SAP betting big on business opportunities around global sports and entertainment industry
The software vendor, which tied up with ICC, has so far forged alliances with over 50 sports properties across the globe.
Fuelled by the advent of new sensor and video collection technologies coupled with huge database on various sports, the software maker is offering real-time data-driven services to various stakeholders -players, teams and league, and venue owners.
These real-time data-driven services will help all stakeholders in the sports and entertainment industry to not only maximise their performance but also improve revenues, says Chris Burton, SAP's vice-president for global sponsorships. Accessing the data instantly to any level of granularity and running predictive models quickly will help stakeholders take real-time action to improve performance. “The global sports and entertainment industry is currently estimated at around 5 billion (approximately Rs 34,000 crore) and it ` is now at a very incubating stage with massive-growth potential,“ Burton told a team of visiting Indian journalists in Melbourne last week.
The business software vendor, which recently teamed up with the International Cricket Council (ICC) to enhance the experience around the ICC Cricket World Cup 2015, has so far forged alliances with over 50 sports properties, including football, tennis, sailing and Formula One.
SAP is providing over 40 years of ICC Cricket Cup historical statistics to fans for the first time in ICC Cricket World Cup history. “As cricket is one of the world's mostpopular sports, we saw a great opportunity to work with the ICC to help them simplify the way they analyse and share data with their passionate fan base,“ said Scott Russel, SAP's chief operating officer (Asia Pacific Japan).
Though there are a number of small-point solutions providers in the sports and entertainment space at present, there are no big players so far.
“We are the largest integrated platform solutions provider in this segment,“ said Burton.
(The journalist travelled to Melbourne as a guest of SAP)