Data is crucial for Over-the-Top (OTT) platforms. Extensive streaming services like Netflix, Disney+, Amazon Prime, and smaller OTT platforms rely heavily on data to identify their audience, choose content, and ensure customer satisfaction. This discussion explores how collecting accurate data can help increase user engagement and grow an OTT platform.
In this blog, we will share seven tips for collecting data for OTT platforms that are impactful and specially developed for the mentioned purpose. Whether creating a new OTT service or enhancing an existing one, they are helpful—the data you gather will help your center achieve a successful platform.
To explore the tips fully, one must understand why information collection is essential in the OTT industry.
Hence, if OTT platforms fail to collate data, they might miss out on connecting with their audiences and improving their work and business. Now, look at the following seven strategies for enhancing data-gathering activity.
However, before data collection, it is necessary to identify which performance indicators will be more significant for an OTT platform. Concentrating on the appropriate metrics can help you acquire information that will suit your business needs. Here are some essential metrics that OTT platforms should keep track of:
Hence, attention to several key figures helps get more valuable data on OTT platforms more efficiently.
First-party data means data collected directly from your audiences, such as when targeting online website and application users. Such data is credible and valuable because it is collected directly from your clients. It includes things like:
The system must have registration/profiles, individual interfaces with customization options and functions, and rating and watchlist capabilities to obtain crucial customer data. The more data collected, the better a person understands what users prefer and how they use products or services.
That especially applies to using your own customer data, as it is undoubtedly very important. As well as helping one to understand the legal requirements that have been set regarding data protection and privacy, it also helps companies to know that they can still trade regardless of the legal rules. It also allows them to make their customers happy by offering them and creating special events.
To utilize the most significant portion of the information you glean, you have to use powerful analysis tools capable of analyzing this information. These tools will enable you to perform these analyses faster and more accurately than if you do it manually. Below are some popular analysis tools used by OTT platforms:
Analytics platforms also allow you to observe how people interact with your website or app and monitor and improve numbers.
Only some people are, thus, your platform, so they don't behave or do things the same way. To give a unique experience to the users, you should divide them into groups depending on some things, such as how they act and what they are. That helps you organize users based on factors such as:
Once you categorize your viewers, you can notify each of them about special content, suggestions, and offers that interest them. For example, it could be noticed by persons who prefer watching many programs simultaneously that TV series with many episodes could be suggested, or persons who watch programs on weekends could be presented with collections of films to watch on weekends.
Dividing viewer attention enables streaming platforms to provide better experiences that make viewers more interested and engaged, prevent them from leaving, and ultimately make them happier.
A/B testing compares one version of something to determine which is most effective. With A/B testing, different areas of the OTT platforms can sometimes be improved. How the app looks and feels: Users should be tested on the button placement and navigation to determine which layout they like most.
We recommend that people experiment with how one offers something to others to determine which approach attracts more interest.
If you execute A/B tests, you can make conclusions based on data about what is more effective within your site or application. This assists you in enhancing how users engage with your platform, encouraging as many people as possible to perform a set task, and improving your products using objective user feedback.
OTT platforms can be seen on mobile phones, tablets, smart LED TVs, video/game consoles, and others. Because they contain different forms of data, each device must be taken properly to obtain the correct data.
If you want to know how your visitors use your website on a desktop, tablet, or smartphone screen, you can retrieve data in a form that is more appropriate for each of these. This can help make viewing for any type of device more of a positive experience, and people will be happier with your website.
A movie or series loved by viewers with different tastes causes OTT platforms to possess valuable data: data belonging to users, including personal data, payment data, and their preferred data. Oh, really, these data should be interpreted secretly and safeguarded against all ill-mannered interlopers. If the information is unsafe, there are big issues with law and money. Here are some essential things to remember for keeping data safe and following the rules:
As long as OTT platforms ensure that they do not share or compromise the information provided, they should be able to gain people's trust, avoid legal battles, and respect the laws regarding data protection.
You see, data is a precious commodity for any streaming service. Sometimes, it includes suggestions for shows or movies you might like or what content to get. If you pay attention to these numbers, if you use some inputs to which you have access, if you use some software to analyze the data, if you split the audience who observes, if you test different approaches to what works best, if you focus on an exemplary user interface across platforms, and if you think privacy, you can beat other streaming platforms and make watching shows and movies more enjoyable for everybody.
To further advance your data collection approach, you should contact Scraping Intelligence. With Scraping Intelligence, you can scrape competitor data, market data, and user reviews from several other sources. This information could help enrich your first-party data, allow you to anticipate changes, and make better decisions. Using internal and external data sources, you can improve your platform's performance and provide your users with an enjoyable experience, which will contribute to further continuous growth in the highly competitive OTT environment.