any at all- to the artists who use them. Bandsintown think they may have found a solution
I’m Alexandre Passant, and I’m co-founder of Music & Data Geeks. We’re a music-tech company based in Dogpatch Labs Dublin, Ireland. In particular, we’re building seevl, a music meta-data API to help music services make sense of their data, provide recommendations to their users, and more. I’ve been working in
Over the past few years, music subscription services have seen incredible growth, with revenues up by 51 percent in 2013 and the $1 billion threshold crossed. In contrast to that, over a decade of stagnation has seen Europe’s overall record sales grow by just 4.3 percent. Undoubtedly, services like Spotify,