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SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

The concept of distance metric

Multi-task metric learning was introduced by Caruana in 1997. The performance is improved by considering multiple learning tasks and sharing information with other tasks. The metric is used as a measure of similarity or dissimilarity and there are various distance metrics such as Euclidean distance, cosine similarity, Hamming distance, etc. there are various evolving challenges in obtaining training data set which has become a costly process. To overcome these problems multi-task has to be introduced. This article includes the basic concepts, strategies and applications of metric learning.

To learn and know more please refer this link:

https://link.springer.com/article/10.1186/s41044-018-0029-9 

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predicting the right kick

Statistical analysis is being used extensively in all sorts of sports now-a-days. However the growth of analytics in soccer has been quite slow, mainly because of its orthodox nature. Hence, enters Thomas Bayes’ famous theorem, the Bayes’ theorem, according to which, the chances of an event taking place, is updated, by integrating the former chances of its occurrence and the new information that might affect its prospect. The Bayes’ theorem completely encourages the use of analytics to revise our perspectives regarding players and teams. Stats refer to raw data collected from each match regarding both the individual player’s performance and the performance of the team as a whole. Analytics manipulates this data, thereby extracting the desired information, which helps in predicting future game scores. Read more at:

http://www.sportsnet.ca/soccer/soccer-analytics-premier-league/

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World cup 2014:the most hi-tech ever

 

World Cup 2014 is scientifically more advanced. The world has advanced in every feature so does the sport. It is the most scientifically sophisticated football tournament. The referee has used a spray to draw circle around the ball when a foul is committed. The line or the circle vanishes after sometimes, it is actually the water-based substance used to create the foam. Three processor image cameras used to determine the objects and do all the work of tracking real time data .This help to find out how many miles a participant runs and the velocity. It also track the ball location. The fans are also benefitted along with players from these advances. other technologies such as goal line technology, some hi-tech cameras to arrest the actions closely, the official page World Cup FIFA app, boots made from man-made resources, advanced football kits. Read more at: 

http://www.socialmediatoday.com/content/experience-most-high-tech-world-cup-ever

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Predictive analytics helps to pick up the winning team of Fifa WC 2014

An investment banking firm  has developed a ‘stochastic model’ its predictions to generate distribution of results for the each of the 64 matches to be played during WC.The predictive model is part of the the World Cup and Economics 2014. Stochastic modeling is used to forecast outcomes, even in the field of sports. This mathematical model predicts the probability of outcomes. According to the model, predicting the outcome of the WC is based on predictions for each match on “regression analysis”. This analysis used 14,000 observations to approximate the coefficients of its model. The dependent variable is the number of goals attained by each team during a match. Based on this analysis Brazil fares as the winning team. The next are Argentina and Germany, but these two teams have inferior probability. Read more at:

http://blog.arekibo.com/world-cup-2014-the-use-of-analytics-to-predict-the-winning-team/

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Big Data goals fantastic in football

Big Data has joined the crowd of millions with the fever of 2014 FIFA World Cup on. Much like the social media, marketing, advertising- big data has become important. With a whooping figure of 3.2 billion people who watched the last World Cup, this year the figure is expected to explode even further. Ronaldo's Nike shoes ad is one of the example to illustrate the growth and potential of online videos. It was seen online by 78 million people before it appeared on TV. 12.2 million tweets about the 'first-match' all during the hours match was played, depicts the social captivity of the universe. An event of this magnitude is likely to generate Big Data. The 2014 World Cup is so big that it is expected to have a negative impact on the economy of Brazil, as "major Brazilian cities have the power to grant local public holidays on the dates that World Cup matches are played". Read more at: http://www.infinitive.com/category/big-data/

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Soccer World Cup 2014: Social Media strategies and war among the brands!

The ongoing World Cup is expected to see most Social Media mentions of any sporting event. Since June 2013, there have been 19 million social mentions including the phrase “World Cup”! Soccer is the most popular sport in earth and social media is the creamiest option for fan & follower interaction and debate. However, for business houses, it is also the right time to explore this hype to turn the tides in their favour. With proper social media strategy, this world cup fever can help you reach 230 countries! According to FIFA secretary general Jerome Valcke, FIFA will earn $4bn (£2.3bn) in revenue from this tournament – ten per cent more than last time. About $1.4bn (£837m) will come from sponsorship deals, the balance from TV rights. Much of that increased investment will go into content and social media. "They will certainly continue to use conventional paid-for media, but owned and earned media are occupying a larger share of the communications mix as brands increasingly become publishers in their own right during major cultural moments," says Martin. The brands are at war! Brands like Nike, pepsi, Adidas all are trying to bank on this social media interaction Tsunami and beat competitors. While brands have long been publishers in one way or another, the latest iteration of brand publishing using social media to engage and magnify the content is really only now coming to maturity. There is even a tenuous strain of thought that suggests the 2014 World Cup could mark the high tide of this approach. Nancy Smith, President and CEO of New York-based marketing consultancy Analytic Partners, says her company has examined billions of dollars of marketing spend and has come to very different conclusions. She said that “Budgets are increasingly stretched and social media are a very good way to extend those dollars. It is clear that owned and earned media are a must. We have found that owned and earned engagement has boosted incremental sales from paid marketing by two to six per cent. The average is about five per cent, although we have seen effects from social media for smaller niche companies as high as four hundred per cent”. The question remains open: Brands are going full throttle on their online channels for this footy frenzy but could the 20th World Cup be the high watermark for social media? To read more, visit the following link:

http://www.prweek.com/article/1297965/20th-world-cup-social-media-strategies-brand-war-rooms

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DATA MINING: explore possibilities! play hard! play soccer!

The numbers are coming in thick and fast but can big data and advanced analytics influence a team’s performance in the Soccer Premier Leagues?

Since the 1950s, when retired RAF pilot Charles Reep’s roughly-researched analytics led to the long-ball strategy, the football community has been enthralled by statistics. Today Premier League teams and their followers are being inundated with data as high-tech cameras capture every pass, dribble, free kick or touch of the ball while monitoring players’ xy coordinates every tenth of a second throughout the 90-minute match! What we call it as?

For more information check the following link:

http://knowledge.insead.edu/operations-management/beyond-moneyball-data-mining-the-premier-league-3155

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Recent Comments
Nitin Sinha
Well written man
Friday, 07 March 2014 11:25
SOHAM SRIMANI
Thank you maitree!
Monday, 24 March 2014 17:08
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