INFO Assignment 1
INFO Assignment 1
STUDY
RIYAN ROBINS GOHEL
STUDENT ID :-9917731812
HONS. BACHELOR OF COMPUTER SCIENCE
(SPECIALITY IN DATA ANALYTICS)
FALL- 2023
PROFESSOR. BALWINDER KAUR
ASSIGNMENT 1
SPORTS ANALYTICS :- AN ADVANCING FIELD
Factors affecting ticket renewals
There are many factors which may play a significant role in terms of ticket
renewals such as personal choice, weather condition, political situations, stars
playing per team and etc, but in below paragraphs I want to tell you about the
three most important factors according to me:-
Factor 1: Team performance
Season ticket renewal rates are significantly influenced by a team's
performance, including on-field accomplishments and general fan
involvement. If a fan's favourite team plays well, frequently winning games and
making the playoffs, they are more likely to renew their season tickets.
Decisions on renewal may also be influenced by the overall fan experience,
which includes the environment on game days, entertainment, and
engagement possibilities. High levels of customer satisfaction, which are
frequently influenced by team performance, positively correlate with customer
retention, as mentioned by Reinartz and Kumar (2003). To quantify their
impact on renewal rates, indicators relating to club success and fan experience
could be included in performance modelling for season ticket renewal
(Reinartz & Kumar, 2003).
Factor 2 : Pricing and value
Season ticket prices and the perceived value they provide to fans are
important variables influencing decisions to renew. Fans evaluate the price of
season tickets in relation to the advantages they gain, such as exclusive access,
discounts, and perks, according to Gladden and Funk (2002). Renewal rates can
be favourably impacted by a well-planned price strategy that is consistent with
the value a customer perceives in a ticket bundle. Sports organisations can
optimise their pricing strategies for maximum renewal success by using
performance modelling to analyse historical data on pricing structures and
their impact on renewal rates (Gladden & Funk, 2002).
Factor 3 : Fan Engagement and Communication
Building a strong feeling of community and loyalty among season ticket holders
requires effective fan engagement and communication techniques. Their
decision to renew their subscription can be greatly influenced by consistent
communication with them, personalised interactions, and opportunities for
feedback. According to Kuenzel, Fuller, and Heinrich (2017), fostering ongoing
communication with supporters can strengthen their sentimental ties to the
team and improve their propensity to repurchase season tickets. To determine
their impact on renewal rates, performance modelling should include
indicators for fan engagement, such as response rates to outreach initiatives
and attendance at fan events (Kuenzel, Fuller, & Heinrich, 2017).
By offering real-time data and insights that help trainers and medical
professionals better monitor and reduce hazards, wearables have
revolutionised player health and safety in sports. This essay examines how
wearables enhance player health and safety, focusing on new analytics
techniques and resources available to coaches and help them in ample of ways
such as :-
Injury Prediction and Prevention
Fatigue monitoring
Health Assessment
Load Management
In order to improve player health and safety in sports, wearable technology
and new analytics techniques have become indispensable tools. With the help
of these technologies, trainers can control training loads more skillfully,
measure fatigue, forecast and prevent injuries, and analyse concussions. Sports
organisations may prioritise the health of their athletes while maximising their
performance potential by utilising wearables and cutting-edge data.
Conclusion:-