Premier League IT Analytics Overview

Premier League: The Power of IT Analytics

• Big Data is utilized to enhance revenue and player training.
• The Football Manager game simulation is employed as a database for analysis.
• IT analytics apps are implemented to improve player performance.
• Networked sensors and analytics drive business operations and management decisions.
• Technology improves consumer experience and highlights the importance of information systems.

How Information Systems are Transforming Business

• Over 142 million businesses registered dot-com addresses as of 2016.
• 273 million adult Americans used the Internet, with 183 million making online purchases.
• Internet advertising exhibits a growth rate of around 15% annually.
• New laws mandate longer data retention, impacting business practices and job roles.

New Products, Services, and Business Models

• Information systems and technologies enable the creation of innovations.
• Business models define production and delivery methods.
• Example: Apple redefined music distribution through iTunes and continued innovations like iPod, iPhone, and iPad.

Customer and Supplier Intimacy

• Excellent service fosters repeat customers who purchase more.
• Example: Mandarin Oriental uses IT to track customer preferences.
• Close supplier relationships can lead to reduced costs, as seen with JCPenney's use of IT in supplier relations.

Improved Decision Making

• Relying on forecasts without real-time data can lead to misallocation of resources.
• Real-time data enhances managerial decision-making capabilities.
• Example: Verizon employs a digital dashboard for up-to-date information on customer complaints and operational issues.

Management Information Systems: What's New

• Cloud computing offers a flexible Internet-based resource platform.
• Big Data and IoT extract insights from extensive data sources.
• Mobile digital platforms are essential for modern business operations.

Business Drivers of Information Systems

• Investment in IT meets objectives such as operational excellence and improved decision-making.
• Six key objectives include: operational excellence, customer intimacy, improved decision-making, competitive advantage, new products/services, and survival.

Operational Excellence

• Increased efficiency yields higher profits through effective information systems.
• Example: Walmart leverages information systems to enhance operational efficiency, achieving sales over $473 billion in 2014.

Competitive Advantage and Survival

• Competitive advantages stem from meeting business objectives effectively, as seen with Apple and Walmart.
• Businesses may need to invest in information systems to keep pace with competitors and comply with regulations.

Information Systems Fundamentals

• Information technology encompasses hardware and software used by businesses.
• Information systems consist of components managing information for analysis, decision-making, and control.

Problem-Solving Approach

• Business problems are complex, often involving organization, technology, and people.
• The four-step problem-solving process includes identification, solution design, choice, and implementation.

Dimensions of Information Systems

• Skilled personnel are vital for building and utilizing information systems effectively.
• Technology is the foundation, encompassing hardware, software, and data management technologies.

Networking and Telecommunications

• Networks link hardware and transfer data across locations, enabling communication.
• Terms include Internet, World Wide Web, intranet, and extranet, facilitating information sharing.

The Role of People and Organizations

• Information systems literacy combines behavioral and technical knowledge.
• Management information systems focus on the implications of information system usage within organizations.

Organizational Structure

• Organizations function through structured hierarchies and business processes.
• Embedded cultural aspects influence how information systems operate within companies.

This quiz explores how IT analytics can enhance revenue and player training in the Premier League. It discusses the use of big data and technology applications, including game simulations and sensor networks, to improve business operations and consumer experiences. Test your knowledge on the impact of analytics in sports management!