By Christopher D Amico from Berklee College of Music's Music Business Journal. Spotify announced in March the acquisition of The Echo Nest, the industry’s leading music intelligence company. The deal signals the rising importance of big data in the music industry. Founded by MIT Media Lab doctoral students Tristan Jehan and Brian Whitman, The Echo Nest provided intelligence to some of the world’s leading music services including Clear Channel’s iHeart radio, Rdio, SiriusXM, and social media networks such as Foursquare, MTV, Twitter, and Yahoo. This might change as the company moves away from being an open source platform, useful to...

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