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Analytics Don't Ensure Competitive Advantage
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Re: Apples & oranges--ND
  • 4/15/2015 5:48:32 PM
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It's interesting to note "Finance is a world where private equity pros and investments bankers get paid no matter how well their funds perform." Putting analytics into sports guessing may or may not be the same. The analytics guys still get paid, it's just that if they're wrong, they may not last for another season.

Re: Apples & oranges--ND
  • 4/2/2015 12:04:51 PM
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@Broadway. I'm not much of a basketball fan (hockey is my preferred winter viewing). However, I'm amazed at how many of the traditionally competitive teams like Philly, the Knicks, Lakers, Boston and, more recently, Miami have been anywhere from terrible to marginal this year.

Maybe the best use of analytics these days is to figure out how to lose enough games to get that top spot in the draft.

Re: Apples & oranges--ND
  • 4/2/2015 11:37:24 AM
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I don't think we need to see a "championship" in basketball to prove analytics works for sports teams - at this point in the IoT maturity.  There is just not enough data points to measure - yet.  Analytic pros should be able to take a losing team and make them a respectable competitive playoff team for example - like the Houston Rockets.  Also, the ability to measure/understand the nuances in player behavior is difficult at best. Not to mention the lack of up to date health data.  So, we should declare victory when analytic pros helping sports teams are taking bad teams and getting them to respectable in short order.

Re: Apples & oranges--ND
  • 3/28/2015 10:13:15 PM
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@Terry, thanks for your comment. Unfortunately for your Lakers, according to the ESPN ranking, the Lakers count as a "nonbeliever" and rank pretty darn low: http://espn.go.com/espn/feature/story/_/id/12331388/the-great-analytics-rankings#nba-lal

Re: Apples & oranges
  • 3/27/2015 6:21:19 PM
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On reflection, sports should be the one industry that should naturally adopt analytics as a competitive edge.  Analytics is linked to operations, and the success of a team is dictated by its operation choices.  The personal variables certainly influence success.  But being able to take a team apart and build should allow analytics to be a natural complement. Analytics requires action, so if an action means rethinking how resources are used, an organiuzation should be open to it.  And sports teams lend to being adjusted through rebuilding.  But as Terry and this article suggest, reorganizing based on analytics is not an ace up the sleeve.

Apples & oranges
  • 3/26/2015 7:48:48 PM
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Sports has way more personnel variables (player performance, player health, team chemistry) than private equities. So while some of that discpline and numbers-driven management may carry over, there are lots of wild cards. All the same, best of luck to Mr Hinkie. Maybe their experience and good fortune will rub off on my hometown team, the hapless Lakers, and their coach Byron Scott.



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