Strategic Intelligence: The Future of Work in Sport
Summary
Future of work technologies like artificial intelligence (AI), robotics, drones, digital twins, the Internet of Things (IoT), 5G, and 3D printing have the potential to transform the sport industry. They can tackle critical industry challenges, including maintaining fan engagement, ensuring player health and safety, maintaining accurate and efficient decision making processes and the keeping the efficiency and profitability of stadium operations.
The sport industry’s reticence will impede innovation
While the majority of the sports industry’s value chain should invest in or explore many technologies within the future of work framework, the industry’s historical reticence to adopt new technologies will likely impact its success in this theme. In the past, the sports industry has waited to judge the success of technologies within other industries before adopting them itself. Sports companies’ investment in the metaverse and non-fungible tokens (NFTs) in 2022 saw them lose out financially, leading to greater restraint when it comes to innovation. While the future of work technologies could revolutionize many areas of the sports industry, most notably fan engagement and player health and safety, large investments may only be seen in the longer term.
Visualization could revolutionize player health and safety
Certain sports, such as American football, soccer, and rugby, put athletes at risk of long-term neurogenerative disorders, with research from Boston University revealing that 345 out of 376 ex-NFL players studied had chronic traumatic encephalopathy (CTE). Sports federations are under fire as they face lawsuits from ex-professionals related to brain injuries. By adopting visualization tools, coaches and players can have a greater hold over the health and safety of their players and be better informed about their potential risks and injuries. Technologies like augmented reality (AR) can help medical staff monitor players' health metrics in real-time during training sessions and matches, while digital twins can simulate game scenarios and player conditions to predict and prevent injuries. Connectivity will be at the heart of stadiums in the future Current stadiums face challenges in generating consistent revenue and competing with newer venues. Connectivity, specifically 5G, will provide the low latency and high bandwidth needed for artificial intelligence (AI), AR, Internet of Things (IoT), and robotics-enhanced venues that can increase revenue through higher fan engagement and satisfaction. Frictionless entry could become the norm, alongside AI-powered real-time sports betting, AI payments, service robots, and enhanced digital signage.
This report presents GlobalData’s proprietary future of work framework, built around five transformative technology categories: automation, visualization, interpretation, collaboration, and connectivity.
Future of work technologies like artificial intelligence (AI), robotics, drones, digital twins, the Internet of Things (IoT), 5G, and 3D printing have the potential to transform the sport industry. They can tackle critical industry challenges, including maintaining fan engagement, ensuring player health and safety, maintaining accurate and efficient decision making processes and the keeping the efficiency and profitability of stadium operations.
Key Highlights
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