Information plays an important role in almost all sectors of the economy, and casino entertainment is no exception. Today, these companies process various reports at such a speed and in volumes that were unimaginable just a few decades ago.
Analytics from the Fortune Business Insights online publication predict that by 2028, revenues in the industry will reach $158 billion. Data science will become an essential element for the development and an important indicator of business capitalisation and scaling.
The described term defines a huge amount of unrelated pieces of information, which are collected and processed using special automated tools. The obtained facts are used for statistics, analysis, forecasts, and effective decision-making.
The concept was first used in 2008 by Clifford Lynch, editor of the Nature magazine. Back then, there was the explosive growth of information in the world, the volume of which was estimated at hundreds of gigabytes per day.
In 2012, Big Data increased so much that large IT corporations became interested in it. Microsoft, Oracle, Meta Group, and other market leaders started to invest tens of thousands of dollars in specialised software to benefit from the technology in the future.
In 2015, Gartner included the technology in the Top 10 trends of the decade.
Today, it is used in many sectors of the economy. These are fintech, banking sector, pharmaceuticals, healthcare, logistics, construction, and, of course, gambling.
Not all information falls into this category, although the evaluation criteria are rather loosely defined.
The Meta Group corporation has proposed the most accurate characteristics of the concept:
Big Data is also evaluated according to such parameters as value and reliability. It is essential to be able to highlight things that will be the most beneficial for the iGaming business in the short term.
This task is performed by monitoring, tracking, and studying various facts from different sources. This is external data and insides available only to casino owners.
It can be described as information about how the gambling application is used on a daily basis, which includes real-time and long-term statistics.
Main sources of information:
Data monitoring is carried out continuously in real-time.
With the emergence of IoT, more and more devices are connected to the Internet, which qualitatively and quantitatively affects large data. Entrepreneurs can find out about the functioning of niche products, search queries, reactions of players, and their activity on specialised websites, social networks, or instant messengers.
The so-called digital footprint (the history of customers’ actions in the online space) is one of the key sources of information, which can be processed data and used for various purposes, from the improvement of service quality to protection against fraud.
To get started, operators need to follow 3 steps:
Entrepreneurs use this technology for a variety of purposes, including the improvement of customers’ impressions of the betting process.
An in-depth study of the actions of players allows people to create their unique accounts.
For analysis, the following elements are used:
The collected and processed data allows operators to qualitatively segment the audience and create individual profiles for each casino visitor. They store information about the gamblers’ habits, preferences, bonuses, payment services, demographic characteristics, geolocation, etc.
After registering a client, entrepreneurs can send notifications using the provided personal data.
The Hubspot online publication claims that when a person's name is mentioned, a unique reaction in his brain is created. Several areas are simultaneously activated, which leads visitors to iGaming sites to action.
These include the deposition of funds, use of the welcome bonus, launch of the reels, and much more. All this increases casino conversion and brings large profits to the enterprise.
Attention to the requirements of customers and personalisation of their experience encourages gamblers to return to the website over and over again. Big Data plays a key role in the adaptation of entertainment platforms to the interests and demands of visitors.
Thanks to such technology, operators can better understand clients by studying what people like, tracking their behaviour, and identifying any problems that may arise on the portal. Even such an ordinary function as instant account replenishment during the session can increase the audience’s loyalty to the casino.
How Big Data improves iGaming resources:
If online casinos meet the audience’s needs, it helps to reduce the company’s costs and increase business liquidity.
By understanding user habits, entrepreneurs can efficiently spend the budget. This includes the purchase of only relevant content, installation of popular payment services, and integration of high-quality affiliate programs. Money is spent only on what brings real and measurable results thanks to the study of people’s preferences.
It is even theoretically impossible to independently analyse all the necessary information (history of clicks, terms of cooperation with product vendors, and reactions to new content). Therefore, the role of technology in the entertainment niche is growing rapidly.
Personalisation of the gaming experience is not the only reason why the concept is used in the industry.
Criminals use false or stolen identities, VPNs, and other tools to obtain undue advantage for themselves. They register, claim bonuses, perform rollovers, and disappear. The development of the fraudulent transaction database allows operators to implement effective protective measures.
Big Data also helps combat hacker attacks, phishing, and the introduction of Trojans and spyware. The technology studies the experience of competitors in the fight against cybercriminals and increases the casino’s resistance to various types of threats.
Thanks to user profiling, it is possible to identify such atypical actions of gamblers as:
Using Big Data, entrepreneurs can develop effective audience engagement mechanisms. Their list includes an emergency notification system, limits on the sizes of bids, and other elements that make the stay on the site safer.
Thanks to the technology, operators can quickly and accurately calculate the main KPIs of a casino:
It is worth assessing and analysing these parameters in dynamics. This will help to show the strengths and weaknesses of iGaming platforms, outline ways to optimise costs and increase the investment attractiveness of the business.
It is possible to organise targeted advertising campaigns based on specialised player profiles. They are extremely effective since entrepreneurs interact not with some collective image but with particular users, know their habits, and understand how to quickly attract/retain customers.
Ads created using Big Data can be placed in:
The Hubspot online publication provides the following statistics:
With Big Data, it is also possible to predict which partnerships will be the most profitable and identify high-performing niches.
The technology represents a set of tools for collecting, processing, and analysing huge amounts of information.
Key features of the option:
From us, it is possible to order the following useful services:
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