How Big Data is Changing the Music Industry

How Big Data is Changing the Music Industry

The music industry has needed a face-lift for a long time. Luckily, the advent of big data might provide musicians with a more successful revenue model. This represents one of the biggest industry shifts that music has seen in decades. Let's explore the possibilities big data currently offers the long-suffering music industry.

A New Revenue Model

The entire revenue model of the music industry has changed in the last decade. Although streaming sites like Spotify helped curb online piracy, the music industry hasn't yet clearly defined the royalty rates for streaming music.

Big data might change that, because it helps bring artists and corporations together more effectively via high speed data analysis such as a Hadoop cluster. Data from streaming sites provide companies fantastic insights into the genres and styles their target demographic currently likes.

Although there's a long-raging debate about "selling out", it's starting to look like a big data-backed strategy might be the last refuge to get musicians paid.

The Failure of Subscription Services

YouTube recently unveiled their long-awaited subscription music service. It's a move designed to improve what some describe as their "absolute advertising overkill". Analysts are critical of this move--it certainly didn't work for Pandora or Spotify (not to name dozens of ...


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A Beginner’s Look at Big Data and its Benefits for Your Business

A Beginner’s Look at Big Data and its Benefits for Your Business

Not many people are familiar with the term "big data." Big data affects everyone and what's surprising is the fact that there is no education or training on its importance. In layman's terms, the phrase big data is used to refer to large and complex sets of data that can be computationally analysed to reveal trends and patterns. So, many people are not aware of the concept of big data, how it is used, or even what it is. Just to give a few examples, big data is collected on your supermarket loyalty card as you shop, on your social media account, and on your smartphone.

Uses of Big Data

Data collected from your supermarket loyalty card can be used by these stores to identify trends and to create personalized offers and deals providing benefits to both the organization and its customers. Data collected online from people's' social media accounts can be anonymised and used to improve users' experience online and many other good things. Data collected from satellites and smartphones can be used to determine the most popular routes in a city/town and help improve public transport. Local authorities can use big data to determine where social care is needed the ...


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The Basics of Deep Learning and How It Is Revolutionizing Technology

The Basics of Deep Learning and How It Is Revolutionizing Technology

Machine learning refers to a type of Artificial Intelligence (AI) that allows computers to learn beyond their initial static programming. These new programs are developed to analyze patterns in past data sets in order to adapt. More advanced computer programs are even capable of altering their code in response to prior exposure to an unfamiliar set of inputs, which opens a whole set of possibilities for the future of AI.

Some of the recent applications of machine learning include Google’s self-driving car and the algorithm behind the success of its web search function, companies providing online recommendation offers based on user's’ browsing history, and fraud detection.

Deep learning is a branch of machine learning that focuses on the neural network model inspired by our understanding of the biology of the human brain. The human brain contains billions of neurons that are capable of sending signals and connecting to each other within a certain physical distance. Programmers incorporated that structure by creating artificial neural networks that have discrete layers, connections, and directions in which the data propagates.

How Does Deep Learning Work?

Deep learning enables computer programs to process a lot of input data simultaneously, and use it to make decisions based on the ...


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Why Educational Systems Should Consider Big Data

Why Educational Systems Should Consider Big Data

Advances in technology have enabled good decision making in most educational institutions following the increased use of big data. The policy makers in the institutions have been using big data to understand the sentiments about the school and make systematic improvements to the student's performances. The term big data refers to a large amount of information flowing through various channels that only use computers for analysis. Learning institutions generate an immense amount of student's information that would be hard to capture and manage through conventional means. Therefore, big data comes in handy in helping improve the processing of data and increasing the storage capacity of the institutional data.

Understanding Big Data

Students' performances and experiences such as eating, social life, study, and sleeping have a high effect on their academic performance. Negative or traumatic experiences have a direct impact on the student's retention abilities. Therefore, most institutions now use big data to look into various aspects affecting the performance of a student. Academic institutions collect large quantities of data, but the problem lies in the analysis making it harder for the analytics to make data-based decisions and improve the organizational effectiveness.

Why Big Data and Not Small Data

Academic institutions collect data for many ...


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What Effect Will Deep Learning Have on Business?

What Effect Will Deep Learning Have on Business?

One thing that could have a deep impact on business is deep learning. Deep learning can be thought of as a subfield of machine learning. In specific, this form of machine learning was influenced by the study of the human brain. The algorithms involved are designed to mimic how the human brain operates to allow a machine to learn in the same way. This is done through a system known as an artificial neural network.

The benefits of deep learning for businesses are obvious. It allows a computer system with access to a lot of data to make its own autonomous decisions about the data through this learning process. It can produce better decisions and improve efficiency. There are many applications that can help improve a business’s operations and profit potential. Below are some of the possibilities.

Deep Learning Can Increase Sales

One of the best things deep learning can provide for a company obviously is helping it increase its bottom line. Deep learning, for example, can be deployed for the purpose of lead generation. Deep learning is a form of artificial intelligence. That AI can sift through all the data and then use it to present you with leads at that right ...


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How to Avoid a Data Breach

How to Avoid a Data Breach

Even a modest data breach can create serious problems that business owners cannot afford to take lightly. By some estimates, small businesses are the target of more than 40 percent of all online attacks. From providing staff and employees with the additional training in order to avoid any bad habits that may lead to security concerns to staying informed regarding the new threats that may be just over the horizon, business owners would be wise to take whatever steps may be necessary in order to enhance their level of digital security.

Consequences of a Breach

From the largest and most high-profile breaches to situations where business owners may not even be aware that their accounts or information may become compromised, calculating the true cost of a breach can often be difficult. In addition to more tangible instances that may involve the theft of funds or loss of assets, long-term damage to the brand or image of a business can often be quite costly. Consumers who have reason for heightened concern regarding their personal, account or financial information are far more likely to take their business elsewhere. Failing to address digital security concerns could end up sending the wrong message to potential ...


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How Your Small Business Can Take Advantage of the IoT Wave

How Your Small Business Can Take Advantage of the IoT Wave

From self-driving cars, tiny chips, automatic response sensors, smart machines to smart watches, the era of connected devices is already here. The IoT refers to the idea of connecting billions of devices to the internet. This concept has mostly affected how people are conducting business today.

Presently, technology plays a primary role in any business development. Both small and large businesses are embracing the state-of-the-art technology to keep speed with the stiff competition and the current clients' expectation.

According to world giant tech companies like Google, Xero, and Cisco, the world of business has only felt the surface of what technologies such as IoT and cloud technology has to offer.

Though big business and companies have already transformed in technology, small businesses and entrepreneurs are yet to venture into this new level of technology that makes the world a global village.

It is predicted that by 2020, small businesses will be dominated by smart machines and connected devices. Small businesses and other emerging areas of business will experience a rapid growth of connected things, leading to enhanced safety and security, improved marketing endeavors, and developing new business models.

Small businesses and entrepreneurs can benefit a great deal from the IoT applications to step up against ...


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Why Enhanced Connectivity Offers the Opportunity for Superior Data Analysis

Why Enhanced Connectivity Offers the Opportunity for Superior Data Analysis

Today's small businesses often have more numerous opportunities to employ data analysis than they might realize. Devices, appliances and equipment that maintain a constant connection to the Internet can often yield valuable information suitable for use in data analysis efforts. Being able to develop a clearer picture of their needs, situation and any opportunities that may be just over the horizon can ensure that small businesses are able to enhance the overall efficiency and profitability of their operations. The enhanced connectivity behind the so-called Internet of Things may offer significant benefits when it comes to auditing or analyzing data.

Putting Big Data to Work for Small Businesses

When it comes to the competitive world of business, being able to base decisions on more accurate information is often crucial. Small businesses can utilize data analysis in order to fine-tune cost-effective marketing efforts, analyze their current operations in an effort to identify areas of waste or inefficiency as well as ensuring that future policy changes and the implementation of new workflow processes may be tracked and assessed to greater effect. The electronic devices, systems and business equipment that businesses may rely upon during the course of their day to day operations may be able ...


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What Big Data Can Do For Your Small Business

What Big Data Can Do For Your Small Business

One of the most challenging aspects of running a business is managing the large volume of data it encounters on a day to day basis. Properly managing this information can provide some potentially useful insights that may ultimately increase your business’ capital. However, due to the large amount of data, those that contain invaluable knowledge are often buried underneath all the irrelevant information. Managing data may seem like a waste of time and effort when it produces no result. But once you learn how to efficiently manage big data, you’ll be able to make better decisions and plan better strategies for the betterment of your small business. Here’s how you can increase the capital of your small business by managing big data.

Hire Big Data Talent

The need for employees that are skilled in data analytics is dramatically increasing especially now that the world is mostly relying on technology to function. Thus, there is a shortage of employees that are exceptionally skilled in data analysis. Even for small businesses, one or two analytics expert is rarely enough. Building a team of highly skilled big data analytics experts, on the other hand, will make it easier for you to identify and address the ...


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What Is Fog Computing? And Why It Matters In Our IoT And Big Data World

What Is Fog Computing? And Why It Matters In Our IoT And Big Data World

Fog computing is a disruptive technology that adds another level of complexity to Cloud computing, which is the centralization of information into the hands of developers like Amazon (S3) who offer both massive storage and data analytics and processing for the data on their servers. Fog computing is a term that was laid out by a Cisco Systems paper, and is also known by IBM as “Edge Computing”. Fog computing is positioned to revolutionize production systems, transportation, and even the networks on which we execute business daily.

Contributions to Cloud Computing

Fog computing contributes to the Cloud computing platform by allowing for devices to transmit and process sensory data, system updates, and even application processing amongst themselves. The need for the Fog contribution is shown in a study by Forbes, which points out that the U.S. is ranked 35th for bandwidth per user in the world. This limitation will likely have a lessened impact on business as the Internet of Things and Big Data adapt to Fog Computing and transcend their current bandwidth limits.

Relation to Internet of Things

The discrepancy drives a need for innovation, and the Internet of Things (IoT) allows for devices to share processing power, as well as to push ...


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