Nowadays, you can find the influence of economics in your favorite sports. The sports industry is using data and research to evaluate players, strategies and even leagues that are particularly driven by the rise of game theory in economics as game theory in sports industry uses models to figure out optimum strategies like what kind of Baseball pitches to be made or whether American Football teams should pass more. Some teams hire economists to solve specific strategic problems. The rise in sports economics is continuing as the data gets better and teams compete for a strategic edge. Want to know more about sports economics, visit: http://theconversation.com/how-and-why-economics-is-taking-over-sports-88574

In the gambling industry, the house with most information wins the game. And it’s no wonder that Big Data is changing the world of gambling. Betting firms are now making extensive use of Big Data and analytics to manage their business and stay at the apex of the game. Big Data services empower gamblers by giving them more information and helping them to plan strategies more effectively. Big Data is also transforming sports gambling. With lots of data to collect and analyze, sports organizations are using it to study players and their tactics. Gamblers are now using Big Data as a way to get the odds in their favor and this has led to the growing popularity of fantasy sports betting. Gamblers are not only using Big Data for their games but also to improve their marketing efforts for example the casinos are analyzing customer data to develop personalized marketing campaign. Read more at:https://channels.theinnovationenterprise.com/articles/how-big-data-is-changing-the-gambling-world

Nowadays, analytics is a key factor in sports industry. Analyst is part of any team whether it is a baseball team or an international soccer team. Yet, some sports team does not appreciate the value of analytics in the sports industry. Lloyd Melnick (CEO of fiveonenine games), in his article writes about some lessons on how sports teams use analytics that are relevant to all businesses which Davenport (Author of the book: Competing on Analytics) concluded. To know more about these lessons, follow: http://lloydmelnick.com/2014/09/04/lessons-from-sports-analytics/

Analytics and big data are on the verge of scoring major points in sports. The following are eight ways data analytics can improve efficiency, accuracy and profitability in sports:

• Better Precision in the Strike Zone- In baseball, Pitchf/x technology from Sportvision has been set up in Baseball Stadiums to have a track on pitches.

• More Resources for Analytics Buffs- Statistic enthusiasts have a series of websites they can visit to see different aspects of specific games and plays.

• Data From Wearable Technologies- Adidas has a system called miCoach that works by attaching a wearable device to the players's jerseys to gather data.

• Live on the Field Data Collection- A Company; SportVU has six cameras in each NBA arena which gather data on the movements of the basketball 25x per second.

• Predictive Insight into Fan Preferences- Analytics can advance the sports fans' experience as teams.

• Career Opportunities for the Blended Sports Fan and Numbers Whiz- Bryan Colangelo, former president of the Toronto Raptors, says "There are mountains of opportunity in analytics now"

• Influence Coaching Decisions- Data analysts could help to transfer the most requisite data sets to coaches for better outcomes on the field.  Read more at:

http://www.cio.com/article/2377954/data-management/8-ways-big-data-and-analytics-will-change-sports.html