Mumbai: Ormax Media has announced the launch of a new audience analytics tool, Ormax Televate. It is designed to help TV channels in achieving viewership growth by identifying a focused and consumer-centric strategy based on insightful data on parameters built through Ormax Media’s 13 years of work in the television industry in India, said the media consulting firm in a statement on Tuesday.
"TV channels make various efforts in the areas of content, marketing, branding, distribution, acquisition, etc. to increase their viewership. However, these initiatives are often like hit-and-trial, and a lot of time and resources are spent on activities that may have incremental value at best," stated Ormax Media founder & CEO Shailesh Kapoor. "Ormax Televate will use consumer data, advanced analytics, and our deep expertise in the television domain to help channels identify the most critical aspects of their business that must be fixed from a viewership perspective. These are the only things that the leadership team should spend their time on."
Ormax Televate has two stages and it currently covers the urban Indian market, addressing 157 channels in the industry in 36 genres across languages. The tool is available for GEC, films, news, kids, music, and infotainment genres across all major Indian languages.
In the first stage, a TV channel commissioning a project will get access to syndicated data that maps their channel and its competition on strategic parameters related to awareness, brand performance, and category needs. Making use of its extensive body of work, Ormax Media has identified 172 viewership barriers that channels may potentially face. With the help of an algorithm up to 15 barriers that are most relevant to the channel in question will be identified.
In the second stage, strategic analysis, content and brand analytics, and qualitative research will be used to identify three priority areas that the channel must focus on to increase its viewership. For each of these areas, Ormax Televate will recommend a specific and actionable plan.
“TV channels conduct a lot of ongoing consumer research to build their consumer understanding, over and above the rating data available to them. However, this often leads to data overload where there’s too much information available but very little clarity on how to process and action it," said Ormax Media – partner Keerat Grewal. "Ormax Televate is an audience analytics engine that cuts through this information clutter to identify three priority areas a TV channel must focus on to achieve sizable viewership growth while laying out a detailed strategic roadmap for each of them."
