Friday, July 12, 2013

Predictive analytics in sports

Here is an interesting start up company that claims to predictive results of soccer and tennis matches 9 out of 10 times. There are currently covering 21 soccer leagues and are able to predictive 76% of the time accurately. This predictive analytical capability has endless applications across all areas of the industry.

http://money.cnn.com/2013/07/12/technology/innovation/betegy-soccer-betting/index.html

Imagine being able to predict outcome of elections, stock prices, exchange rates, performance of companies both short term and long term, quality of a product that we buy, etc.....

This could be a potential game changer. Big data and its effective use will be a key trend in the years to come. What will happen to the betting industry. Will that be automated and become more like our stock exchange ?

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