From the AnthologyAI Blog

How Media Companies Can Leverage Multidimensional Consumer Data to Drive Success

September 13, 2024

AnthologyAI’s cutting-edge data provides media companies with multidimensional insights into the consumption habits and spending preferences of US consumers. By harnessing this data, companies can anticipate emerging trends, understand subscription behaviors, and optimize the user experience to drive engagement, boost loyalty, and reduce churn across digital platforms, streaming services, and news media.

Between video and music streaming, podcasts, news, social media, and countless others, consumers are inundated with options when it comes to media. Media companies face fierce competition for consumers' attention and loyalty. And for those seeking to capture a larger share of this attention, the challenge has never been greater.

Subscription churn, fluctuating engagement, and rapidly shifting consumption patterns are impacting revenues. Consumers want taste-making content that keeps them engaged and coming back for more. To thrive, media companies must anticipate trends and adjust their strategies in real time.

AnthologyAI’s cutting-edge data provides media companies with multidimensional insights into the consumption habits and spending preferences of US consumers. By harnessing this data, companies can anticipate emerging trends, understand subscription behaviors, and optimize the user experience to drive engagement, boost loyalty, and reduce churn across digital platforms, streaming services, and news media.

The Race to Maintain a Competitive Edge

Media companies are grappling with several significant challenges as they work to maintain a competitive edge in a saturated marketplace.

One major hurdle is customer acquisition; attracting new subscribers can be up to five times more expensive than retaining existing ones, which places considerable strain on marketing budgets. Companies aim to prioritize more targeted campaigns that lower costs and attract high-value customers, yet they often lack the insights needed to fully understand their audience.

Another challenge: churn. To tackle this issue, companies are increasingly turning to AI and data analytics, which can reduce subscriber drop-off by as much as 30%. However, many organizations still struggle to consistently provide personalized content and engagement strategies that nurture customer loyalty.

Complicating matters, companies face regulatory pressures regarding data collection, hindering their ability to provide tailored content. Additionally, the rise of social media and diverse content formats has made it difficult for businesses to effectively engage their audiences. Teams are under pressure to produce cross-platform content while also maintaining traditional broadcasting methods. This challenge is further intensified by the necessity to connect with Gen Z and Gen Alpha through emerging technologies such as AI and gaming.

Given these complexities, what options do companies have?

How AnthologyAI Solves These Challenges

By leveraging near real-time, multidimensional consumer data and behavioral insights, media companies can:

  • Drive Engagement and Loyalty: With deep behavioral scoring on user engagement, loyalty, and subscription propensity, companies can predict shifts in viewer behavior and deliver content that resonates with them.
  • Reduce Churn: By analyzing comprehensive subscription data, companies can identify at-risk users and proactively address their needs with personalized offers and content.
  • Optimize Personalization: Multidimensional insights help media companies tailor content recommendations that align with user preferences, boosting viewer stickiness.
  • Enhance Competitive Intelligence: Media companies gain visibility into competitors’ strategies and audience preferences, enabling smarter decision-making and more effective positioning.

Datasets that Drive Insight

To effectively tackle these challenges, AnthologyAI equips media companies with a broad set of data points that paint a comprehensive picture of consumer behavior, including:

  • Content Consumption Habits: Understanding which types of content engage viewers the most.
  • Streaming Data: Identifying preferences and behaviors across various platforms.
  • Retail Data: Linking media consumption with purchasing behaviors.
  • Transactional Data: Uncovering spending habits that correlate with media subscriptions.
  • Location Data: Analyzing regional differences in media consumption.
  • Demographic Data: Building consumer profiles based on age, gender, income, and more.

How to Utilize AnthologyAI Effectively

Subscriber Lifecycle Insights

AnthologyAI’s multidimensional consumer intelligence empowers media companies to maximize customer lifetime value. By analyzing data from streaming platforms, banking transactions, retail preferences, and location tracking, companies can gain insights into churn, pricing sensitivity, and competitive trends. For the first time, subscription products can access integrated, real-time data that delivers actionable insights.

Personalization

Tailored content recommendations can be created using AnthologyAI’s near-real-time data set, which includes consumer behaviors across streaming and retail preferences. By leveraging insights from beyond their own platforms, media companies can boost engagement and loyalty, ensuring that viewers receive personalized experiences that keep them coming back.

Competitive Intelligence

AnthologyAI’s data helps media companies stay ahead of the competition by providing insights into market trends and viewer preferences across the industry. This enables smarter strategies, better market positioning, and alignment with viewer demands.

If this blog resonates with you and you’re eager to discover how AnthologyAI can elevate your media strategy, connect with our sales team to learn more.

Partner with AnthologyAI

We work with the most progressive, technology-enabled, ethically-minded corporations who want to rethink how we collect and make decisions from consumer behavioral data. Our platform fulfills hundreds of different use cases. Want to see how we can bring new consumer intelligence to your business? Get in touch with our strategic development team.

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