Why is Capturing Engagement Data Vital for Media Firms?
By Media Entertainment Tech Outlook | Monday, February 10, 2020
Customer engagement data is a treasure trove for media and entertainment companies in today’s streaming era.
FREMONT, CA: A sharp contrast becomes evident when today’s media and entertainment trends are compared with the ones that ruled the industry a few years back; new channels have evolved, interactive platforms have emerged, and every aspect is more customer-centric than ever. Thus, media companies are now looking for ways to uncover viewer sentiments. Leveraging technology-backed solutions to capture viewer engagement data is one of the simplest yet effective ways of getting closer to understanding customers.
The volumes of media content that individual viewers consume on a regular basis have reached unprecedented levels. With interaction between media platforms and viewers increasing so much, media companies have now gained access to vast amounts of engagement data. This data has the potential to transform several aspects of the media industry. Be it content development or marketing, engagement data can be vital for media companies to optimize multiple elements at a granular level. It is through engagement data that media agencies can fill the gaps in product development, ad placement, personalization, and, subsequently, the overall viewer experience.
But the sheer volume of engagement data that multiple content platforms generate today can make the task complicated. The inefficient approach in dealing with engagement data can result in misplaced targeting that might backfire badly. Media companies can overcome the challenges of dealing with an extensive amount of engagement data by unifying the data effectively and deploying appropriate analytics tools. Once disparate sources of customer data are converted into a single source, media organizations can easily implement analytics tools to discover underlying trends and patterns. Every way in which a viewer interacts with the content or the media player can thus be tracked to determine content performance.
Thus, engagement data leads media organizations toward having better clarity about how their content performs. It is through viewer engagement data that media companies are able to capture vital metrics, which subsequently empowers them to boost user satisfaction and deliver entertainment services of unmatched standards.