Statistics play a major role in the decisions that businesses make in the companies. This information is used in planning budgets, deciding how many employees to hire etc. This is also used as a factor in the future growth of a business. My employer uses statistics to decide where to put a new plasma center. These could be information on the demographics of the people etc.
This paper is about some articles chosen by myself, which relate to the topic. At the end, a summery will conclude the main information piece of the paper. The first article is called Turning 100 years of statistics into a power play for the NHL. The author is called Chris Foster and it mentions how the NHL used all this data to find the sponsors that fit. The article states that in the beginning the NHL …show more content…
So they started a relationship with SAP, this system has enabled them to organize all their data. This system helped them in ways that they could not imagine. Foster (2017) said together we have tackled not only a hundred years of NHL statistics but a future of how NHL data is collected.
Now when data is collected, it is organized in a manner that is more assessable. As the data is more organized it, makes things more streamlined for whomever is looking for it. Also new technologies are emerging that go alone with SAP. The NHL has even attended SAP events to get, some new ideas for their organizations. To strengthen their relationship SAP has spent time at these NHL events.
These statics have given fans access to information that before would not available. It has helped the NHL create a brand new revenue Stream. Many fans were willing to pay to obtain this information; there is a large number fan that love this type of stuff. Statistics play a major role in the decisions of daily business decisions. Before a company can develop a new computer system, they look at the numbers concerning that particular
This paper is about some articles chosen by myself, which relate to the topic. At the end, a summery will conclude the main information piece of the paper. The first article is called Turning 100 years of statistics into a power play for the NHL. The author is called Chris Foster and it mentions how the NHL used all this data to find the sponsors that fit. The article states that in the beginning the NHL …show more content…
So they started a relationship with SAP, this system has enabled them to organize all their data. This system helped them in ways that they could not imagine. Foster (2017) said together we have tackled not only a hundred years of NHL statistics but a future of how NHL data is collected.
Now when data is collected, it is organized in a manner that is more assessable. As the data is more organized it, makes things more streamlined for whomever is looking for it. Also new technologies are emerging that go alone with SAP. The NHL has even attended SAP events to get, some new ideas for their organizations. To strengthen their relationship SAP has spent time at these NHL events.
These statics have given fans access to information that before would not available. It has helped the NHL create a brand new revenue Stream. Many fans were willing to pay to obtain this information; there is a large number fan that love this type of stuff. Statistics play a major role in the decisions of daily business decisions. Before a company can develop a new computer system, they look at the numbers concerning that particular