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Media Entertainment Tech Outlook | Thursday, April 07, 2022
Sports are being transformed by technology, including live-tracking performances, perfecting athletic moves, improving communication, and nearly eliminating injuries.
FREMONT, CA: While technology improves at a breakneck pace, it's puzzling that many businesses continue to rely on outdated technologies. For decades, technology in sports has been primarily focused on physiological testing breakthroughs like GPS tracking and health parameter monitoring.
There is a growing belief that the sports industry is on the verge of a new generation of creative technology advances.
Athletes Empowerment: Since the inception of professional sport, clubs and agents have been free to use athletes as chess pieces, determining who goes where. While agents can be highly advantageous to athletes, many athletes lack control over their work, frequently being shifted between organizations, missing out on brand or sponsorship opportunities, and generally stagnating their professional development.
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Increasing Fan Interaction: Supporters are essential to the survival of sports. As a result of the Covid-19 outbreak, fan contact has become increasingly complex over the previous 18 months. For teams in all leagues, re-engaging fans in live sports is a fundamental objective. Before the epidemic, companies focused on enhancing fan contact experiences to persuade fans to leave the couch and travel into the arena. Each live event presents something more than the game itself, from food delivery to seating to the design of custom games with prizes.
Today's fans are not limited to consuming sports through cutting-edge technology. They're going above and beyond to honor firms that excel at providing a technology-enabled experience. Modern technologies enhance the fan experience, which results in higher levels of engagement.
Making Use of Real-Time Data: Data analytics and on-field data tracking have altered the world of sports. Indeed, the global sports analytics market was valued at $885 million in 2020 and is predicted to expand at a 21.3 percent compound annual growth rate between 2021 and 2028. For several years, the coaching staffs of professional NFL and NBA teams have utilized cutting-edge technology to capture real-time data during training sessions to improve player performance.
Additionally, a few clubs have begun incorporating real-time data into their games. Players are equipped with sensors that track their heart rate, distance traveled, and reaction times. Players can avoid injuries during games by utilizing obtained data, and the same data can be used to deliver insights for coaches to help them improve future training sessions or live games.
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