Tell your story — we’re all AI ears!
Netflix, Youtube, Audible, Spotify, and Buzzsprout. Do you know what the secret behind the success of these companies is? What is their secret weapon to survive and lead the entire industry as the highest revenue generating company? Of course, there are many factors that lead to a successful business, but I would say the key factor is the quantity of quality content. People don’t think $13.99 is expensive when they can enjoy a bunch of content, including Netflix’s exclusive original series. Sometimes I feel grateful even if I’m the one paying for the service while listening to music tracks on Spotify. They have a variety of music genres so I don’t have to wander across different platforms to find the music I want to listen to. The aforementioned companies are successful, but at the same time, they are still trying to figure out what the tastes of their subscribers or potential customers are. Using machine learning and AI, they have algorithms to learn from the data they collect. No wonder, the more time we spend on these platforms, the more relevant programs or music is recommended to us.