The industry of fantasy sports is seeing an exponential growth since the beginning. Ideas are flourishing the industry more than ever giving rise to new blooming companies.
The credit for industry’s stellar multiplying performance goes to all the sports lovers over the world. Sports is something which brings people together across borders for all the right and fun reasons! Since fantasy sports industry possesses a huge customer base, user experience happens to top the priority list for all the companies in the market. These companies yearn for innovations which may give them an edge over other competitors in the market and also to have a loyal customer base. Also, with time expectations and requirements of users change.
Companies which will keep up with new tech whilst keeping in mind their user’s needs would be the one surviving at end, because let’s face it — almost every industry on this planet is getting disrupted massively because of advent of newer tech.
A for Artificial intelligence
B for Blockchain
C for Cloud computing
D for Decentralisation
There can certainly be other technologies like big data with data analytics, augmented reality/virtual reality involved. But the above ABCD gives us a vision to see where the world is headed.
Each technology serves a different purpose, but the power obtained with a melange of technologies working together would be unreal. The kind of powers artificial intelligence and machine learning promise to the humanity has left everyone dumbfounded. The promise of trust guaranteed by blockchain would let all users operate comfortably in a trustless environment. By the virtue of cloud computing, all the solutions to be implemented by the companies would be largely economical and scalable. By attaining decentralisation, true democracy and distribution of power can take place so that no person misuses and abuses their power. Now, imagine a situation where power of these tech are used in synergy.
There could be a multitude of use cases generated to suit different needs and requirements of the users. These use cases in turn would make the industry grow innovatively. Such ideas not only help retain the customers but also increase the customer base.
The question to ask your organisation would be — do you want to innovate or get disrupted?
This is a series of articles which may help you get an idea of technology innovation and transformation. To read more about technology and its use case in fantasy sports industry, stay tuned!
