It’s no secret that over-the-top content (OTT) services, the delivery of audio, video and other media over the Internet are on the rise. Netflix’s stock price has more than doubled since January of this year, CBS All Access has been available since October 2014 for just $5.99 a month with no cable subscription necessary, and HBO has followed suit by launching a standalone service on April 7.
One of the obvious influencers in this trend is the increasing connectivity of TVs through devices such as Chromecast, Amazon Fire Stick, and connected gaming systems. These devices allow for long-form video OTT providers, such as Netflix and Amazon Instant Video, to publish their content in an easily viewed and more traditional manner on your TV. Another important underlying force in this ‘cut the cable’ generation is the improvement in content personalization engines implemented by OTT providers.
As a millennial, I'm writing this open letter to all those responsible for publishing video content ... to all the Over-the-top (OTT), Video On-demand (VOD), Cable Providers, and Media Companies out there. What I'm about to say isn't anything new. It's been pondered about for some time now. I hope that this time around, those responsible for the video watching experience do something about it. The fear is brewing that if you are not able to adapt to the changing media landscape you wont survive for much longer.
Dear Video Media Executive ...
Rabt is the personalization solution for content providers in video, articles and beyond. It marries big data, machine learning, and predictive science to drive higher user engagement and retention metrics.
Content personalization is a cool thing. Smart technology and algorithms are even closer than you think though. Did you know that there are homes that also predict your behavior? They're called "Smart Homes" … and they are the homes of tomorrow. A smart home is a building equipped with advanced automation systems that can be controlled remotely by your smartphone or computer. That means you are able to check on the Internet if the heating is on and if the dinner is cooked.
Have you ever heard about the most connected man on Earth today? Chris Dancy uses between 300-700 devices, applications and sensors on a daily basis. He has spent more than $40,000 for all his equipment including popular gadgets such as the Fitbit wristband and Google Glass.