Join Wayne Winston for an in-depth discussion in this video On the importance of analytics, part of Wayne Winston on Analytics.
I think the answer to this question depends on the benefits…you derive from analytics versus the cost of performing the analytic analysis.…So, let's take some sports examples on this.…So you may be familiar with the MIT…Sloan Conference on Mathematics and Analytics, and Sports…that's run by Daryl Morey who's the head of the Houston Rockets as an NBA from MIT.…And it used to be a couple of NBA teams came to this, and almost…nobody from other sports.…A few people came to this conference, and now…it's like 5,000 people that come to this conference.…
It's really mushroomed.…because people see there are a lot of benefits to be obtained…from analytics in sports, and the cost is not all that high.…Let's look at baseball.…Now, baseball, the benefits from analytics are…much higher, I believe, than other sports.…Now, why is that?…because basically, baseball is pitcher versus hitter.…It's an individual game.…Basketball and football are basically team games, and it's hard…to decompose basically, the effect, the effect of a player.…
- What is analytics?
- Predictive vs. prescriptive analytics
- What do you need to know to become an analytic professional?
- Looking at examples of good and bad metrics
- How mobile devices will shape analytics