Music business conference Midem has published a new white paper produced by CMU’s consultancy unit CMU Insights that considers the technologies that could really impact on the way music is monitored, marketed and made in the next decade.
Written by CMU Business Editor Chris Cooke, the white paper begins: “The history of the music industry is basically a story about how a sequence of new technologies respectively transformed the way music is made, performed, recorded, distributed and consumed. Each new chapter begins as a new technology takes hold and kick-starts a revolution. Though each time that happens, we know that another equally revolutionary technology isn’t far way”.
Three technologies that could have a major impact on the music industry in the coming decade can all be loosely placed under the banner ‘artificial intelligence’. “Depending on your definition of ‘artificial intelligence'”, Cooke writes, “these technologies are either already examples of AI in action, or they are prototypes that will ultimately embrace machine learning to become ever more sophisticated, as AI at large becomes more efficient and more affordable”.
The white paper reviews recent developments and future trends in audio recognition, automated messaging and music composition AI, and features interviews with tech makers WARM, DJ Monitor, Dubset, POP, Jukedeck and Rotor.
Premium subscribers can read an overview of the report in CMU Trends here, while you can download the full white paper from the Midem website here.
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