The arts and entertainment industry doesn’t need any introduction as it remains one of the top industries in the world till date and is continuously growing and expanding. Arts and entertainment has been around as long as mankind, so it is without a doubt one of the oldest industries in existence. Some Challenges That Faces the Arts and Entertainment Industry;
Problem of loss of data the arts and entertainment industry is one of the industries that utilizes a lot of data. Because of single point of failure due to data being stored on centralized servers. The entertainment industry is so big that it is worth trillions of dollars combined. This can be a big problem in the arts and entertainment industry because all the data being stored on centralized servers can fail, causing loss of data which might not be recoverable. Data loss can be devastating and can lead to heavy loss of investments.
Security problems is also another problem that faces the arts and entertainment industry. The arts and entertainment industry operates on centralized systems which can be a point of target for hackers to hack their way into the system to steal vital information and data. Also, anything that is stored on centralized servers stand a high risk of hack. Hackers are becoming more and more advanced and can find a loophole to hack and steal vital information and data which can be used for malicious activities.
Privacy problems is also another major problem that faces the arts and entertainment industry. The arts and entertainment industry is all about transferring data, sending and receiving data from one device to another. Some information and data are meant be private and not seen by any third party. The sending and receiving data between devices that run on centralized servers can suffer from lack of privacy because the data that is transferred can be breached or hackers can expose those data for malicious activities.
High maintenance cost is also another challenge that faces the arts and entertainment industry. Due to the heavy data on centralized servers that are processing and storing large data and files, the cost of maintenance increases drastically. As more and more devices are sending and receiving data, the workload on the servers increases which requires more capacity to store and handle huge data.
Alteration of stored data is another major problem that faces the arts and entertainment industry. Some devices handles sensitive information or data, like in the other institutions etc. These data can be altered by highly technical hackers. This has become a big concern and can lead to heavy loss.
These are some of the challenges that is been faced in the arts and entertainment industry. Even though the challenges aren't pressing and is something that is being managed properly, providing solutions to these problems will do the industry a whole lot good and would even take it to higher levels. In the next post, i will be discussing some of the ways which blockchain technology can be used to solve some of the challenges that are faced in the arts and entertainment industry.