Daily Bulletin

  • Written by Jenni Henderson, Editor, Business and Economy, The Conversation
image

Rather than just admiring a good hit or delivery, there’s another way to analyse what’s happening on a cricket pitch. Cricket players are actually business people, in the sense that they’re weighing up how many resources they have, whether it’s wickets in hand or overs remaining, says Steven Stern, a professor of data science at Bond University.

Stern is responsible for the Duckworth-Lewis-Stern method, which is used to calculate the score, and even who wins, when rain interrupts play. He crunches the numbers on games that have been played since the 1990s, and uses the resources remaining to decide what the score should be.

It’s all about risk and reward, says Stern, and the cost benefit analysis carried out by teams and players.

Technology is also changing the business of cricket. On the one hand it provides a useful tool for players to measure how well they are doing, but it can be a double edged sword, this same data can be used in performance indicators.

Sandra Peter and Kai Riemer from the University of Sydney point to the example of the International Cricket Council which is using sensors on cricket bats. These can help to develop the skills of players in training but it can also be used to gather data on player performance, to decide what they get paid.

Pay is the reason cricketers are currently in a stand-off with their governing body Cricket Australia. The cricketers argue that more needs to be spent at the lower levels of the sport.

Judging by what has happened in other sports like rugby league, if money is not spent on the administration and supporting the lower levels, it starts to shows as cracks in the national level of the sport, says Stephen Frawley from UTS.

Authors: Jenni Henderson, Editor, Business and Economy, The Conversation

Read more http://theconversation.com/business-briefing-following-the-money-in-cricket-79832


The Conversation

Business News

Hedge Fund Portfolio Manager Cade Bradford Knudson Speaks About Market Outlook

"Inflation may be abating, it's time to take a serious look at the market," says Cade Knudson, hedge fund portfolio manager. Knudson is a financial professional that has extensive experience managin...

NewsServices.com - avatar NewsServices.com

Mikhail Kokorich Shares 7 Business Tips for New Entrepreneurs

Mikhail Kokorich is a serial entrepreneur, investor, and CEO of Destinus, a company well-known for developing a high-speed aircraft that combines an airplane and a rocket. In this article, he sha...

Daily Bulletin - avatar Daily Bulletin

Everything You Need to Know About Outsourcing to Third-Party Vendors

You may have a growing business and not intend to slow down. However, your business’s needs must also be growing, and it will get increasingly challenging to stay on top of everything, especially ...

NewsServices.com - avatar NewsServices.com

WebBusters - Break into local search

WebBusters.com.au