Viberate offers a comprehensive way to rate artists and labels

A new analysis platform called Viberate has just launched as the most powerful and comprehensive statistical tool for the electronic music market.

Using information with over 5.6 billion data points pulling from social media, streaming stats, music sales and events, Viberate has the potential to settle the ongoing argument of who are the top ranked industry figures.

The program rates artists, music labels and venues in four categories: Love, Music, Party and Respect.

The Love category spotlights through the audience of venues, artists and labels, determining the positive feedback levels of each with social media and streaming engagement. Music ratings measure the performance of content and the Party division cites how much an event can affect artists and venues through following show calendars.

Viberate's most intruiging category comes in with Respect, a classification that can mean more to a musical outlet than any popularity contest. Respect ranks how labels, artists and venues influence each other and therefore the music industry. The analysis system evaluates how being involved with certain camps can affect ones career or brand and how respected each is in the community.

The platform, which was partly founded by techno boss UMEK, is currently live as an open beta and is free with the option of premium upgrade.

Sydney is Mixmag's US Digital Content Editor. Follow her on Twitter here