The sport business analytics process generally involves data collection, management, visualization, implementation and evaluation. Sport business organizations are encouraged to focus first on clearly defining business strategies, goals and objectives before developing a data-driven initiative or staffing an analytics department. Next, organizations need to identify the data systems that will be used to collect and capture data. For example, a sport team could leverage ticketing and point-of-sale software systems to monitor season ticket holder accounts and concessions sales.
November/December 2012 Evaluation of performance: Evolution of the official box score. The evaluation of performance in basketball analytics parallels the application of methodology utilized in the analytics of genomics. By
Analytics are becoming a critical asset for professional sports teams, as sports increasingly become a technical and scientific business. Like any commercial organization, the Leicester Tigers – nine-time champions of English rugby union’s Premiership and two-time European champions – are faced with challenges around growing and retaining talent, measuring performance, optimizing tactics and detecting risk.
It has been an eventful off-season for many Major League Baseball (MLB) teams as they frantically examine opportunities to improve their rosters, including many that require significant financial investments. In particular, the Los Angeles Angels of Anaheim lured free agent Albert Pujols away from the St. Louis Cardinals with a 10-year deal worth over $240 million, while the Detroit Tigers won the bidding for Milwaukee’s Prince Fielder with a nine-year contract valued at $214 million.