Music Analytics Opportunities

Once upon a time the words music listening habits were private as their bedrooms, music lovers used to buy the CDs, recordings and other physical copies of music and never publicly shared, Record companies were aware which radio station played their songs and where their CDs were popular, but that information painted an incomplete picture at best. Who knew what music people were sharing on tapes and CDs burnt in the privacy of their own bedrooms?

A traditional business metrics like number of CDs were sold and nothing happened after that, who purchased what and whom to assist what to buy, all this was anonymous. Thats all changed after explosion of online music sources like torrenting, music streaming sites and social media platforms, are now playing a very key role for music industry to understand their fans, spot upcoming talents like never before and anyones personal music interest nowadays becoming a public. Music analytics is now worth around $24.35 billion per year.

At the same time that the internet is taking power away from record labels, it is also giving them the ability to predict future hits.

Capitalizing Bigata.!!!

90% of data created today is unstructured and more difficult to manage that generating from data sources like social media(facebook, twitter), video(youtube), texts(application logs), audio(viacom), email(gmail), and documents. As all of know the social media becoming revolutionary factor for businesses.

 

Bigdata is much more than data and is already transforming the way businesses and organizations are running. It represents a new way of doing business, creating a bright path for future business world, one that is driven by data oriented decision making and new types of products and services influenced by data. The rapid explosion in Bigdata and ways to handle it, changing the landscape of not only IT industry but all over the data oriented systems, And this data is becoming so powerful and important to drive for today’s businesses, as it contains customer insight and business growth opportunities that have yet to be identified or even no one had a idea about. But due to its volume, type and speed of change, most companies are doesn't have enough resources  to address this valuable data and get business out of it. 

Its time to get together and find out the ways and patterns from bigdata that can help us to make our lives even simpler and we have the solution(Hadoop) but need to explore it more, to focus on true growth and identifying the business opportunities.

Music Analytics Opportunities

Once upon a time the words music listening habits were private as their bedrooms, music lovers used to buy the CDs, recordings and other physical copies of music and never publicly shared, Record companies were aware which radio station played their songs and where their CDs were popular, but that information painted an incomplete picture at best. Who knew what music people were sharing on tapes and CDs burnt in the privacy of their own bedrooms?

A traditional business metrics like number of CDs were sold and nothing happened after that, who purchased what and whom to assist what to buy, all this was anonymous. Thats all changed after explosion of online music sources like torrenting, music streaming sites and social media platforms, are now playing a very key role for music industry to understand their fans, spot upcoming talents like never before and anyones personal music interest nowadays becoming a public. Music analytics is now worth around $24.35 billion per year.

At the same time that the internet is taking power away from record labels, it is also giving them the ability to predict future hits.