here and here. And I see the phrase 'data-driven decisions' everywhere I turn, it seems.
The latest company I've become aware of plying their wares in this are is ScriptBook whose tagline is 'Hard Science. Better Box Office.' Moving on from the 'Hard Science,' they have quite a hard sell - 'subjective decisions lead to box office failure.' And they have the data to back it up. 87% of films lose money.
Now, there may be something wrong in the logic that making a film involves subjective decisions, and most films lose money therefore subjective decisions mean failure, but anyway. What ScriptBook offer is Script2Screen, which employs artificial intelligence to analyse screenplays, delivering an objective assessment of a script's commercial and critical success. Out with hunches, intuition, bias, gut feeling and in with fairness and objectivity.
Not only do ScriptBook promise commercial and critical success, but innovation and originality, too:
'At ScriptBook, we believe that by unifying technology and storytelling, we will enhance innovation and bring back originality in film and television.'
Do tell me how a 'predictive algorithm' which works by looking at a database of existing scripts can bring back originality? Unless it means oh, RomComs are successful and so are Zombie films and Historical Biographical, so let's have Gandhi meeting a zombie for a madcap affair.
Let's go back to the data-driven decisions. I remember a few years ago, panic about how e-commerce would destroy existing bricks and mortar retailers. But what's happened is not an 'either or' situation. Everyone is going multichannel in retailing.
It's the same with data. In the same way that Millward Brown and other pre-testing research agencies used to claim to 'predict' the success of your TV spot based on the analysis of their database of tested commercials, companies like ScriptBook are no different. it's just that there's even more data, and what we can do with that data is ever more sophisticated.
Perhaps data-informed is better than data-driven. 'Driven' suggests someone cracking a whip at a herd of cattle. As Netflix CEO Reed Hastings said, while speaking about House of Cards: 'We start with the data ... but the final call is always gut. It's informed intuition.'
Before we leave this subject, here's some light relief for my German-speaking friends. Who needs artificial intelligence when you have monkeys? Comedian Jan Böhmermann composed this smash-hit single with the help of monkeys who chose which of either the four most frequent words in German Chart Hits ('Menschen' 'Leben' 'Tanzen' 'Welt' ) or phrases from TV commercials should come next in the lyrics:
Why hire an advertising agency?
3 weeks ago