What are the Key Live Streaming Trends in 2023?
Live streaming has been a revolutionary technology. Over the last decade, it has transformed entertainment and social media, and it was used by almost 30 percent of the digital population in 2022. The market size for live streaming in 2023 is $1.49 billion, and it’s growing at a CAGR of 20.6 percent. That highlights how the technology is here to stay, and that it is continuing to have a huge impact on the world. This year, there are some emerging trends to watch out for regarding live streaming, which will push innovation forward.
New-Fangled Live-Dealer Games
Before Facebook brought live streaming to global attention in 2017, it had been used for some time in the gaming industry. For example, Twitch has been offering live streams of games since 2011, and the online casino industry introduced it around the same time. It completely transformed the latter sector, and helped it boom throughout the 2010s. Live streaming is now one of the most popular ways to play classic casino games like roulette, for instance, and players can find a wide range of options to choose from in the category. These include titles like Live Immersive Roulette and Live Arabic Roulette. The technology allows players to feel immersed in the action, as if they are standing at the game table in the casino.
It’s clear now that online casinos are going one step further with their live offerings and are trying to attract even more players to these games. They have done this by going beyond traditional table games, and they now provide other live titles like Crazy Time and Adventures Beyond Wonderland Live. In 2023, players can expect developers to come up with even more innovative games like these. This could involve taking classic games to new settings, like 888 Rooftop Roulette. There could also be more slot games moving to a live setting, following in the footsteps of titles like Safari Riches. This is now available as a live game, with a host presenting the action.
New Concepts for eCommerce
China could be getting ahead of the crowd in the eCommerce sphere with its innovative use of live streaming. Many of the leading sites now use people referred to as Key Opinion Leaders or influencers. They appear on live feeds to showcase and sell products in real time to audiences. Millions of people across the country tune in to watch these live streams and make purchases, and it’s becoming one of the most prevalent ways to shop in the modern age.
There are various platforms on which sellers can broadcast live video streams in China. These include the likes of Taobao Live, JD.com Live, and Kuaishou. Viewers can interact with the presenters in real time through chat messages. They can ask questions, leave comments, and place orders while the live stream is on. It’s a great opportunity for sellers to highlight all the features of their products and run promotions. Viewers simply click links or use in-stream purchasing functions if they want to buy something.
This live shopping model is boosted by influencers, who often have millions of followers on their social media platforms. The strategy has seen significant success because it can generate a sense of urgency and excitement in shoppers, along with the enjoyable social interaction element. It combines the convenience of online shopping with the entertainment side of live streaming, resulting in an engaging and immersive shopping experience.
Caption: A video speculating whether live shopping could boom in the USA.
As the live shopping phenomenon in China has grown and evolved, eCommerce companies in the West have begun to jump on this popular trend and integrate live shopping into their platforms. Amazon began testing Amazon Live in 2021 in the USA, and the function is now available on the website. Users can click the Amazon Live tab to discover new influencers or see feeds from the celebrities that they follow.
TikTok also now has a live shopping feature on its platform. TikTok Shop allows for live shopping events in which brands and retailers can partner with influencers to promote their products. Both are in their early stages at the moment, but could become massive over the next couple of years as more users turn to this form of online shopping.
Further Integration into Social Media
Live streaming has completely transformed the social media industry since Facebook first integrated it into its platform. Billions of people around the world have interacted with Facebook Live. 25 percent of people watch live streams to stay informed about current events, and most people consume these live streams through social media. In the first year of Facebook’s live-streaming revolution, 42.7 percent of businesses broadcast a video, highlighting just how important the technology is for sales.
Caption: A video with advice about LinkedIn live streaming.
Other social media sites have been unable to ignore the impressive rise of live streaming on Facebook. In 2023, LinkedIn has become the latest social network to introduce live streaming to its users. This has come in the form of LinkedIn Live, which will bring new elements to the way people interact with the hugely popular business networking site. The tool allows eligible members to broadcast live streams on their profile or an event.
People who use LinkedIn to reach clients need to start thinking about getting involved with this new live-streaming feature as soon as possible. 37 percent of consumers believe that this format is the most engaging type of content on their social media feeds. Savvy LinkedIn users can now give webinars to their audiences or host interviews on their pages to educate B2B audiences.
It’s clear that live streaming isn’t going anywhere, and its influence is still growing in 2023. Developers are constantly coming up with new ways to make it better, and it will be seen in even more areas of entertainment and social media over the next decade.
What Internet Speed Do I Need?
Paying for an internet service gives you the right to inquire how much speed you will get.
Today, the internet controls our lives, which is why one must subscribe to the best internet service provider, such as Spectrum for a flawless experience.
It can be quite complicated to know how much internet speed you need to carry out every day online tasks. You may find yourself asking the same question repeatedly whenever you are planning to get a new internet service package or paying the bill.
It is not simple to select the broadband service plan which will be the best for you and your household. Multiple factors come into consideration, such as house size, people, area, online tasks, and so on.
In the past 2-3 years a massive increase in the demand for the best home internet service providers is seen. The primary reason behind it is the increase in work from homes jobs, and online schooling, which was started shortly after covid-19.
Keeping in mind all the crucial factors, you should go with the best internet service provider in the US. It does not matter in which state you reside; it is compulsory to understand your online needs as it helps you decide what internet package will work well for you.
When Should You Update Your Internet Plan?
Has your screen ever frozen while you reached the favorite part of your movie on Netflix? Or the web pages started taking forever to load when your mom started a skype call with her foreign friend?
These are the early signs to inform you that it’s time to update your internet plan as it is not able to entertain all the users in the house simultaneously. To help you see if you really need faster internet service, we asked the broadband experts working at the top internet service provider companies to get a better idea.
Bellow, you can have a look at what they stated to better understand when it’s the time for you to upgrade your internet plan.
What Internet Speeds Do You Need?
You require an internet speed of 15 Mbps or more to stream content in HD or 4K. In addition, you will need more speed if you stream Netflix on multiple devices at the same time. The same will be the case for all other streaming services, such as Hulu, Disney+, HBO Max, and Amazon Prime Video.
For Multiple Internet Compatible Devices
It is only obvious that you will be needing a much stronger internet plan if you wish to use multiple internet-compatible devices simultaneously. You may be needing such devices for various reasons like online streaming, gaming, live television, and so on. The ideal internet plan for the said case would have to be somewhere around 200 Mbps+. The perfect speed for data-hungry households in the US.
Consider Gigabit Internet Speeds
Those who are in the IT industry understand the need for a fast internet connection no matter what time of the day it is. This is why they should consider gigabit-speed internet plans for the seamless availability of ultra-fast internet speeds.
Know Your Internet Speeds
Using various online internet speed test websites, you can double-check if you are getting what you are paying for. If not, you can contact your internet service provider and discuss the issue with him.
Ensure to Use Updated Equipment
Not every time it is the ISP that causes the drop in internet speeds. You must make sure that you are using the latest and updated Wi-Fi routers, modems, etc. If they are not the latest or up-to-date, they may cause your internet speeds to slow down.
There you go, folks! I hope this post helped you realize how much internet speed you need to work smoothly on the web. We understand that deciding the right internet service provider is a process that is not as simple as it seems, but we tried to make it easy for you.
It is a good idea to have the number of devices in mind while subscribing to the best internet service provider. Moreover, we recommend going for the one that provides other services with the internet.
A Guide to Better Supporting Tech Use in Your Business
If you own a business, you might find that you are not supporting its tech use enough and that this is having a detrimental impact on your company as a whole, from its productivity to its ability to adapt to the future of its industry. If this is the case, here is a guide that will help you to better support tech use within your company in 2023.
Get a Stronger Internet Connection
One of the best steps that you can take to better support tech use in your business is to acquire a stronger internet connection for it. A stronger internet connection will ensure that the software that you purchase is able to run smoothly and that a great number of employees can use your internet and your computers without any issues, such as a lag in internet speed. If you are struggling to find a strong internet connection in your local area, you should consider looking at the options that are provided by companies like Gateway Fiber. They will be able to provide your company with a fiber internet and Wi-Fi mesh network that can help to propel your business into the future.
Get Plug Sockets and Charging Points
You should also ensure that there are enough plug sockets and charging points around your business before introducing a lot of new technology. Installing a large number of sockets around your office will mean that a lot of gadgets can be used at once and connected to the electricity, such as laptops and computers. Not only this, but charging points in accessible places will mean that your employees can use their tech non-stop without running into problems because the gadget they are using is not charged up enough. This can help to make technology a more integral part of your business.
Find a Great Server
It would help if you also looked around for great servers for your company. There are many different types of servers that you may need within your business. For instance, file servers can help you to store a range of documents within a digital space, and a web server will ensure that you will be able to gain access to webpages whenever you need to, and the best web servers will ensure that these webpages load extremely quickly so that you are able to complete your work tasks in no time at all.
Look for IT Companies
It would be best if you also looked around for external IT companies who can help you get the IT infrastructure you need and support your tech use as it grows. Finding external support is vital for those who do not have onsite IT teams or for business people who are not very tech-savvy themselves, as IT companies can ensure that problems are sorted out quickly, that your tech remains secure, and that there is a source of professional knowledge and information on hand at all times to answer queries and concerns. This is extremely beneficial.
Data science: The essential technical skills
Data science is one of the most important roles of our time. Organizing vast amounts of cluttered, nonsensical data into clean, actionable information is an incredibly valuable skill, which puts you in an enviable position for work opportunities. Data science helps businesses from various industries make data-driven decisions, increase profits and streamline their processes. So, if you’re thinking a career in data science may be for you, let’s take a closer look at what data science is and the critical skills you need to succeed in the field.
What is data science?
Data science is an academic field that combines statistics, computing, scientific processes, algorithms, mathematics, artificial intelligence and computer engineering to analyze vast amounts of data to extract valuable information. The information extrapolated in data science is turned into easy to understand material so businesses can use it to make data-driven decisions. Now that we know what data science is, what are some typical roles you might have as a data science specialist?
What does a career in data science look like?
There are many exciting career paths you can take as a data scientist, including:
- Data analyst
- Data manager
- Data architect
- Business analyst
- Data scientist
- Machine learning engineer
These are only a handful of the possible data science roles. There are numerous critical data science skills needed for a successful career in this field. One of the easiest ways to obtain these skills is through a program such as Baylor University’s Online Masters in Computer Science degree track in Data Science. This program helps students to develop the specialized skills needed to excel in the data science field.
Essential data science skills
The exact skills you need for a data science role will depend on what you do and where you work. However, there are some skills common across all data science roles, such as:
Programming is an essential data science skill and is a necessary aspect of any data science role. Programming knowledge is required to analyze and manage large amounts of data. Data scientists often have to create machine-learning algorithms to predict outcomes using data; so, a deep understanding of programming is required to complete them.
Programming languages to learn include Python, SAS, R and SQL. Python is one of the most popular programming tools in data science due to its vast libraries, flexibility and ease of use. Whereas SQL is used specifically for databases when working with big data.
All data scientists need a deep understanding of big data. The amount of data we have access to is only increasing, and working with tools such as Spark and NoSQL is vital when processing large data sets that cannot be handled with standard data handling tools.
Understanding machine learning is one of the most critical skills you need as a data scientist, and you’ll need to learn both machine learning and deep learning thoroughly to succeed in the field. Machine learning knowledge helps you gather data more efficiently and predict future data set outcomes. Types of machine learning concepts to master include: linear regressions, logistics regression, decision trees and random forest algorithms. These concepts help create real-time data processing algorithms, which increase the accuracy of future outcome predictions.
Statistical analysis helps you create machine learning algorithms. Statistics and probability are required, and concepts such as linear regression help you collect, interpret and organize data. Factors such as mean, median, mode, variance and standard deviation are all components of statistical analysis that you should learn for data science. At a minimum, descriptive statistics and probability theory are essential for data scientists.
Database management involves cleaning and organizing large amounts of complex data into organized, readable information that is categorized into patterns and trends. Doing this is often time-consuming but remains vital to making data-driven decisions. Database management, or data wrangling, as it is sometimes called, allows you to present data that can be interpreted.
In addition to the technical skills and specialized knowledge required to be a data scientist, there are some crucial soft skills, such as:
- Critical thinking
- Public speaking
- Attention to detail
- Effective communication
- Active listening
- Feedback sharing
Public speaking allows you to present information to stakeholders, convey your ideas clearly and show confidence in various professional environments. Empathy can help you understand how your information can impact stakeholders and the business. Effective communication skills help you work with colleagues, land jobs, make presentations to owners and share your ideas. All these skills won’t only help you in data science but in all aspects of your life.
Cloud computing is prominent in many industries and an important area of data science. Cloud computing can be used to analyze data stored in cloud-based platforms and provides professionals with cloud-based data frameworks that are key to advancing technology.
Data visualization is a key component of data science that is used to extract and represent data in a clear, understandable form. Taking that non-sensical data and turning it into charts, graphs, infographics, plots and animations makes it easy to understand for stakeholders and is one of the main ways in which you will communicate your findings to decision-makers.
Domain knowledge is also critical to relate your data to your respective field. For instance, you may specialize in fintech or engineering. Being knowledgeable in your specific domain will help you translate the data you analyze to respective stakeholders more clearly.
Data science is a highly sought after career, and learning the essential data science skills puts you in a formidable position for employability as you have the skills to help businesses to make decisions and succeed. You’ll use a combination of soft interpersonal skills and specialized data analytical skills, programming, domain knowledge, database management and machine learning. Together, these skills will prepare you to launch a career in data science.
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