Big Data in the Music Industry: Richard Bowman
11.15 Big data – Making a difference with consumer insight-generated ‘big data’ in the music industry
Richard Bowman, Artist Development Insight Director, EMI Music
- The old world – Hits paid for misses
- Cassettes are dead, LPs are just about dead, CDs took over the world
- People aren’t paying for music they way they once did
- In music, it never works like this: consumer research to insight to decisions
- They combine insight with skills and expertise of their people. These are evidence based decisions that are owned by everyone. [THAT is how it should be done. Researchers are not specialists in your business.]
- Insight is not a powerpoint presentation. It’s consulting with the internal experts.
- Want relevant, valuable, and quick insights for all of their colleagues
- It needs to be powerful, broad, global, and repeatable [there's that annoying reliability thing again]
- Must add to shared language and guide decision making
- Can market research produce big data? They have spoken to 1 million people in 3 years. That comes out of 100 people surveys and 6 people focus groups. At any point, they are interviewing 12 people somewhere in the world.
- Inferior research is not an option [Question: are British researchers more concerned with validity and reliability or is it just this single conference? I liiiiiiike it!]
- The key skill is the people, not the technology
- They have ONE database per function containing ALL global data they’ve every worked with [that's exactly how it should be!]
- New analysis technique: contest where anyone could analyze a set of data that they provided – e.g., July 2012 hackathon
I am the Chief Research Officer at Peanut Labs, and VP, Research Standards at Research Now. I am also the Editor in Chief of MRIA's Vue magazine. I am a market research methodologist specializing in survey design, sampling, and social media research. I speak at major market research conferences (e.g., MRA, MRIA, CASRO, ESOMAR) and contribute to Industry magazines (Vue, Alert!, Quirks).