The digital billboard replacement solutions maximize ad revenues from live sports events. The report further claims that nearly 68 million VR headsets will be used in the US within the next three years while increasing the VR market growth to almost $5 bn. Tweet. AI helps augment human abilities and support mental health. Finally, it is worth noting how entertainment companies have harnessed AI processes … All these are areas in which AI-enabled systems excel. By Media Entertainment Tech Outlook | Monday, November 04, 2019 . The United States remains the largest global internet advertising market, despite shrinking 3.4% from US$125.2bn in 2019 to US$121.0bn in 2020 as brands cut advertising spend amid the COVID-19 pandemic. Philosophy of AI: With the rise of computers, the process of doing manual work has been decreased to a great extent. Artificial Intelligence Toys for Kids – Current Products and Categories. Globally, organizations are acknowledging that customer is indeed king and cannot be ignored. Yes, that true! Cognitive technologies (AI, ML and NLP) facilitate turning insignificant, unstructured piece of user information into structured, correlated and meaningful data putting them into multiple categorized databases for the advantage of the companies providing unique insights for better customer engagements, improved and attractive targeted content and higher monetization. The digital world today is not so easy to understand! AI Is About to Completely Change the Face of Entertainment Twenty years ago, entertainment was dominated by a handful of producers and monolithic broadcasters, a near-impossible market to break into. Analytics of viral media content can be used to determine the preferred content by audiences. In today’s world, owning a social media account is as almost as common as having a National Insurance number. AI will Automate the Entertainment Industry. Hence, movie production is a complicated and time-consuming process. With over 3.2 million movies, directors, and actors in its database, Qloo has built millions of movie viewer profiles. Furthermore, with the advances in these AI solutions, we could even witness AI’s use in creating promotions for events/movies. Using advanced Time-of-Flight (TOF) cameras and IR sensors, eyeSight’s AI software detects driver behavior in four key areas. Consequently, AI in entertainment improves user experience and enriches ad sales through targeted strategy. The entertainment industry is growing at a phenomenal rate. Think no more! While it may not be so obvious to the end consumers, artificial intelligence has been applied in the retail sector as well. React Native App Development: All you need to know about React Native Development, Top reasons to use Salesforce Mobile App Development in 2021, How to Combat High Employee Attrition Rates — An HR’s Perspective, Top Reasons to use Salesforce Marketing Cloud in 2021, 5 Ways AI Is Transforming The Manufacturing Industry. In 2018, AI upended the entertainment sector with breakthroughs across gaming, films, music and arts. AI Sector Overviews; AI Market Research; Partner Content; Emerj Team Updates; AI Articles and Analysis in Entertainment. Given the rising customer expectations, and demand for personalized content in recent years, media ent… Development of VR content for live events, reality shows, food shows based on AI garners more eyeballs. Though Veritone has since expanded to other verticals, its net revenues from the AI platform business are still primarily from the media sector. Surely, advanced analytics and AI capabilities help the entertainment and media houses grow their customer base and deliver exceptional content to the users. Representative Applied AI use cases of HOLMES with ecosystem, Business resilience with Wipro HOLMES™ solutions for pandemic assistance, Live 360° video streaming with AR enhanced & enriched user experience, Personalized experience of live events anywhere using mobile screen and 360° videos, Enriching advertisements and engaging users for personalized VR e-commerce, Connecting with users and running campaigns using user information, Gamification and VR Interaction which provides better merchandise options with products and services, Augmenting experience with map-based services and real-time triggers’ notifications to users, Instant assistance and quick response by the use of chatbots, Insights into user information, social media behavior and usage pattern with the help of Predictive analytics for better segmentation and targeting, Engaging customers with Royalty and Loyalty Programs for increased referrals, Capturing and engaging customers on trigger-based live events, KBC-style, ball to ball, pitch, weather predictions for cricket events. Many AI-based solutions are already being used in the tourism sector and others are being developed. Novel technologies such as AI and blockchain are on the verge of revolutionizing the entertainment industry with the new norms in the industry. In this article, we round up the top breakthroughs AI made in the entertainment sector. But this is a recent development, says Ryan McCabe, Senior Data Scientist at Spotify. Video streaming, 5G, and AR/VR to gain ground in 2020. Today, artificial intelligence has become the most admired technology in the global market. A purpose that the industry players are using Artificial Intelligence technology to fulfill. But, what if artificial intelligence can be used in producing a movie? There is a dire need for adding personalization and delivering value to meet the rising customer expectations and demand. Today, there are enormous materials online on a particular topic, that it’s even hard to find reliable ones. From the type of content that is created to how and by whom it is created and consumed – this shift has allowed innovative disruptors to join the party and compete with traditional outlets. Accessibility. The entertainment industry is expected to transform in a bit different manner. Ashutosh Verma, Senior Practice Manager – AI Practice and Thought Leadership. Artificial Intelligence promises to play a critical role in the streaming industry by providing efficient ways to encode, distribute, and organize data. An advanced AI algorithm offers far better speed and reliability at a much lower cost as compared to its human counterparts. AI provides predictive analysis (pitch report, weather report, team report, crowd report) to organizers. AI is playing a major role in improving the efficiency of processes involved in the entertainment world. The digital transformation has brought many changes to the entertainment industry. So, those were some amazing benefits of implementing AI in entertainment. New Capabilities Article Developer Velocity: How software excellence fuels business performance. So, those were some amazing benefits of implementing AI in entertainment. The rise of AI in entertainment is not something new; instead, it has become the most talked-about thing amongst businesses and marketers. Entertainment, dining and shopping on board. Media rights is the fastest-growing sub-sector of the US eSports market, rising at a 17.5% CAGR, though still trailing sponsorship revenues growing at a 11.7% CAGR. As per the latest source, live streaming videos have taken up a considerable share of the media and entertainment industry and are predicted to account for 82 percent of all internet traffic by 2022. Artificial Intelligence today assists the entertainment businesses in the customization & transmission of content in real-time. Here are a few AI use cases in media and entertainment that are transforming the industry: 1. FREMONT, CA: Technology has always been affecting the entertainment industry. Artificial intelligence. The media and entertainment industry is at the cusp of rapid transformation with digital media taking center stage across all sub-sectors - TV, print, films, advertising, animation & VFX, gaming, OOH, radio and music. AI is transforming the media and entertainment space and is increasingly playing a big role in improving efficiencies and contributing to growth therein. Today, AI looks capable of fulfilling the promises set in the past. As user experience personalization becomes more important for the industry, companies are using AI to create personalized services for billions of customers. Can AI and machine learning transform the entertainment industry? The financial sector heavily relies on real-time reporting, accuracy, and processing of large volumes of quantitative data to make crucial decisions. Entertainment industry in the future will leverage AI. How AI and Blockchain are Revivifying the Entertainment Sector. AI-driven predictive analytics are helping telcos provide better services by utilizing data, sophisticated algorithms and machine learning techniques to predict future results based on historical data. It's no wonder given the benefits AI can bring to the actual businesses. It can also be used to deliver the right content to viewers and identify which content drives earnings. That’s where AI applications come to play! Digital transformation is pushing businesses to be customer-centric and today, consumer AI in e-commerce, retail, mobile, social and other areas is largely focused on driving a better customer experience. 5. Undeniably, by using AI in the media and entertainment industry, we will have a fascinating future in all spheres for sure! AI makes gaming more intelligent The use of Chatbots to provide information and assistance to travellers is the most common AI solution currently in use. AI algorithms when deployed effectively can master the smoothest edits and the most advanced visual effects. Many experts across sectors, such as game development, movie production, advertising, and also providers of a variety of entertainment services, agree on AI unleashing an entirely new approach to creativity. All you need is to hire perfect AI developers for your chatbot development, and you are ready to go! In fact, the new and advanced chatbots in the media and entertainment industry can even understand user behavior and could offer them recommendations based on their interactions with your brand. Enters AI in entertainment! The media and all its sub-verticals are seeing a resurgence in growth, thanks to valuable insights and solutions enabled by AI and automation. AI is applied to movies to conduct visual analysis that tracks emotions alongside audio analysis of music and tone of voice. Today, with AI-based algorithms, many of the leading platforms have enhanced their search results capabilities. Take the search results, for instance. You can surf for hours on the net and could still not find the exact piece of information you want. One of the most transformative tech solutions in the past few years, AI has been used in numerous ways to improve customer experience and streamline business operations. These procedures are carried out by collaborating with many film industry professionals. Using a combination of human freelancers and a system built with machine learning automation, Defined Crowd provides a data set that companies can leverage to improve the performance of their algorithms. report, virtual reality (VR) is predicted to be the fastest-growing segment in the entertainment sector. Discover new destinations and more with our partners. Benefits of Leveraging Artificial Intelligence in the Media and Entertainment Sector. This point was confirmed repeatedly during Veritone’s second quarter 2018 earnings call last week. Clearly, AI in entertainment has opened the doors for many new opportunities! This May 2-3, 2019 in Redwood City, leading experts from AI, entertainment and technology companies such as Walt Disney World, Digital Domain, Microsoft, Intel, Accenture, and … Read More: 5 Competitive Advantages of Big Data Analysis. Patients can be assisted not only by medical staff but also by robots. Paralyzed people can walk again and do not depend on caretakers thanks to exoskeleton robots. It also facilitates creation of VR sports events, fantasy leagues, and proactive engagement of viewers resulting in predictive merchandise options for the organizers. This union of the human with AI is a brilliant stroke – expect many more startups … Artificial intelligence has always been a part of pop culture due to numerous sci-fi movies like Avengers: Age of Ultron, The Terminator, and I, Robot. Whether we talk about Netflix or Amazon Prime, every popular video streaming platform today offers personalization services. Maybe, that’s a good reason to implement an AI-based solution in your media business! When it comes to the future of AI in Media and Entertainment, the experts agree: it’ The first and foremost use of AI in entertainment is to enhance the marketing and advertising campaigns. You need to apply some filters, and you are ready to fo. Relax before the flight or catch up on work at our partnered lounges. It, in fact, has many practical applications. Based on our assessment of the applications in this sector, the majority of entertainment and media use-cases appear to fall into three major categories: Marketing and Advertising: Companies are training machine learning algorithms to help develop film trailers and design advertisements. As we are totally surrounded by machines and computer systems, this gave humans a general thought like “Can a machine think and behave as humans do? AI helps in real-time customisation, packaging and transmission of content, enriching the viewers’ experience. AI enhances personalized shopping experience. With over two decades of experience in building business solutions across multiple industry verticals including over ten years hands-on experience in driving business transformation, Ashutosh specializes in shaping new offerings and driving business outcomes across multiple verticals including Telecom, Banking, Media and Education. The promotion of events and movies is, to date, one of the most critical aspects of the media and entertainment industry. The Google-backed AlphaGo beat the European Go … AR and VR today has become an innovative aspect for many leading sectors of the market. So, what to expect from AI in enhancing the future of the media and entertainment industry? From the type of content that is created to how and by whom it is created and consumed – this shift has allowed innovative disruptors to join the party and compete with traditional outlets. Quantzig has announced the completion of their new article on how artificial intelligence is disrupting the media and entertainment sector. Entertainment . How AI is Transforming the Media & Entertainment Industry. Predictive analysis which facilitates right viewing content, based on audience preferences, and identifies best content with maximum earning potential. 675 North First Street, Suite 1240, San Jose, CA 95112, 2301 Blake Street, Suite 247, Denver, CO 80205, K-22A, Malviya Marg, C-Scheme, Jaipur, Rajasthan 302001, 6th Chopasni Road, Jodhpur, Rajasthan 342003. AI in storytelling: Machines as cocreators. The process of the gradual reopening of the Indian economy has begun, but the shock of COVID-19 on businesses has been severe. The AI platform business started offering commercial solutions in April 2015 in the media and entertainment sector. Due to the Covid -19 pandemic, this facility or feature may or may not be available till further notice. That means you can today find the exact thing you want in seconds. At Quantzig, we understand the challenges faced by media service providers amid the crisis. … Machine learning is an underexplored area in the TV industry For many years, effective voice-based search technologies have eluded businesses that have tried to bring next-generation input methods to customers. Now that computers are used almost in every sector, humans are highly dependent on them. According to a Global Entertainment and Media Outlook report, virtual reality (VR) is predicted to be the fastest-growing segment in the entertainment sector. Applied to human services programs, these technologies could help reduce backlogs, cut costs, overcome resource constraints, free caseworkers to spend more time with clients, inject greater intelligence into scores of processes and systems, and handle many other tasks that humans can’t easily do on their own. Today, the industry is almost entirely dematerialized, while storytellers and storytelling mediums explode in number. Instead, real-time prediction based on current trends and behaviors from all data sources is key. AI in Entertainment will be used for such marketing aspects as design, film promotion and advertising. For these organizations, having the ability to quickly scale up and down processing capacity when needed changes the cost curve for producing content. And this is just the beginning. In fact, according to a Travelzoo report, 80% of travel assistants will be robots by 2020. It is no doubt today that personalization has become the key to success in today’s competitive era, and the entertainment industry is no exception! “AI will influence all parts of the media value chain, helping content creators to be more creative, helping content editors to be more productive, and helping content consumers to find the content that matches their interests and current situation,” explains Rainer Kellerhals, Microsoft’s Media and Entertainment industry lead for the EMEA region. AI enables cars to do more than watch the road, it can help them keep an eye on the driver, as well. What trends are you seeing in machine learning and AI in media and entertainment? How AI is Transforming the Media & Entertainment Industry - Wipro The media and entertainment industry is at the cusp of rapid transformation with digital media taking center stage across all sub-sectors - TV, print, films, advertising, animation & VFX, gaming, OOH, radio and music. Customer analytics is driving the transformation of customer data into advance analytical insights, which help in designing customer-focused programs, and initiatives that drive customer retention, new acquisition, cross-selling/upselling, and targeted marketing campaigns. With machines and algorithms constantly evolving, AI is growing stronger in taking up tasks that are far too complex. Artificial Intelligence is being proactively introduced and implemented … Smart algorithms will be able to come up with … This will continue in 2020 where media companies will continue working alongside AIs for personalized content recommendations and effective advertisements. At IBC2017, AI was for the first time one of the main themes, both at the exhibition and in the conference sessions. December 11, 2017 – Computers don’t cry during sad stories, but they can tell when we will. 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