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Sports Franchises All-In on Data Analytics

Preferred Blog Technology

Vince Arden

Friday, September 08 2023

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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.

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About the author

Vince Arden

Vince Arden is the founder and President of Preferred Communication Systems. He is a graduate of DeVry University with over 30 years of experience in the IT industry. In addition to providing leadership in sales, marketing, project management, and service delivery at Preferred, Vince provides Virtual CIO-level services for the 4th-largest Realtor Association in the nation and to an Inc. 500 fastest growing company. He has been interviewed by industry publications like Redmond magazine, CRN News, and Continuum for his expertise related to cloud computing and the managed IT services industry. He also lends his voice as a contributing author for the Cloud Business Review.

His core purpose is to, "Help people achieve their greatest potential in work and L.I.F.E." He passionately works toward making this a reality in every aspect of life, including his areas of expertise, such as thought leadership, ideation, communication, team building, and Servant Leadership. Vince models building strong relationships, both with his team at Preferred and with his clients. He strives to build a network of people he can embolden to work smarter, so that they may ultimately be able to live better.

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