We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy.

croom new

Preferred Blog

Preferred has been serving the Tinley Park area since 1991, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Sports Franchises All-In on Data Analytics

Sports Franchises All-In on Data Analytics

Sports franchises have changed the way they use data to help them strategize. In the past, businesses used basic scouting to find and develop talent, but with the use of advanced analytics, not only can sports franchises improve their talent bases, they can save money and build a competitive advantage over organizations that aren’t so analytically inclined. 

Enhanced Analytics

The field of sports analytics combines statistical analysis, data processing, and predictive modeling to build competitive superiority. In fact, more and more teams are enhancing the way they view data as franchises that were at the forefront of this strategy have found success using them. Improvements in sensor technology gives teams the ability to measure anything to help with team construction, individual performance, and what sells the best at the concession stands. 

Data-Driven Decision Making

With data driving organizational decision-making, teams can identify metrics to help them get the most out of their investments. By creating key performance indicators an organization can make more informed decisions using objective data rather than subjective insights, often to the benefit of the whole franchise. 

Improved Player Performance Analysis

Advanced analytics replaces some of the more basic statistics that sports franchises depended on to track player and team performance like goals scored and batting average with more advanced algorithms and statistical data that is collected using IoT sensors that give team managers a more accurate representation of the product on the field. This helps players know what to work on and helps teams construct better game plans. 

The technologies behind these major analytical improvements can work to help you make your business better as well. From measuring individual employee performance to strategizing your sales and marketing improvements to using predictive analysis to improve your standing processes, data analysis can help any business be more successful. If you would like to learn more about how to use data to improve your business, give us a call today at 708-781-7110. 

Tip of the Week: Excel’s Auto Filter Will Make You...
Tip of the Week: How to Use Excel to Quickly Gener...
 

Comments

No comments made yet. Be the first to submit a comment
Guest
Already Registered? Login Here
Guest
Friday, October 11 2024

Captcha Image

Sign Up for Our Newsletter

  • First Name *
  • Last Name *

      Mobile? Grab this Article!

      Qr Code

      Blog Archive

      Latest Blog Entry

      Over the past few years, huge scamming operations have operated in Southeast Asia, and now they are spreading. These scams—known as pig butchering scams—cause serious harm, as in an estimated $75 billion worldwide in 2023. With these sorts of operations spreading, let’s go o...

      Latest News

      Best Places to Work - 5 YEARS STRONG!!

      Preferred is once again, honored for being a Best Place to Work for the fifth straight year!  Our team is what makes Preferred a Best Place to Work.  

      Daily Herald Suburban Business 2024 Best Places to Work Honorees The Daily Herald Suburban Business has announced the names of 51 companies, in 5 categories of competition, that are honored as the 2024 Best Places to Work in Illinois. This statewide survey and awards program was designed to identify, recognize and honor the best places of employment in Illinois, benefiting the state's economy, its workforce and businesses.