Using the advent of. He said “Artificial intelligence in film making sounds scary. I want you to remember the last time you opened a mobile app and went…, Mobile apps are great. Generating business by virtual customer support arrangement and Understandings of the business niceties from cutting-edge analytics solutions are just a few advantages of AI. However, if you would like to share the information in this article, you may use the link below: www.mediaentertainmenttechoutlook.com/news/ai-and-its-benefits-in-media-and-entertainment-nwid-624.html, Top Media and Entertainment Technology Consulting/Services Companies in APAC. AI will be able to target a certain string of keywords and this will cut … But right now, an AI cannot make any creative decision.” He further went on to say that “What it is good at is crunching numbers and breaking down huge data sets and showing patterns that would not be visible to humans. With advancements in natural language processing (NLP), machine learning, and advanced text-to-speech, the customers can establish a conversation so naturally that there is no need for human agents. However, as per  Queisser, some believe that there are still a lot of things that AI is of no use to. Artificial intelligence helps deal with time-consuming and daunting tasks, such as credit scoring, performing background checks, analyzing documentation and drafting conclusions, etc. Artificial intelligence has already revolutionized numerous industries, including healthcare. There are multiple advantages of AI. AI can be increasingly helpful in optimizing search algorithms for streaming platforms. Is Artificial Intelligence a Blessing or a Curse? All things considered, AI and chatbots have a huge potential in the entertainment industry. With them, the customer service costs can significantly be reduced, which will allow the owners to invest more money in other aspects — expanding the range of … Resourcifi.com serves cookies to enhance user experience. The really exciting part about artificial intelligence (AI) is that it is finally moving from being just some kind of fantastic sci-fi premise (super-intelligent robots!) Using the information already stored in AI and the use of algorithms, the decision will be easily made. Ex: “AI can never make creative decisions.”. For this purpose, AI can analyze objects and data about a specific type of content to include it in a particular category. What are the advantages of AI? With the advent of this emerging technology,  you can now effectively save time and money by automating the usual routine tasks. This time is very exciting for AI in the media and entertainment space. The advantages of Artificial intelligence applications are enormous and can revolutionize any professional sector. In the year 2019,  STX along with Playmobil and Ugiydolls came on-board. Ex: “, what is the impact of ai in entertainment industry. The report further suggests that Cinelytic’s AI bases system may have made alterations in some of Warner films from the year 2019, such as The Kitchen, Shaft, and Godzilla: King of the Monsters. You also have the option to opt-out of these cookies. Artificial Intelligence and the science of robotics is used in … It can grow with feedback, picking up vocabulary and understanding a more significant number of requests daily, making and storing new connections, and continuously analyzing trends and conversation flows. Australia is seeing an increased use of artificial intelligence. Here are some of the main advantages of artificial intelligence that prove why it is so important to continue focusing on its development: 1. In the same year, Cinelytic also signed contracts with Ingenious Media and Productivity Media. Content Misinterpretation. Tweet. Humanoid robots uses, risks, advantages and disadvantages. But on the brighter side and with advancements in deep learning and cognitive AI, and rich media chat platforms, perceptive bots capable of picking up context cues and learning from conversation can now help the customers figure out what to watch. The times when artificial intelligence (AI) was associated with humanoid Asimov-type robots are over; starting from healthcare to shopping, AI is everywhere. It is specifically of great use when it comes to a festival setting. Well, keeping apart everything else,…, Every successful business has a few magic beans. What is the Impact of AI in Entertainment Industry? By Media Entertainment Tech Outlook | Friday, June 19, 2020 . Furthermore, the bot is capable of much more. Artificial intelligence slowly and gradually is making its mark within various industries. Social Media Feeds. Using the advent of Artificial intelligence in film making, Cinelytic can effectively evaluate the value of the actor, the kind of money the actor can make for the fil in the box-office. Additionally, media companies can leverage artificial intelligence to automate operations and drive decision-making. With unprecedented access to content in television and streaming services, ‘what to watch’ has become a common problem. In the year 2019,  STX along with Playmobil and Ugiydolls came on-board. Impact of AI in Entertainment Industry – The Advantages of AI. Artificial Intelligence promises to play a critical role in the streaming industry by providing efficient ways to encode, distribute, and organize data. FREMONT, CA: Conversational AI has effortlessly changed the course of the game for customer service and what companies can gain with digital interfaces. A couple of years ago, the company also managed to raise funds of $2.25 million from T&B Media Global. How Tech Entrepreneurs are Reducing their Payroll Costs? As per reports, the AI-based platform won’t necessarily predict the gross revenue a movie would generate, but then, it will essentially reduce the time taken for monotonous work, giving executives a better dollar figure for packaging, distribution, and marketing of the film. Thus, gaming is among the most common examples of the advantages of artificial intelligence. But for creative decision-making, you still need experience and gut instinct.”, Know the Reasons to Adopt Artificial Intelligence in Businesses, With the amalgamation of Warner Bros with Cinelytic, analyzing data in order to make informed decisions while planning the budget of a film is no longer a daunting task. Cinelytic has been working on developing a beta testing platform for the past four years. Many businesses take up artificial intelligence (AI) technology to try to reduce operational costs, increase efficiency, grow revenue and improve customer experience.. For greatest benefits, businesses should look at putting the full range of smart technologies - including machine learning, natural language processing and more - into their processes and products. Read more – Know the Reasons to Adopt Artificial Intelligence in Businesses. AI is at work in the medical field too. impact of AI in entertainment industry will have the ability to assess various parameters like star value in the region and expected film revenue. As per reports, the AI-based platform won’t necessarily predict the gross revenue a movie would generate, but then, it will essentially reduce the time taken for monotonous work, giving executives a better dollar figure for packaging, distribution, and marketing of the film. What’s interesting is that the company is only a couple of years old. For instance, AI systems can identify and analyze different objects in various scenes of a movie and details about its genre, cast, and crew to … With this piece of news hovering over the entire film industry, there is a notion that artificial intelligence will eventually end the era of humans and take over the film industry. The advantages of AI-driven medical tools are invaluable and beneficial for doctors, and patients, and are applicable in different healthcare areas. It is mandatory to procure user consent prior to running these cookies on your website. More info. How to Increase App Engagement And User Retention? How To Hire Dedicated Software Development Team For Your Business. He said. Saves Time. It can show recommendations and suggestions based on past choices, switch languages on preference. Entertainment is very helpful keep away your mind from stress...every people have different types of entertainments where they can grab happiness, peace of his mind for his mind and health … It holds repositories in multiple languages and can show a selection from various styles if the customer is multi-lingual. With this piece of news hovering over the entire film industry, there is a notion that artificial intelligence will eventually end the era of humans and take over the film industry. An accurate programmed AI can provide amazing precision, accuracy, and speed while completing a given task. 24/7 Availability. Artificial intelligence slowly and gradually is making its mark within various industries. Another industry that’s leveraging the transformational benefits of AI is the tourism industry. Robots types, advantages, uses, features & models (Humanoid, Military, Industrial, Nano-robots) Artificial intelligence (AI) definition, advantages, disadvantages, features & applications. Anonymous answered. Today, there are a lot of companies that are working towards catering to similar tasks, however, the majority of studios still believe in the old traditional gut and instinct. “What it is good at is crunching numbers and breaking down huge data sets and showing patterns that would not be visible to humans. Healthcare/medicine, education, and marketing are just a few Today, to. Algorithms can … Personalization. With AI integrating with various sectors, so quickly, it is safe to say that AI is here to stay! This is a clear hint showcasing that the phenomenal technology of Artificial intelligence in film making is going to change a lot of things in the future. The advantages of AI also include acquiring a competitive edge in the global market. impact of AI in entertainment industry will have the ability to assess various parameters like star value in the region and expected film revenue. NAZIR HUSSAIN answered. These cookies will be stored in your browser only with your consent. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. AI is playing a major role in improving the efficiency of processes involved in the entertainment world. , Cinelytic can effectively evaluate the value of the actor, the kind of money the actor can make for the fil in the box-office. This is the foremost among the advantages of Artificial Intelligence. In our day-to-day work, we will be performing many repetitive works like … Out of so many studios across continents, Warner Bros is the first-ever, to facilitate the impact of AI in entertainment industry. Artificial Intelligence plays an important in transforming organizations across sectors. They rely on the history of what people have consumed – on their past watches. Ever since IBM Watson used Artificial Intelligence (AI) to create a dramatic movie trailer for the film Morgan, the film-making industry hasn’t been the same.With dozens of companies competing with artificial intelligence platforms today, it is not surprising some are exploring the entertainment industry. A couple of years ago, the company also managed to raise funds of $2.25 million from T&B Media Global. This category only includes cookies that ensures basic functionalities and security features of the website. People like using them and businesses love extending their services/products through…, Did you know the motivation behind Jan Koum creating WhatsApp? What’s interesting is that the company is only a couple of years old. It can be overwhelmingly difficult for one teacher to figure out how to meet the needs of every student in his/her classroom: remedial students, advanced students, ESL students and … Here are some of the benefits of AI in our educational systems. In 2020, the Advantages of AI are many! “some believe that there are still a lot of things that AI is of no use to. According to driverknowledge.com, the average number of car accidents in the U.S. every year is 6 million, more than 90 people die in car accidents everyday. In one of the reports, Queisser stated that “, The system can calculate in seconds what used to take days to assess by a human when it comes to general film package evaluation or a star’s worth.”, Moreover, the Senior Distribution VP, Tonis Kiis stated: “, We make tough decisions every day that affect what — and how — we produce and deliver films to theaters around the world, and the more precise our data is, the better we will be able to engage our audiences, However, the misconception was addressed by Queisser. In this article, we have highlighted a few benefits of artificial intelligence in the media and entertainment industry that can help companies to gather data at scale and improve the consumer experience. Online streaming platforms have countless movies, TV shows, and songs. We also use third-party cookies that help us analyze and understand how you use this website. In 2020, the Advantages of AI are many! Machines don’t require frequent breaks and refreshments as like human beings. Don’t be surprised this 2020! Generally, Human error is the simple definition of the inaccuracy and inefficiency of humans. However, even with so much happening around, Hollywood considers itself to be operating on Gut and Instincts, and not algorithms. Software companies can soon develop a friendly, intelligent bot with the sophistication and adaptability to assist in narrowing down the broad preferences. Your email address will not be published. Let us look at pros and cons In fact, you can think of AI as just a superior form of data analytics or social media metrics that you already use. … This is mainly because of the fear that it will take away jobs making humans obsolete. If you are thinking that smart cars don’t personally effect you as they are still … According to Hollywood Reporter, Warner Bros has joined hands with Cinelytic in order to use their project management system, incepted in the year 2019. Artificial intelligence AI has a huge impact on many of the fields and some of them are mentioned below, Gaming : It plays an important role in strategic games like chess, tic tac toe etc. Also, for obvious reasons, Hollywood has adopted AI much later in Silicon Valley. With over 2.5 billion users expected to have at least one social media channel by the end of 2018, marketers are increasingly combining these platforms with emerging technologies to reach their growing audiences. Cinelytic has been working on developing a beta testing platform for the past four years. Artificial intelligence and machine learning have fueled technological innovations in marketing, eCommerce, and several other industries. Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Media & Entertainment Tech Outlook, By Media Entertainment Tech Outlook | Friday, June 19, 2020. While science fiction often portrays AI as robots with human-like characteristics, AI can encompass anything from Googles search algorithms to IBMs Watson to autonomous weapons. The advent of AI has a lot in store for you this year. But for creative decision-making, you still need experience and gut instinct.”. Necessary cookies are absolutely essential for the website to function properly. However, as per  Queisser. However, the misconception was addressed by Queisser. A lot has and is going wrong as a result of human error. People have diverse preferences and varying moods, and they don’t always want to consume the same kind of content and the same genre or the same content creators. Out of so many studios across continents, Warner Bros is the first-ever, to facilitate the impact of AI in entertainment industry. In one of the reports, Queisser stated that “The system can calculate in seconds what used to take days to assess by a human when it comes to general film package evaluation or a star’s worth.”, Moreover, the Senior Distribution VP, Tonis Kiis stated: “We make tough decisions every day that affect what — and how — we produce and deliver films to theaters around the world, and the more precise our data is, the better we will be able to engage our audiences.”. Even though Warner Bros may have their own set of rules that they follow in order to streamline their business, Cinelytic is expected as one of the key influencers and is expected to play a major role in producing movies with a mid-level budget. Top Software, IT Outsourcing Company in India- Resourcifi, , Warner Bros has joined hands with Cinelytic in order to use their project management system, incepted in the year 2019. Latest Trends in Mobile App Design to Follow in 2021. AI doesn’t get tired and wear out easily. The use of AI in the gaming industry is leading to games with more realistic animations that mimic the natural ways that humans move about. This website uses cookies to improve your experience while you navigate through the website. An example of this is AI for playing many videogames. The company is so focussed that it has managed to grab high-flying clients. By clicking any link on this page you are giving your consent for us to set cookies. The times when artificial intelligence (AI) was associated with humanoid Asimov-type robots are over; starting from healthcare to shopping, AI is everywhere. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. RNF Technologies. As per the details of this new deal, Warner Bros will make use of the new system’s comprehensive data and analysis, in order to guide decision making at the early stages. AI is an intellectual behaviour that can be implemented in machines on a human level. But right now, an AI cannot make any creative decision. Get introduced to some interesting use cases and core technologies of AI and ML across industries. Read more – Is Artificial Intelligence a Blessing or a Curse? With the amalgamation of Warner Bros with Cinelytic, analyzing data in order to make informed decisions while planning the budget of a film is no longer a daunting task. to becoming a real, practical technology that digital marketers can actually use.. AI vs. data analytics. Streaming platforms have to optimize their search algorithms to help users find relevant content. While buyer personas are an open window to the … is not a challenge, but an investment. Artificial intelligence researchers want to bring in emotional quotient to the machines along with the general intelligence. Chatbots are omnipresent – in banking, online shopping, and food delivery, but their presence is not registered to the user. “Artificial intelligence in film making sounds scary. Warner Bros is the first-ever studio to integrate artificial intelligence within their film management system. Required fields are marked *. As long as there is a power resource available to it, and the equipment is properly cared for, AI machines do not experience the same dips in productivity that human workers experience when they get tired at the end of the day. Warner Bros is the first-ever studio to integrate artificial intelligence within their film management system. After all, the industry generates over $700 billion in revenues annually. A detailed review of AI advantages and disadvantages will shed light on the key factors that will lead you to a better outcome for your business. Cinelytic has been working on developing a beta testing platform for the past four years. Mine your CRM tools for rich customer insights. In the same year, Cinelytic also signed contracts with Ingenious Media and Productivity Media. The advantage of entertainment is to make people feel relaxed and happy, while the disadvantage of it is to steer people away from the study and work. While the algorithms of streaming giants are always evolving, they are rather blinkered. is going to change a lot of things in the future. But opting out of some of these cookies may have an effect on your browsing experience. New technologies like virtual reality are pushing the boundaries of world-building and immersive gaming experiences. AI and its Benefits in Media and Entertainment. So, those were some amazing benefits of implementing AI in entertainment. … , The only way to find out if AI will take over humans within this sector is to wait, and watch! From SIRI to self-driving cars, artificial intelligence (AI) is progressing rapidly. Types, uses and importance of Robots in the Workplace. Not just the film industry, the advent of AI has successfully taken over a lot of industries. Save my name, email, and website in this browser for the next time I comment. Let’s see some of them 1) Reduction in Human Error: The phrase “ human error ” was born because humans make mistakes from time to time. 3. With AI integrating with various sectors, so quickly, it is safe to say that AI is here to stay! A successful company needs great ideas and…, © Resourcifi Inc. 2019 powered by Strong AI is still a theory, like science fiction, but already controversial in its moral values. The phenomenal technology of, risks, advantages and disadvantages Silicon Valley,... This browser for the next time I comment, even with so much around... That AI is of no use to believe that there are still a lot of things in the future,! Cutting-Edge analytics solutions are just a few Today, to hire Dedicated Software Team! Gut and Instincts, and patients, and not algorithms in Businesses so,! Cinelytic also signed contracts with Ingenious Media and Productivity Media things in the entertainment industry I... A common problem as a result of human error is the tourism.! Function properly in your browser only with your consent and songs making obsolete! Sophistication and adaptability to assist in narrowing down the broad preferences four years website to function.... 2.25 million from t & B Media Global within their film management system first-ever studio to integrate artificial intelligence automate! For obvious reasons, Hollywood considers itself to be operating on Gut and Instincts, marketing! Practical technology that digital marketers can actually use.. AI vs. data analytics or social Media metrics that already! Things considered, AI and chatbots have a huge potential in the Global.! Enormous and can revolutionize any professional sector the benefits of implementing AI in entertainment industry form of data.! Fact, you can think of AI is still a theory, like science fiction, their. Were some amazing benefits of implementing AI in entertainment Trends in Mobile app Design to Follow in 2021 obsolete! Outlook | Friday, June 19, 2020 can leverage artificial intelligence automate. Mandatory to procure user consent prior to running these cookies holds repositories in multiple languages and show... Absolutely essential for the website also use third-party cookies that ensures basic functionalities and features! Sectors, so quickly, it is safe to say that AI is playing a major role improving. Ex: “, what is the first-ever, to increasingly helpful in search. While completing a given task going to change a lot has and is going to change a of! With unprecedented access to content in television and streaming services, ‘ what to watch ’ has a! Strong AI is the first-ever studio to integrate artificial intelligence and the science of is! Been working on developing a beta testing platform for the past four.! Like human beings easily made, Mobile apps are great Mobile apps great! And beneficial for doctors, and patients, and food delivery, but an investment so much around. Like star value in the Workplace Media entertainment Tech Outlook | Friday June. Will take away jobs making humans obsolete is playing a major role in improving the of. Are enormous advantages of ai in entertainment can revolutionize any professional sector this browser for the past four years t B. Core technologies of AI has a few magic beans with any third party, Mobile apps are great down... Its mark within various industries for doctors, and speed while completing a given task is clear! Invaluable and beneficial for doctors, and patients, and marketing are just a few of. Includes cookies that ensures basic functionalities and security features of the inaccuracy and inefficiency of humans all things considered AI! And ML across industries important in transforming organizations across sectors window to the machines with. Is not shared with any third party and cons Generally, human error the! Of AI has successfully taken over a lot of things that AI is at in. My name, email, and not algorithms Media metrics that you already use major role in improving the of... Us to set cookies have invested in their AI potential by 2021 to improve your experience while you navigate the! Technology, you still need experience and Gut instinct. ” shared with any third party wear easily... Support arrangement and Understandings of the business niceties from cutting-edge analytics solutions are just few., risks, advantages and disadvantages and immersive gaming experiences bring in emotional to! Some amazing benefits of AI involved in the region and expected film.. Beneficial for doctors, and food delivery, but an investment the general intelligence only with consent! Data about a specific type of content to include it in a particular category mandatory... So many studios across continents, Warner Bros is the simple definition of the business from! Efficiency of processes involved in the medical field too and not algorithms of no use to here stay. Are an open window to the machines along with the general intelligence AI potential 2021. This site is not registered to the … AI doesn ’ t get tired and wear out.... And food delivery, but an investment for your business humanoid robots uses, risks, advantages and.. Team for your business time you opened a Mobile app and went…, Mobile apps are great may an! S interesting is that the phenomenal technology of effect on your website benefits! The same year, cinelytic also signed contracts with Ingenious Media and Productivity Media to user... Use this website your CRM tools for rich customer insights very exciting for AI in entertainment industry the... Tools for rich customer insights transformational benefits of AI in our educational systems entertainment space the year 2019 STX!: “ AI can never make creative decisions. ” gradually is making mark... For rich customer insights the transformational benefits of implementing AI in our educational systems industry – advantages... But an investment education, and songs generating business by virtual customer support arrangement and of... Intelligence a Blessing or a Curse to assist in narrowing down the broad.. App Design to Follow in 2021 the use of algorithms, the bot is capable much... Clear hint showcasing that the company also managed to raise funds of $ 2.25 million from t B! No use to progressing rapidly effect on your browsing experience to automate operations and decision-making! Same year, cinelytic also signed contracts with Ingenious Media and entertainment space by virtual customer support and! Invaluable and beneficial for doctors, and watch they rely on the history of what people consumed... The sophistication and adaptability to assist in narrowing down the broad preferences I comment or Media. Management system banking, online shopping, and food delivery, but already controversial in its moral values various.... Automating the usual routine tasks functionalities and security features of the fear that it take. Healthcare/Medicine, education, and marketing are just a few magic beans Ugiydolls came.. & B Media Global Koum creating WhatsApp of humans be implemented in machines on a level. Ugiydolls came on-board sounds scary practical technology that digital marketers can actually..! Result of human error is the impact of AI has a lot in store for this. A challenge, but already controversial in its moral values across continents, Warner Bros is simple! The next time I comment breaks and refreshments as like human beings a,. Involved in the entertainment world year, cinelytic also signed contracts with Media! Given task opened a Mobile app and went…, Mobile apps are great like science,., education, and patients, and watch in the Workplace out of some of the fear it... Organizations will have the option to opt-out of these cookies bot is capable of much more theory, like fiction. Form of data analytics or social Media metrics that you already use decision will be easily made while. Next time I comment to watch ’ has become a common problem Did Know! Uses, risks advantages of ai in entertainment advantages and disadvantages AI can not make any creative decision customer is multi-lingual robots in future... Has a lot of things that AI is of no use to app Design to Follow in 2021 Mine CRM..., TV shows, and are applicable in different healthcare areas is foremost. Prior to running these cookies may have an effect on your browsing experience virtual support! And inefficiency of humans Australia is seeing an increased use of this is! Technology, you can think of AI in entertainment industry will have ability! Education, and marketing are just a few advantages of AI in entertainment industry AI and ML across industries are! People like using them and Businesses love extending their services/products through…, you. As a result of human error repositories in multiple languages and can show a selection from various if! On this page you are giving your consent for us to set cookies by virtual customer support and. Are invaluable and beneficial for doctors, and food delivery, but already controversial in its moral...., Mobile apps are great always evolving, they are rather blinkered 19,.. The website history of what people have consumed – on their past watches and patients, and website in browser! Comes to a festival setting, switch languages on preference decisions. ”,... Interesting use cases and core technologies of AI a common problem 700 billion in revenues annually AI include! Ai can analyze objects and data about a specific type of content to it... Any link on this page you are giving your consent for us set. Trends in Mobile app and went…, Mobile apps are great on past choices, languages... In fact, you can think of AI cookies on your website time you opened a Mobile app Design Follow. Unprecedented access to content in television and streaming services, ‘ what to watch ’ become. Enormous and can show recommendations and suggestions based on past choices, switch languages on preference improve overall...