Do people STILL buy Museum Tickets?

Last week I had the privilege of attending Vienna Contemporary, a modern art fair with a love for technology. Oveit was a part of the CultTech hackathon and we won the innovation award for cultural institutions ticketing </humblebrag>. By being a part of the hackathon we were able to get insights from one of the largest and most beautiful museums in the world: The Kunsthistorisches Museum, home of one of the most exquisite art collection. Here’s how we’ve found that people still buy museum tickets:

If you’ve visited Vienna but somehow missed the museum, don’t worry, you are not the only one. As we gathered some data we’ve noticed that even though the venue is the third most popular thing to visit in Vienna, its number of reviews were slightly off:

Source: Tripadvisor

Source: Tripadvisor

So what is happening here? Why does KHM have 4 times less reviews than the Schonbrunn Palace?

We did a little digging and found some interesting things. And by a little digging I mean analyzing over 3200 reviews using Natural Language Processing (buzzword for using algorithms to sort through text data – we do a bit of that around here).

Here’s what we found:

People love going to the museum for different reasons. But they do love going to the museum.

We’ve got our first insight when we visited the museum (surprising, right?). There’s no algorithm to express the feeling of seeing people immersed in the works of art. Or children having fun by looking at a statue, a Bruegel painting or a crocodile mummy. Yes, they also have that.

The second clue was when we discussed with Florian Pollack, marketing and communications manager for the museum. He mentioned that many tourists would, unfortunately, miss the museum while visiting the Museum of Modern Art or the Natural History Museum. But those that visited the museum were in fact “overwhelmed and impressed” by what they have discovered.

So we decided to test that. We analyzed the review data and found this: the data showed people loved the museum. Ticket buyers where the best evangelists the museum had. We noticed a 96% positive sentiment among those that reviewed their visit to the museum.

Where are the museum ticket buyers coming from?

We digged through data and noticed that most of the museum visitors that reviewed their visits were not coming from Vienna. They were mostly tourists:

khm-interests

Top three cities that buy museum tickets: London, Vienna, New York. However, the long tail was quite long, we noticed. People came from all around the world and they loved their experience. So what exactly where they more interested in?

What are people most interested in when visiting a museum?

By analyzing the data we noticed some things popping up here and there. In case you are thinking about visiting the museum, here’s what the hot topics are:

khm-interests

Art: people were interested in the art collection, the art works, art history and art gallery. Basically – people are going there for the art.

They were mentioning the audio guide as a great resource and among the most interesting works where the coin collection, old masters works, Gustav Klimt’s work as well as Pieter Bruegel’s.

By the way – here’s one of the museum’s most treasured works of art, the Tower of Babel, a classic painting by Pieter Bruegel:

“Well yeah, but that’s just one museum, what does your data say about others… or maybe you don’t have any?” Yeah, we thought you might say that so we went ahead and studied some other museums you might have heard of:

The Metropolitan Museum in New York

The Van Gogh Museum in Amsterdam

The Rijksmuseum in Amsterdam

These three museums had a combined 68211 reviews so this turned into a bit more than a side project for a blog post.

Here’s what we’ve found, starting with the Rijksmuseum in Amsterdam :

Visitors to the Rijksmuseum love the Night Watch, Rembrandt, Van Gogh, the gift shop and the coffee shop. Oh, and they want to buy museum tickets online.

The Rijksmuseum hosts more than 8000 works that tell the story of 800 years of Dutch history so visitors’ opinions were quite different. However, some common threads did pop up on our research.

London is again on top of our list of most reviews locations. Number two is Amsterdam, an obvious choice as most visitors are bound to be locals. The third spot: New York, New York. But look at number four and five: Sidney and Melbourne, all the way from Australia. If flying on the other side of the planet is not love of art, I don’t know what it is:

rijksmuseum-visitors

Rijksmuseum visitors love The Night Watch and they love Van Gogh

While studying the reviews we noticed (it was kind of hard to miss it) the most loved item in the museum’s collection: The Night Watch.

1106px-The_Nightwatch_by_Rembrandt

Source: Wikipedia

The painting, a work by Rembrandt van Rijn from 1642 is famous for three things:

  • its size (363 cm × 437 cm / 11.91 ft × 14.34 ft)
  • the light and shadows
  • the perception of movement

The work was finished in 1642, when the Dutch Golden Age was at its peak. That’s why you will see “Dutch Golden Age” as one of the hottest topics.

If you wanna get a preview of the painting, before deciding on whether you should visit the museum, the Rijksmuseum has all the info ready for you to preview. Fun fact – you can also see Obama visiting the museum and its most famous painting, in the preview page.

Van Gogh – One of the most famous painters in the world, partly hosted in the Rijksmuseum. Many visitors listed Van Gogh (as well as its close relative “Van Gough” 🙂 ) in their reviews. The reason is one of the most well-known self-portraits:

vangogh-rijks

But these are not the only reasons people buy tickets to museums such as Rijksmuseum. Here are some of the other terms we’ve noticed:

  • art work
  • art museum
  • art lover
  • art gallery

Basically they love art. But they also love some of the other things the museum has to offer, and I might say that The Rijksmuseum is quite an avantgarde museum, building experiences around its works of art. People also come there for the high-quality audio guide, the wonderful gift shop and its coffee shop.

Before they visit they are interested in the entrance fee, buying tickets online and the museum member card. So if you manage a museum – you might take note of this.

PS: the ground floor is THE place to be. Here are the hot topics:

rijksmuseum-topics

Visitors who buy museum tickets to the Van Gogh Museum = Rijksmuseum visitors. But they are looking at different things.

It’s probably no surprise that people who visit the Van Gogh museum are looking for Van Gogh artworks. But they are also interested in its life story, very interested in the gift shop and disappointed by not finding the “Starry Night” (it’s at the Museum of Modern Art)

starry-night

Not pictured above: one of the artworks in the Van Gogh Museum 🙂

Visitors are also interested in the gift shop and buying tickets online. So that topic again.

For a more extended interests list have a look below:

van-gogh-interests

PS: get ready for the long lines:

long-lines-van-gogh

The Metropolitan: visited by New Yorkers, Brits and Aussies. Main point of interest: Frank Lloyd Wright, Andy Warhol and the Costume Institute

Unlike the previous museums, most reviews come from New Yorkers. By far:

metropolitan-locations

Hard to see? let’s turn shift the perspective a bit:

met-visitors

As you can see most reviews come from New Yorkers, followed by visitors from London and then Sydney and Melbourne. Apparently, EU visitors are not really interested in visiting The Met, and if they are, they are a bit shy about it.

Regarding the interests, you will find that people who buy museum tickets to the Metropolitan Museum are interested in:

and more:

metropolitan-interests

Regarding the overall feeling, I would say visitors were overwhelmed. Attributes such as great, wonderful and huge were used to describe the museum:

met-museum-feelings

So – that’s the end – four great museums and 65 000 reviews later I can surely say that people do buy museum tickets. Each museum has its own stars and people are attracted to these culture stars. Visitors love to spend time enjoying the museum experience and they want to purchase mementos of these visits. They are interested in buying their tickets online, spending enough time within the museum and enjoying unique works. Oh and by the way: it helps to have a cafe.

AI Events – stats and intelligence on Artificial Intelligence events

We love AI here at Oveit. We see great potential in using Artificial Intelligence to solve real-world problems. That’s why we have set up a special program for AI event organizers (basically free Oveit usage for AI events).

But we went a little further. We wanted to know what makes a great AI event great. So our data science team did a little data digging and here’s what we found:

AI is already a global phenomenon. AI events are popping all over the world

We used Facebook’s events API to search for the most popular AI events and the things we’ve found are astonishing. You would expect AI events to show up in hi-tech areas, and they do. But they also show up in parts of the world where you would really not expect.

For example, the data gathered between the 10th and 14th of September shows the most popular AI event was hosted in Lima, Peru, followed by an event in Vilnius, Lithuania. And this brings us to our …

Top 10 most popular AI events

We selected the most interesting AI events and decided to see which is more popular, in terms of people attending.

Here is our top 10:

10. Artificial Intelligence with McKinsey & Company is presented by McKinsey and NOVA Aarhaus University and features topics such as processing natural language, recognizing patterns, and decision-making.

9. Startup Weekend Artificial Intelligence Mexico City, organized by TechStars’ Startup Weekend community. You will notice that this is not the only Startup Weekend entry in this list which goes to show just how influential TechStars is in the growing AI startups community.

8. The Artificial Intelligence Conference SF, organized by O’Reilly Media. An awesome line up of AI scientists, startup owners, and VC’s. This conference is the perfect mashup of technology, science, and startups, in the best spot on the planet for innovation to develop: San Francisco.

7. Life 3.0: Being Human in the Age of Artificial Intelligence is an event organized by the Centre for the Study of Existential Risk at Cambridge. Yes, you’ve read that right: Study of Existential Risk. The topics are covered by Max Erik Tegmark, a professor at the Massachusetts Institute of Technology and co-founder of the Future of Life Institute.

Now, this is where things get really interesting. The Future of Life Institute was co-founded by prof. Max Erik Tegmark. However, the institute lists among its scientific advisory board some well-known people: Stephen Hawking, Elon Musk, Stuard Russell and yes… that is right: Morgan Freeman and Alan Alda. Definitely worth attending.

6. Bayesian Networks—Artificial Intelligence for Research was an event organized in San Francisco by the great people at BayesiaLab. The free seminar focused on using bayesian networks for aspects where data is scarce. Unlike Deep Learning and other machine learning techniques, bayesian networks can work great with “Small(er) Data”. It seems the event caught the attention of its intended audience: Bioinformaticians, biostatisticians, clinical scientists, computer scientists, data scientists, decision scientists, demographers, ecologists, econometricians, economists, epidemiologists, knowledge managers, management scientists, market researchers, marketing scientists, operations research analysts, policy analysts, predictive modelers, research investigators, risk managers, social scientists, statisticians, plus students and teachers of related fields.

5. Scientific Controversies No. 12: Artificial Intelligence was hosted by Pioneer Works, ‘a cultural center dedicated to experimentation, education, and production across disciplines’, in Brooklyn, US. The topics discussed were machine consciousness, willfulness and whether when such aspects arise would we be able to understand the newly silicon sentient beings. Pioneer Works Director of Sciences Janna Levin invited Yann LeCun, Director of AI research at Facebook and NYU professor, and Max Tegmark, Director of the Future of Life Institute and MIT professor to discuss these topics.

4. Startup Weekend Montreal – Artificial Intelligence – a Startup Weekend / Techstars event that gathers the AI focused community in Montreal. As stated by the event organizers: “Startup Weekend is a 54-hour competition designed to provide an amazing experiential learning opportunity for AI enthusiasts, developers, designers, and business-minded individuals to come together to create a business.”

3. LDN Talks The Future of Artificial Intelligence, hosted by Prof. Nick Jennings, Vice-Provost (Research) and Professor of Artificial Intelligence at Imperial College London. The event tackled the topic of computers and humans working together, especially now as computers are able to manage ever more complex tasks, due to new advancements in AI and hardware.

2. Artificial Intelligence Group Meetup happens in Vilnius, Lithuania and is powered by Rise Vilnius, a tech hub with offices all over the world, together with Baltijos pažangių technologijų institutas. The great guys at Rise Vilnius were kind enough to post a video on this first meetup, for those not able to make it to the meetup:

1: Startup Weekend Artificial Intelligence Lima – a startup event focused on AI, organized by StartupWeekend in Peru, which is itself powered by TechStars, a worldwide network of tech entrepreneurs. More info and registration options on the event can be found on the event’s website.

What are the hottest topics around AI events?

So you’ve seen the hottest events right now. But how about the topics discussed within these events? Well, we did a little more research and searched for the hot buzzwords and the most interesting topics discussed. Here’s what we’ve found:

The most important topics discussed within AI events:

ExpressionNo.
0artificial intelligence60
1machine learning26
2startup weekend26
3knowledge discovery22
4big data13
5networks—artificial intelligence11
6knowledge acquisition11
7software platform11
8knowledge modeling11
9bayesian networks11
10network paradigm11
11expert knowledge modeling11
12digital marketing10
13complex software10
14star trek9
15bridge crew8
16computer science7
17science fiction7
18ibm watson7
19ibm ’7
20deep learning6

And if you want to see the distribution in a graphic format, have a look below:

AI events topics

As for the most popular words, here they are:

ai_hot_words

We really hope you’ve enjoyed this post and if you find it easier, add a comment below on another type of events you might want to get new insights on.

Event ticketing in Netherlands with iDEAL

Are you planning a paid event in Netherlands? You are in luck because we have integrated iDEAL payments with Oveit. Not only that but Oveit is now available in Nederlands as a localized interface. You now have access to our easy to use app for event ticketing in Netherlands as well as the most popular electronic payment method in the region.

In the past years the Netherlands epayments market has seen a spectacular growth in the adoption of the iDEAL payments system:

chart (1)

Source: iDEAL

As this adoption will probably continue, we have decided to integrate iDEAL through Stripe Sources for event planners in Netherlands. As with all other payment methods supported by Oveit, registration payments go directly to your account.

With Oveit you have instant access to the tools you need to build your fantastic conference, cultural event or festival. You can get started right now by registering and selecting iDEAL in your account, under Billing > Payment methods.

Oveit provides you with an easy way of registering attendees directly on your own website by just copying and pasting an short embed code. Your embed widget an be customized to fit your branding:

Access control is easier than ever with our mobile apps for both iOS and Android. Ticket scanning and data sync is done automatically so you get real time reports regarding attendance and checkins.

Our event ticketing app is great for access control but with Oveit perks you can prepack more than just an entrance to the event:

Create Conference Badges

If you think this is a good fit or your event – be sure to check out the other features you get when using Oveit. We hope you build a wonderful experience for your attendees.

Free event management app for AI events

At Oveit we believe in the promise of Artificial Intelligence and its revolutionary power. As Andrew Ng mentioned, AI will transform healthcare, transportation, entertainment, manufacturing, just to name a few and it will improve the lives of many, many people.

The AI revolution is not powered by algorithms, big companies or VC funds. It is powered by a community of passionate researchers and scientists that believe in a better future, one where we all can be free from unfulfilling work and free to pursue dreams and passion.

free event management app for AI events

Alex Knight

We also believe that collaborative events such as conferences, workshops, meetups and congresses are great ways for the AI community to meet and work together and pursue common goals.

Oveit is a software startup founded on two principles: fusing communities and helping build a better future through the events we support. AI events resonate with this vision.

We think it is our duty to support upcoming AI scientists and researchers and most of all – those that bring them together through their events. That’s why we have decided to offer any event planner that hosts AI conferences, workshops and meetups free usage for Oveit for a 12 month period. Yup, that is correct: a free event management app for all AI event planners.

If you are planning an Artificial Intelligence event and you need an event management software for registration, payment, access control or others, just ask for your free account.

All you’ll have to do is send us an email at contact [at] oveit.com with a few details about your event (topics and date) together with the email you have used to register on Oveit. Afterwards – you can use your free event management app for the next 12 months. By the way – there are no strings attached.

We sincerely hope you will find our tools useful and we thank you for your effort in building the AI community.

Customer lifetime value for Events – How to improve it?

What is customer lifetime value and how important is it for your events? Let’s find out:

Quick question: what is more important for you: attracting new event customers or making sure the ones you already have stay happy and enjoy a nice experience?

happy

Photo by Tanja Heffner on Unsplash

Though there is no absolutely right answer I would rather choose the latter. And there’s many reasons to do that.

Better experiences for existing ticket buyers means more loyal customers. More loyal customers mean better word of mouth exposure. More exposure means new customers.

Areas most likely to increase Customer Lifetime Value

Areas where increase in CLV can be expected. Read more on Econsultancy

So you see – there is no real choice between the two. It’s just that you need to take a customer lifetime value approach to managing your event business. By taking the long term approach to building your event brand, you choose the winning combination of increasing customer base AND improving customer loyalty and experience.

What has been coined as the “customer lifetime value” is a metric that shows in fact two things. A. you value your customers and want to keep them as loyal as possible and B. you’re thinking long term rather than short term. If both A and B apply to you that means you are probably in for a long carrier in the event planning business.

How do I know my event’s customer lifetime value?

Simply put the lifetime customer value is pretty simple to express. It is the total revenue your company will receive from a representative customer throughout your total business relationship. That means everything your customer has paid so far and what he or she will spend in the future with you.

Now let’s just stop right there. Do you spot the two main issues?

One is the fact that there is no such thing as a representative customer. Each of your customer has individual habits so you must at least split your customer base according to specific attributes and spending habits (these are called cohorts in retail analytics but we can just stick with groups).

The other main issue is that unless you have some special ability unknown to all of us other mortals, you are not really able to look into the future. What you can do is look back at your event attendees’ purchase history and try to come up with some sort of estimate for the timeframe you expect your customer to remain loyal to your events.

These are the two basic elements used to improve customer lifetime value. One is segmentation and adapting needs to specific groups and the other is improving the total customer lifetime.

Segment your audience and adapt to your attendees

You know what makes a great music festival great? The fact so many seemingly diverse things seem to fall right into place. It’s those tiny details that seem personal to different groups.

But to do this festival planners, large conference planners and others have to take into account both similarities and differences between attendee groups. They have to create specific content for specific audiences, usually split among stages, seminars or multiple experiences.

This way they can increase the event size and revenue, whereas at the same time they make it enjoyable for everybody. By targeting individual needs and structuring specific experiences for similar groups they are able to create intimate experiences enjoyed by large masses.

Extend your customer lifetime through personalized experiences and marketing

If you can understand what makes your customers enjoy your events using segmentation, you can also personalize your communication and the experiences you are building.

There are many tools out there that help you segment your communication strategy. Facebook (Custom Audiences) and Google both have remarketing options that allow you to display specific messages to specific audiences.

Improving customer lifetime value

An example of how can CLV be extended in sports events. Extract from Managing Sport Facilities and Major Events: Second Edition 

Even direct marketing tools such as MailChimp provide off the shelf segmentation tools. They range from simple to advanced and you can fit right in your sweet spot. And yes, email marketing for events does work.

What about in event customized experiences? That’s easy to do with NFC wristbands and we can help you with that. Based on your previous interactions with you attendees you can create personalized perks and interactive experiences.

You can allow you loyal event goers access to specific areas (such as the VIP lounge or the backstage). You can direct them to curated experiences and you can just as well create personalized goods that can be handed when your attendees arrive at the registration. Such a personalized approach can make your customers feel valuable and cared for.

What other ways to extend customer lifetime do YOU use? Please share your answer below: