By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

An algorithm designed to make the music industry fairer

Peter Filzmoser and Nermina Mumic © Vienna University of Technology

Up until now, music labels and bands have been forced to rely on large music platforms to pass on correct figures and pay correct fees. A technology developed by the Vienna University of Technology is now designed to provide greater clarity. The statistician Nermina Mumic developed mathematical tools in cooperation with Professor Peter Filzmoser and Radostina Kostadinova enabling fraudsters to be identified with a high degree of reliability. In this way, the music industry should become more transparent and fairer.

Nermina Mumic of the Institute of Statistics and Mathematical Methods in Economics of the Vienna University of Technology has analyzed huge data records with more than 100 million individual observations from the music industry. The result of this research work is a tool to combat fraud which could revolutionize the music industry. Original data from the music industry was manipulated on a trial basis in order to test the new statistical tools. “Our software detected more than 92 percent of the cases of manipulation”, says Mumic. “This is an extremely good rate and we believe we can improve it even more.” The only possibility to outsmart the software would be an agreement on the part of all music providers across the globe to falsify all data in a precisely aligned manner, and this is extremely unrealistic. 

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • AAIC - Applied Artificial Intelligence Conference

    24.05.2022 - 25.05.2022, Online

  • Connect Day

    31.05.2022, Wien, Österreich

Austria Map

Find the perfect location for your company

One of Austria's key strengths as a business destination is its highly qualified and motivated skilled workforce for research and development, especially in the scientific sector.

Nestlé Austria

Logo
More testimonials

news from the business location Austria

SAP Innovation Award 2022 granted to a software for energy communities

Each year SAP honours innovative software solutions through its renowned SAP Innovation Award. This year’s winners from the energy sector not only include the major players such as Netze BW GmbH, Avangrid, Engie and Bbox, but also a consortium in the DACH region which is pressing ahead with the energy transition on the basis of energy communities. It consists of the Swiss software producer Exnaton, the German SAP integrator best practice consulting and the Austrian utility Energie Burgenland.

The New Business Support Act
(Neugründungs-Förderungsgesetz - NeuFöG)

The New Business Support Act was translated to English. Read about the most important changes or get the entire translation.

More news All blog posts