Have you heard of Gigaom? Me
neither. But after attending their truly fascinating Data Structure Conference
in NYC I think that a solution to true seamless cross platform media measurement
may be at hand.
At Gigaom there were many
innovative, ground breaking tech companies that seemed to have the capability
to improve on the current measurement of media and consumer behavior through
the use of artificial intelligence, machine learning, data blending and data discovery
tools. And many of these companies have the ability to merge on one user
interface all platform, device, app, software and site data and run it all in
or close to real time. Today’s tech environment facilitates storytelling and
data visualization to better leverage business intelligence which is exactly
what we in the media space are seeking. Needless to say I was impressed by just
about everyone I spoke to. Some
of the innovative companies represented at Gigaom Data Structure are in this
video:
Data Blending
Let’s begin in the area of data
blending. According to a recent Gigaom Research study (Sector Roadmap: Data
Discovery in 2014) “Data
blending is the term used to describe the performance of analytics on a
collection of data sets, each emanating from a different data source.” They say
that data discovery products currently on the market are now capable of real
time or close to real time data blending allowing users to pull in data, quickly
mash it up and analyze it. Some
companies like cloudera offer the ability to serve many different types of user
workloads with access to the same data set within a single interface. This
interface, according to CEO Tom Reily, “can manage all types of analytics and
identify trends in customer experience.”
So I am thinking, can
we take television data (Nielsen, STB or other), online, mobile and tablet
(name your sources) and maybe even print, retail or transactional data and
place it all on one interface and data blend? I know there are some companies
offering this capability now in our industry but with limited datasets and outputs
that still seem to be fairly silo’ed.
Artificial Intelligence
AI still seems very
futuristic to me but in fact is fairly common in applications today. Some
firms, such as alchemy api are in the business to “make computers more human” according to CEO Elliott Turner and others
like Watson Solutions’ Stephen Gold
offer “cognition as a service.” But
what does this really mean for media? I think the possibilities are endless. We
may be able in finally pinpoint how a viewer fully interacts with a piece of
content, including the soft measurements of sentiment and engagement. We may
even be able to use AI to predict which pieces of content are most effective at
driving human behavior whether for tune-in, reaction, affection or to create a
call-to-action.
Machine Learning
Combined with a level of AI,
machines can be programmed to learn from experience. In this way data can be mined
more efficiently and with greater precision to create software applications. Tim
Tuttle of Expect Labs explained, “We built mind meld to listen to conversations
and find information for you. Now we want to take that technology and apply it
to any data you have." Think of Siri who seems to retain knowledge with each
interaction. Siri is just the tip of the iceberg in machine learning
capabilities. At some point we may rely solely on the machine to map out data
insights. I hope I am retired by that time.
Data Discovery Tools
Donald Farmer, VP Product
Management, Qlik believes that “When it comes to big data understanding we are
in the Dark Ages.” This is exacerbated by unnatural interfaces that once had a
purpose under old media but no longer apply. Farmer gave the example of the
keyboard QWERTY system that was originally set up to avoid the typewriter keys
from jamming. We still use this unnatural keypad interface even though our
devices today do not have the problem of typewriter keys jamming up. How to we
advance from old legacy systems and processes?
This and many other questions are
a part of a huge data surge that impacts many businesses, including ours in
media. Attending the Gigaom lets me know that we in media are not the only ones
grappling with processing, measurement, analysis and data wrangling issues.
No comments:
Post a Comment