Music Industry Benefits from Data Analytics, and Here is How
Users can like or dislike an artist's music, affecting a music studio's revenue accordingly. So, the music industry wants to estimate how a soundtrack, song, or sound effect will appeal to the listeners. And data analytics optimized for music creation can assist them in learning why and when consumers will take an interest in a song, album, or artist. Analytics will also let the music industry stakeholders forecast the performance of merchandise sales, live concert events, e-commerce offerings, and tours.