Date that article was published: Feb 27, 2019
There are concrete reasons and ways that video-streaming giant, Netflix, needs data-driven processes (i.e. data science, machine learning, AI) to function and continue to grow its loyal consumer base. The bulk of their business problems are reliant on data in order to be solved, with some examples below.
| Use Cases | Business Problem Solved |
|---|---|
| 1. Personalization of Movie Recommendations | Uses watch history of users with similar tastes to keep users intrigued by new recommended shows/movies |
| 2. Auto-Generation and Personalization of Thumbnails / Artwork | Calculates likeliness of users to click on a movie based on thumbnail based on whether similar users have clicked or not |
| 3. Location Scouting for Movie Production (Pre-Production) | Using data to help decide on where and when best to shoot a movie set |
| 4. Movie Editing (Post-Production | Using historical data of when quality control checks have failed in the past to predict when a manual check is most beneficial |
| 5. Streaming Quality | Using past viewing data to predict bandwidth usage to help Netflix decide when to cache regional servers for faster load times during peak (expected) demand |
We can consider the second use case of “Auto-Generation and Personalization of Thumbnails” as an example. Besides, you may be wondering how AI works its magic to produce click-baity thumbnails. In order to truly understand this, first consider these questions:
For the first question, consider these facts:
Consider these facts as well for the second question:
This article heavily emphasizes how part of Netflix’s success in this new world of AI and business is that they are able to identify their business problems first before trying to come up with a cool AI solution to grow the business. Incorporating AI is extremely useful and probably vital to entertainment platforms across all industries, but it is not just about adding more AI elements, it’s about identifying important aspects of the company that can grow and figure out where AI fits into that. Give this article a read if you want to get a more in-depth read on how Netflix specifically uses their data and relies on AI to do a lot of the hard work that human error would definitely mess up.
As the leading video-streaming platform, Netflix sets a prime example for all others. It is clear that the company with the best ML and AI practices who can effectively connect use cases to business problems will generate the most money. This is just one example of how powerful knowing how to collect and manage data, while also knowing how to apply that newfound knowledge, is becoming increasingly relevant in our society today. There will also be questions of ethics that come to light with data usage, especially with Netflix. We need to acknowledge where the world is headed and be on top of knowing how these big companies are using their data.