Data

At the heart of AI lies machine learning, where models learn to recognize patterns and make predictions based on the data they are fed. As AI models continue to grow in size, the demand for training data has increased exponentially. This growth has led to a surge in interest in data collection, annotation, and management. Companies that can provide AI developers with access to vast, high-quality datasets will play a vital role in shaping the future of AI.

Source: How AI is Creating Explosive Demand for Training Data

There is no way to see full album or song credits on YouTube Music right now. But that may be changing soon. An eagle-eyed reddit user spotted a change to the song menu that now includes an option to view song credits. Tapping the overflow menu next to each song will bring up options with a ‘View song credits’ to see the composer, producer, songwriters, and performers listed by the music metadata provider. 

Source: YouTube Music Song Credits Coming Soon? — The Evidence

Australian music tech company Jaxsta has acquired Vampr, a social network connecting musicians and artists, dubbed as “LinkedIn for creatives.” Jaxsta noted that Vampr’s ‘freemium’ business model already converts 4% of weekly active users into paying subscribers. The business model is expected to accelerate when Vampr Pro is bundled with the Jaxsta Creator subscription, said Jaxsta.

Source: Jaxsta acquires ‘LinkedIn for creatives’ Vampr

The UK’s Centre for Data Ethics and Innovation has published its report on what impact the streaming services’ recommendation algorithms might be having on music consumption. “There are widely held beliefs that the use of these technologies might serve to unfairly advantage certain groups at the expense of others,” says the report’s intro. “This report finds that evidence proving or disproving whether these technologies embed, amplify, or introduce unfair biases is mixed, and at times inconclusive.”

Source: How DO streaming algorithms change the way we listen to music? – Music Ally

Data analytics platform Viberate is looking to turbo-charge its user-base growth in 2023 by cutting the cost of its full service from $129 per month to $9.90. The Slovenia headquartered company described the dramatic move as “scary, but the right thing to do”, claiming that it would help make the music industry more inclusive and access to game-changing data tools more democratic. Viberate says that its analytics tool processes over 1 billion data points each day.

Source: Viberate cuts subscription cost to under $10 in bid to democratize access to high end data analytics tools

The conference opened with a talk from the International Publishers Association president Karine Pansa about a two-year project focusing on data collection, as well as the need for more accessible books. As Pansa noted, the adoption of digital publishing practices vary wildly. In Japan, for example, digital audiobooks account for 36% of the total revenue of the book market, while they represent less than 1% in other countries with large book markets.

Source: Digital Book World Focuses on Data and Accessibility

The music industry has not shied away from its keenness to adopt Web3 solutions. From nonfungible tokens (NFTs) helping artists connect with their communities, to various blockchain use cases, including event ticketing. Another relevant implementation of the technology to be considered by industry insiders is how Web3 tools can help artists and companies manage music metadata.

Source: Web3 can help artists and companies manage music metadata: B2B music exec

Audio fingerprinting, or music recognition technology (MRT), is an established technology offering that, in recent years, has been developing into new services. Services that present some interesting opportunities for the industry but which I think need very careful consideration. There are many elements to the accuracy of what gets reported by an MRT device. Firstly, did the device really hear all the music that was played and was the fingerprint that was generated an accurate reflection of it?

Source: ‘There is a real need to look behind the marketing hype and truly understand what is being offered.’

DDEX says the ERN 4.3 update adds more functionality and reduces the complexity from earlier ERN versions. As part of the update, DDEX also updated the ERN Choreography for Cloud Based Storage standard which defines how record companies or distributors can securely transmit information to DSPs and caters for non-repudiation requirements to be met. 

Source: DDEX Publishes ERN 4.3 Update & Catalogue Transfer Standard 1.0

The music industry’s much-discussed credits problem has caused musicians to miss out on billions in owed payments. Now, VEVA Sound is partnering with universities to help the next generation of music professionals receive their due recognition and compensation. Nearly 20 institutions have already signed on to the program, including Berklee College of Music, The Blackbird Academy, Fisk University, Middle Tennessee State University, the University of Georgia, and the University of Miami, to name some.

Source: VEVA Sound Is Partnering With Major Music Universities