Olympics 2016: Rio’s Big Data boosting Procurement…
When it comes to judging and taking fast decisions, big data and analytics are here to help…
What do Procurement and the Olympics have in common?
At first glance, you might think we’ve lost our minds, but you’d be surprised. They’re connected by big data and analytics. When compiled and analyzed, big data reveals patterns, trends, and everything you need to reach the next level – and that goes for both business and the Olympics.
Big Data in the Rio 2016 Olympics
When analytics and stats are vital for such an event…
All across the Olympics big data is being used to help athletes, coaches, and judges get the job done, whether to win the gold, prevent injuries, or score the winning medal. It’s all a matter of capturing the right data and using it correctly, just like in business.
A recent Forbes article revealed that London 2012 on analytics to make their rowing team more effective. They study everything from on-water training time to gym sessions to determine which athletes will be most likely to win.
The key is their completed athlete profiles, which include everything from medical information
to on-water results and biomechanics.
Big Data made Crucial!
Rio 2016 heavily relies on big data, good data and analytics…
What can procurement professionals really learn from Rio’s Olympics Games?
Big data is also used to monitor athletes in order to prevent sports injuries.
All athletes are required to wear equipment containing vital sensors to help directors, coaches, and trainers understand how they’re reacting physically, as well as mentally, during the games.
According to Tech 2, the data is collected from various sources (including video) and compiled into real-time analytics that are useful for trainers.
Even the Olympics’ result accuracy has been affected by big data. There are four photocells at every finish line to help display the final moments of each race, and sensors on the archery boards for faster results.
The important thing to understand is that no single piece of big data works alone at the Olympics. In every situation, it’s collected, compiled, and transmitted in an easy-to-understand format so that the decision makers can make the right call every time.