Big Data And Netflix
The film industry is huge, generating in excess of $520 billion revenue in the USA in 2013. Imagine if this behemoth of the entertainment world could be further refined by taking account of consumers’ preferences, viewing habits and cultural interests? Big data makes this refinement possible. As consumers publish information and provide a constant stream of feedback on Twitter, Facebook, Google Plus and personal blogs, studios now have almost limitless information about what genres prosper, which actors are favoured, how films are marketed, and which adverts should appear where. Continue Reading How Big Data Is Changing The Film Industry for more on this exciting topic.
Included is an excellent infographic provided by greatbusinessschools.org which outlines the economics of Netflix and also covers how Big Data is being applied.