How is the Media and Entertainment Industry Making
- Elsa Barron
- Jun 1, 2023
- 1 min read
In today's environment, Media and Entertainment organisations strive to differentiate themselves from competitors by providing entertainment and material that their consumers like. To do so, businesses must first thoroughly understand their target audience, including when and how they choose content and products. This is where big data analytics comes into play.
Leading players in the media and entertainment industries, such as Netflix, Amazon, and Disney, have already used big data analytics as part of their operational framework to improve the viewer experience. Hulu is well-known for employing analytics to acquire and recommend content. Similarly, many entertainment organisations use big data and artificial intelligence analytics to better their offers and optimise their procedures. As a result, the media and entertainment industries benefit greatly.
In the media and entertainment (M&E) industry, data analytics is assisting businesses in gaining hidden insights about audience behaviour while also assisting in the delivery of personalised content. Furthermore, data analytics in the media business is pushing digital transformation since organisations may obtain accurate data insights on viewers. As a result, big data holds the key to driving profitability in the media and entertainment industries.
How Big Data Analytics is Increasing the Competitiveness of Media Companies Almost all media and entertainment companies confront the same challenges: attracting new viewers and retaining existing ones while keeping them engaged. By incorporating data analytics, entertainment companies can acquire extensive insights into their audiences as well as their systems and procedures. More information: https://www.sganalytics.com/blog/media-and-entertainment-industry-leveraging-big-data-analytics/
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