Introduction with Sports Analytics & Business Intelligence
August 29, 2024
Sports analytics is the use of data analysis and statistical techniques, such as, machine learning, to evaluate and improve the performance of athletes, teams, and organizations in sports.
It involves collecting and analyzing data related to various aspects of sports:
Machine Learning (ML) algorithm allows computers to learn from data and improve their performance on tasks without being explicitly programmed.
How Does It Work?
Season Ticket Renewals—Likelihood to Purchase Again
e.g., 69% of fans in Tier 1 seats who said on the survey that they would “probably not” renew actually did.
The types of questions for fan analytics would be:
Run or Pass in the Next Play
Run or Pass in the Next Play
\[ PM \,=\, (\text{Number of his team's goal}) \,-\, (\text{Number of opponent team's goal}) \]
The player “plus-minus” (PM) is a common hockey performance metric.
The limits of this approach are obvious:
Here, we instead use machine learning methods to analyze how likely making a goal is associated with whether or not a player is on the ice.
The data comprise of play-by-play NHL game data for regular and playoff games during 11 seasons of 2002-2003 through 2013-2014.
There were 2,439 players involved in 69,449 goals.
The data contains information that indicates:
Peter Forsberg
Sidney Crosby
Business Intelligence (BI) is a process that involves the collection, integration, analysis, and presentation of business data to support better decision-making.
How Does It Work?
A dashboard is a visual display of key information, data, and metrics, presented in a way that is easy to read and interpret at a glance.
Dashboard Examples:
Informed Decision-Making: ML and BI provides insights from data to support strategic and operational decisions.
Performance Monitoring: Tracks key performance indicators and metrics to ensure goals are met.
Data Visualization: Transforms complex data into easy-to-understand visual formats like dashboards and reports.
Operational Efficiency: Identifies inefficiencies and areas for improvement within business processes.