4 Analytics Lessons From Professional Sports — InformationWeek

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Nate Silver, Michael Lewis, Mark Cuban and other sports luminaries share analytics advice you can apply to your business.

 

Want a career in data-driven decision-making? Nate Silver, the famously accurate predictor of the 2012 presidential election, advises neophytes to “run a fantasy baseball team or an NCAA Tournament pool” to learn applied statistics.

“Sports is a pure laboratory, and there are very good data sets available, especially in baseball and basketball,” Silver said during a panel discussion on Friday at the Seventh Annual MIT Sloan Sports Analytics Conference in Boston. “There is luck involved in who wins and who loses, but you have good criteria for measuring success, so you can test ideas, make predictions and see how well it works.”

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