Uploaded on Jul 13, 2022
When we say, Historical Data what comes to your mind? Multiple questions are formed, what it is? What importance does it hold and why do we need to discuss it?
Discussing the significance of Historical sports data
Click icon to add picture DISCUSSING THE
SIGNIFICANCE OF
HISTORICAL SPORTS DATA
https://datasportsgroup.com/
When we say, Historical Data what comes to your mind? Multiple questions are
formed, what it is? What importance does it hold and why do we need to discuss
it?
To make things simple first let's jump into the meaning of the term ‘Historical
data’ as the word suggests it is nothing but information related to past events
and can be related to a specific subject matter. Now it could have been collected
by organizations in the past manually now, the whole process may have shifted
to mechanically collecting historical data depending on the industry.
What is the significance of historical data?
Gathering day-to-day information can uncover trends and patterns and help in
understanding how the current circumstance in a better manner. And over a
period of time, it could even be used to predict the future.
While historical data has played an important role in analytics it is quite difficult
to collect relevant data and at the same time ensure it is of good quality. Historical
APIs have thus provided a solution as developers can easily add the historical data
to their projects. Using an API would help companies conduct more fruitful
historical data research.
Let us take the example of the sports industry, where historical data is viewed as
an asset it is. Multiple organizations and companies are heavily dependent on
historical data of past played games and the team members run their own
projections on the data.
More specifically, fantasy sports and sports betting apps and websites benefit
from historical data. The range of data could be from years, decades, or in other
industries, even century old data might still be relevant in research.
How can one use APIs to get access to such sports data?
Developers have access to API key which is provided by the data providers in our
example it would be sports data providers who offer the API service. By sending
and receiving requests through endpoints, developers are given the ability to add
the endpoints to their apps. JSON is mainly used to format the responses.
While live streaming and current data may be more enticing to users but events of
the past have their own story to tell as well and are equally as important in
engaging the viewers now. Still, Confused? We will uncover two examples where
historical sports data is playing a significant role in the industry.
The big picture is built on historical data feeds the data spans from previous
seasons’ key match-ups and top performers to who was making headlines ten years
back in the particular sport and why. It adds value to the pre-game analysis
organization run before the live events and tries to paint the picture of what will
happen with sports data and future build their analysis on it.
Historical data has proved that
history does matter, from
Head2Head stats a detailed analysis
of team and/or players before a
match. With a rich historical sports
database, one can engage true fans
of the sports with pre-match build-
up and make logical predictions on
facts.
One great example where historical data is of great use is performance analysis. For
any analysts and coaches player or team performance is of utmost importance on
the field and off-field and the most effective way of examining the performance
would be with a wide range of data points.
Even with the data, it needs to be a specific combination of historical and live data to
run analysis on. For example, in order to examine the performance of goal-oriented
offensive players, one would evaluate their performance with different attributes to
that of a creative midfielders or defenders.
Keep in mind some of the elements might not be quantifiable as well thus the
analysis even though run on quality data would need to be scrutinized carefully by
the coaches and then acted upon but as the sport grows heaps of data are created
and fed into the database to get quantifiable results.
All the data could even be used to
identify patterns in opponents’ game
of play their strengths and even
flaws could be identified using
Artificial Intelligence and a robust
historical sports database.
Historical sports data’s significance
does not stop here, data could also
be used to map out the potential a
player could hold in the future
before the teams invest in the player.
AI would utilize historical data to run an analysis on the player market value before
acquiring new talent. This helps the team build a better team as well as avoid losses
and falling prey to faulty valuations.
Clubs might be more interested in the match, teams, and players but they have soon
realized that historical data to analyze fans’ purchasing behaviors and use that to
segment them and build targeted personalized experience for each demographic to
engage them.
This was further explored by Robert Easley, the John W. Berry Sr. Department Chair
and Professor of Information Technology, Analytics and Operations at the
University of Notre Dame, and OvuncYilmaz, assistant professor at the University of
Colorado Boulder who published a study for “Data-Driven Sports Ticket Pricing for
Multiple Sales Channels with Heterogeneous Customers”.
Easley went on to say “There are insights that arise from the data that you would
not know by simply looking at a diagram of seating,”.
Data Sports Group offers a robust database for historical data spanning over 50
years and offers live sports data feed solutions as well. Never compromise with
quality and trustworthiness of the database with the dependable team of Data
Sports Group and partner with the best sports data provider.
CONTACT US
Emai [email protected]
Phone - +1 (704) 964-6859
Address - 2600 Kinmere Dr
City – Gastonia
State - North Carolina
PIN – 28056
Country - USA
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