Digital transformation has had a huge, unprecedented impact on interactivity. Apr 25, 2017  As the M&E navigates through the troubled coronavirus seas, consumers are incorporating many of the industry’s products and services into their daily lives. Digital transformation is changing the way business gets done and, in some cases, creating entirely new classes of businesses. Ushering in new digital technology If you’re attending NAB Show 2017, I would encourage you to tune into my keynote presentation on digital transformation in media in the Las Vegas Convention Center in rooms N262/N264 followed by a panel discussion. At NAB some of our customers and partners are showing off how they are evolving their businesses to take advantage of intelligence to create more meaningful connections with their customers. In the face of the new reality, existing market players or content providers such as over-the-top (OTT) companies, well-positioned to meet the customers’ existential demands, managed to thrive. Coupled to Cloud and Headless CMS—How Diverse Drupal Solutions Have Gotten with Time? I don't think anybody can talk meaningfully about one without talking about the other.” The digitization of content has completely changed how media companies think about the creation, production, marketing, distribution and monetization of content. It’s difficult to believe how and when we came a long way ahead from the cord-cutting era and how our consumption patterns changed considerably, but subtly. Digital transformation involves the reexamination of traditional business processes and realigning them to support the digital capabilities needed to achieve efficiencies and unlock value. Software development outsourcing has thrived on the premise that it leads to significant reduction in operational costs for the same work that has been done in-house since time immemorial. If you are not attending the conference but would like to learn more about our media services, check out: https://azure.microsoft.com/en-us/services/media-services/, [i] Source: Global Entertainment and media outlook 2016-2020, PWC, Ovum, Tags: Azure, Skype TX for Radio, streaming, Dec 17, 2020   |   Having undergone a series of strangled gasps due to the COVID-19 pandemic crisis, the healthcare industry is seemingly finding solace in digital transformation. “Subscription-based pricing model. In our 2016 survey, the rate of success was 20 percent; in 2014, 26 percent; a… The relevance of microservices architecture in application development cannot be undermined. Digital technologies are accelerators of innovation. Advances in computer vision and natural language processing (NLP) will drive these changes even further. Cybersecurity has holistically been a well-funded and highly prioritized process at most organizations to protect enterprise systems against cyber threats. The foremost challenge for web developers is to choose the right technology. Steve Guggenheimer - Corporate Vice President, Developer Experience & Evangelism and Chief Evangelist, Microsoft. Capturing their audience’s attention and converting them into paying customers is paramount for online businesses in a fiercely competitive e-commerce market. As their audiences find new ways to consume entertainment, whether it’s through tablets, smartphones, connected TVs, PCs, gaming or mixed reality devices, the competition for attention has never been greater. While the lines between print and digital, pay-TV and OTT, and social and traditional media continue to blur, companies operating in the M&E space are re-envisioning every aspect of how they offer and deliver their services. Digital Transformation in M&E Is Far From Over //-->. Media Management and Digital Transformation provides novel and empirically rich insights into the tensions, struggles and innovations of news making and managing in media organizations. With Industry 4.0 and the Industrial Internet of Things, technological solutions are Competing in the new digital world requires traditional media companies to transform by designing, piloting and rapidly industrializing new content, services and tailored offerings that enrich the audience experience and scale the New. Sarah Golley, VP of Digital Transformation at Virgin Media explains how a digital transformation is nothing without the people and the customers. How Should Businesses Strategize Their SaaS Product Development Approaches? Achieving digital transformation is a demanding task that requires a consensus among different disciplines so that companies can quickly adjust to new client expectations. Digital Transformation has been taking place across the sector for some time, but COVID-19 has changed the game profoundly in multiple ways. Are You? As the digital transformation of the media industry puts greater power in the consumer’s hands, media companies are looking towards scalable, cloud-based solutions to help them adapt This article is written by Lindsay James and was originally published on … RETAIL AND OTHER VERTICALS (MEDIA, ENTERTAINMENT, EDUCATION) Market Survey Technology Drivers and Restraints Social Media According to the Global Entertainment & Media Outlook 2020-2024 by PwC, while the M&E industry will post a 2.8% compound annual growth rate (CAGR) through 2024, some industry segments will expand quickly, experiencing three years of anticipated growth in a single year. Digital transformation requires a digital transformation strategy that, as any strategy, looks at the goals, current situation and how to move forward on a transformational journey in a way that makes sense and connects the dots. “Social Human Resource Management System (HRMS) is a hit, or more appropriately, a blockbuster when it’s about building robust organizational culture. They can improve efficiency, power new products and services, enable new business models, and blur the boundaries between industries.  |   Digital transformation has introduced us to a wide array of technologies such as SMAC, Top 5 Digital Transformation Trends Disrupting the Media and Entertainment Industry in 2021, media and entertainment software solutions, Global Entertainment & Media Outlook 2020-2024 by PwC, media and entertainment software development. If we In 2016, global internet advertising revenue surpassed global TV ad revenue for the first time[i]. Human Resource Management System (HRMS) has become the single biggest source of truth for the modern HR. Believe it or not there was once a time when Apple was not the globally dominant force it is today. Years of research on transformations has shown that the success rate for these efforts is consistently low: less than 30 percent succeed. One powerful way their companies are accelerating their digital transformation is by leveraging social media. Build Trust in your Sales Team’s Expertise There is a common misconception that social media doesn’t work for manufacturing, but it’s hard to … When the potentials of the Internet of Things (IoT) were unraveled, fleet operators all over the world were filled with euphoria, at least those who were yearning to go to the next level. Progress has been made in the last few months that would have taken years before Dr. David Rhew, Dec 7, 2020   |   The COVID-19 acted as a catalyst to accelerate and amplify the consumers’ behavior, pulling forward digital disruption and causing an uptick in demand for media and entertainment software solutions.  WRITTEN BY: Dale Benton - April 3, 2020 One of the biggest impacts of the rapid and continuous evolution of the technology landscape is that it has removed the traditional ideas surrounding customer loyalty. Although the media and entertainment industry has been proactive in preparing itself for tomorrow’s digital shifts since time immemorial, the COVID-19 pandemic’s onset has further reaffirmed its optimism towards change. This is the biggest question staring at the businesses in the age of hyper-transformative digital world. $.src="//v2.zopim.com/?cffDCzX9POn9dpFUNfk7Rpd1z02PV9HL";z.t=+new Date;$. For these organizations, having the ability to quickly scale up and down processing capacity when needed changes the cost curve for producing content. _.push(o)};z._=[];z.set._=[];$.defer=!0;$.setAttribute("charset","utf-8"); Social media allows people to interact with company accounts, asking questions and getting responses back i… The next wave of digital transformation With a diverse and growing set of ways in which audiences can consume media and entertainment, it is not only important to ease the creation of content but also ensure that data is serving up smart insights about what content resonates with audiences. From buying a newspaper to opening a news app on your tablet, from renting a DVD to streaming your favorite television series on a smart TV, from buying a cookbook to getting customized recipe suggestions on your smartphone, it’s undeniable that the digital transformation of … At this year’s show, I will have an opportunity to meet many of our partners, customers and attendees in the media and entertainment industry and discuss how we can help empower their digital transformation. There has been a digital transformation of the sport industry that has resulted in an increase in the number of startups. A Comprehensive Guide to Shopify Development Stores, Top 6 Considerations for SaaS Application Development, Cloud Adoption Maturity Model: A Curtain-Raiser. However, others facing strategic headwinds are realigning themselves to accelerate their digitization plans by looking for a reliable media and entertainment software development partner. With Opex spending rising faster than revenue, media companies are on the edge of a cash flow cliff. “Information technology and business are becoming inextricably interwoven. Cyber Resilience & Security-by-Design: The New Approach to Cybersecurity Post-COVID-19, 7 Most Popular Backend Web Development Frameworks in 2020, 10 Benefits of Software Development Outsourcing, Outsourcing Software Development to Mitigate the Human and Business impact of COVID-19, 10 Reasons Why Django Web Development with Python is Most Popular for Backend Web Development, Healthtech Trends That Are Shaping Response to COVID-19 Crisis, 5 Ways Education Sector is Weathering Disruption amid COVID-19, 8 Effective Ways IoT Revolutionizes Fleet Management, 7 Data Science Applications in eCommerce to Maximize Customer Retention and Conversion, Top 7 Financial Services Technology Trends in 2020. SC Media > Perspectives > How cybersecurity supports digital transformation in health care Publish Date November 24, 2020 How cybersecurity supports digital transformation in health care According to Deloitte’s 2019 Investment Management Outlook, “Many investment management firms are planning for the potential disruption caused by new technology-based entrants. Digital transformation doesn’t have to mean devolution of what’s come before. As our world becomes more digital, advertisers, content creators and distributors will move past general demographic information and increasingly require more granular customer details for TV like they do for the internet. window.$zopim||(function(d,s){var z=$zopim=function(c){z._.push(c)},$=z.s= While the long-standing business models get reshaped, at the macroeconomic level, analysts are debating about the shape of economic recovery: U-shaped recovery, L-shaped trajectory, or a rapid V-shaped bounce back. The concept of digital transformation today touches every organization irrespective of their industry vertical or functional expertise. Toni Townes-Whitley, Steve Guggenheimer - Corporate Vice President, Developer Experience & Evangelism and Chief Evangelist, Microsoft, brought their archive and the content distribution into Microsoft Azure, https://azure.microsoft.com/en-us/services/media-services/, Sarah Bond, CVP, Gaming, Microsoft; Travis Walter, CVP, Microsoft Store; and Charlotte Yarkoni, CVP, Cloud + AI. Discover how digital transformation allowed BT to broadcast a live programme worldwide with all the media teams working remotely. Today, at the apex of the Fourth Industrial Revolution, Internet of Things (IoT) and Artificial Intelligence (AI) poise to drive business transformation on a ma. - Bill Gates. Advancements on artificial intelligence, machine learning, IoT, mobile & cloud platforms services. This video is based on the Social Media Revolution Series by Digital Transformation Speaker Erik Qualman. Business-IT Alignment is considered an important growth catalyst for organizations. Unlike healthcare, the digital transformation happening in the media and entertainment business focuses mostly on—you guessed it—marketing and money. How are Microservices Supporting CIOs in Realizing Business-IT Alignment? Digital Transformation Video 2019. From working with NBC Sports to power the 2016 Rio Summer Olympic games livestream across devices, including Connected TVs for the first time, to delivering content storage, media encoding, rendering, advanced analytics and more, Microsoft is partnering with companies across the media and entertainment industry to help enable digital transformation. As we head into 2019, what we have in terms of digital transformation trends in entertainment and media is truly reflected in the trends of media consumption. [CDATA[// >