Big Data in Entertainment Industry

Big data is completely transforming the way we look at business. Analytics is being used to foster growth in every industry. The entertainment industry uses predictive analysis to forecast the box office collections, gauging the success of the movie before they even start shooting it. Production houses can use big data to plan strategic release dates and to retain consumers by analysing patterns derived from the data. By collecting data from the social media sites, they can formulate plans based on consumer sentiments as to what kind of music, casting, genre, are in trend thereby increasing the ROI and giving improved entertainment to the end user. Read more at: http://analyticsweek.com/how-big-data-is-changing-the-entertainment-industry/