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996: Entertainment Intelligence, Analytics For Music Streaming

996: Entertainment Intelligence, Analytics For Music Streaming

FromThe Tech Talks Daily Podcast


996: Entertainment Intelligence, Analytics For Music Streaming

FromThe Tech Talks Daily Podcast

ratings:
Length:
23 minutes
Released:
Oct 19, 2019
Format:
Podcast episode

Description

Did you know that artists only get paid if you play a song on a music streaming service such as Spotify for more than 30 seconds? These new trends are changing the way the creative process for musicians. But, a company called Entertainment Intelligence (Ei) is also changing the way the music industry collects, views, and utilizes data. Ei is unique in its ability to seamlessly blend information, including social, playlists, sales, and consumption data from a limitless number of sources, tracking and analyzing information at breath-taking speed. Charts are helpful if you’re part of music’s top 10%, but what about the other 90%? Public data analytics dashboards look cool, but what do they really tell us? Music data analysis experts Entertainment Intelligence (Ei) have established a whole new approach to help artists and labels see where they stand with fans--and to guide them to better marketing and creative decisions in a global music market. Using a large body of granular data, it has generated a powerful set of Indie Benchmarks (iB) that offer actionable insights to independent labels, artists, agents, and marketers on par with the internal tools used by the majors. “Charts are an artifact of the physical retail era when we only really cared about how many units were moving out of the store,” notes Ei founder Greg Delaney. “Data like total overall sales or follower counts are of extremely limited use; how many people go and unfollow an artist or playlist, for instance?” Ei founder Greg Delaney joins me on my daily tech podcast to share the story behind the company and how they are helping artists. Greg is an innovative and versatile technologist with experience across a wide range of industries, from banking and finance to transport, entertainment, and manufacturing. Having established, run, and sold a number of start-ups, Greg explains how he is now using his experience to help other small and growing businesses evolve through technology. I learn how Ei uses listener-level data direct from DSPs like Apple and Spotify, anonymizes them across its client base, which includes labels like Concord, Domino, and the Secretly Group. We also explore how they apply machine learning to uncover relevant audience patterns and peer artists, creating truly useful benchmarks for independent music professionals.
Released:
Oct 19, 2019
Format:
Podcast episode

Titles in the series (100)

Fed up with tech hype and buzzwords? Looking for a tech podcast where you can learn and be inspired by real-world examples of how technology is transforming businesses and reshaping industries? Keep informed of the latest business and tech trends by listening to stories of other people in your field and how they are overcoming challenges with emerging technologies. Learn from the guest's actionable tips, and lessons learned to obtain greater clarity and how you can leverage technology. In this daily tech podcast, Neil interviews tech leaders, CEOs, entrepreneurs, futurists, technologists, thought leaders, celebrities. I have also teamed up with Citrix and its Citrix Ready partners to reveal how they are solving problems together while building the future of work. We discuss how tech trends such as AI, machine learning, 5G, IoT, AR, VR blockchain, crypto, and digital transformation strategies are already reshaping our world. Guests from every industry educate listeners through sharing their road to success, startup stories, and how technology transformed their business and life. Join me for a daily dose of optimism and motivation as I prove that technology really does work best when it brings people together.