This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Streaming Music Grows Up

At Pandora, the machine recommendations carry the stamp of a deeper human involvement. Humans examine data and "groom the collection of music" for each listener, according to Chief Scientist Eric Bieschke, speaking at the panel discussion. But that doesn't necessarily preclude the celebrity playlists touted by Beats Music or offered at Spotify, as he told me later in an interview.

"You can't ask a machine why this particular song made you cry," Bieschke said. "There's a place for [celebrity or user playlists]. I don't think it's going away but en masse it's not going to work."

Without more sophisticated algorithms that can efficiently and effectively identify a range of users' tastes at a particular moment or for a particular purpose, playlists can quickly become as cumbersome to deal with as the songs themselves.

Those algorithms, in turn, need to have more accurate information, collected from mobile devices and through tracking usage. Where you are, what the weather is like, the time of day -- all of that can help the machine identify the context of a user's music listening and better enable it to make recommendations.

Must Read: Why Beer Lovers Should Avoid St. Patrick's Day

The goal, as Bieschke put it, is "to connect you and only you with the thing you like to hear."

Scaling the delivery of music to millions of users and yet having the music experience be a personal one is the single greatest ongoing challenge facing the sector and it is multifaceted, with pieces in data collection, pieces in a detailed, musicological analysis of music and pieces in ethnographic and cultural understanding of particular areas.

As an example, Echo Nest CEO Jim Lucchese noted in a private interview that the channels through which songs become popular, the context through which they emerge, can vary in ways that affect streaming selection.

"Things like the fact that people discover popular music in India though film in way that's unique to India, creates an entire new data structure challenge," he said.

At the moment, the industry is relying on western-centered cultural assumptions, but that has to change as an ongoing explosion of digital popular music in Latin American, Asian and African markets is promising to dramatically shift the music industry as a whole. The streaming sector is a pivotal player in that shift: as handheld devices become readily available, some societies with limited Internet access through landlines are skipping past the downloable-digital-file stages experienced in the U.S.'s technological development, leap-frogging directly into streaming over mobile.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
P $20.30 0.45%
AAPL $111.97 0.33%
FB $95.15 0.94%
GOOG $652.00 0.82%
TSLA $220.75 2.40%


Chart of I:DJI
DOW 17,139.78 +7.92 0.05%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,832.7530 -5.89 -0.12%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs