When it comes to quality data you have to trust the experts, even the managers, media houses, sportsbook agents, fantasy operators every one of them has realized that. The value of sports data providers hence has significantly increased in the entire world, especially in the United States as a result of legalized sports betting.
The industry’s dependence on sports data providers thus became an interesting opportunity for the players to leverage. The double-digit growth of the betting industry as well as the fantasy gaming market has all but spurred the growth of data providers as well. Soon in-game betting would be the norm as the market for that also accelerates in the US. Companies would allow bets for the next moment, on a goal, on a wicket or an assist all this would lay the groundwork for their growth and further fan engagement.
Looking at the potential of the sports betting market, a number of sports data services have set up shop to leverage the hype with their innovative approach in the hopes to set themselves apart from the big players in the market. The companies have dedicated themselves to the whole collection and distribution of sports data and offer customizable sports packages while using cutting-edge technology to stay on top of the field. The most important aspect has been the depth of the database with a number of leagues already established worldwide, a lot of players have been able to get hold of the information and present that to the users through APIs, or Widgets.
Choosing a live sports data provider to match your needs could be difficult and can even play a big role in how your company would fare in the industry. The task of choosing one out of a number of options could be made easier with a map to chart your way through.
First, identify your needs, when a customer would play the game, the data that would be used to engage with the players would not only need to be accurate but also reliable and both the qualities would be affected by the method of collection and delivery that the service provider would employ further, real-time speed of delivery would help build a loyal base. Some of the data providers relied on journalists to collect the data, and gather and disseminate it, this human involvement in the process has been automated over time.
Over time, operators have included the real-time feature as well as the betting odds, all of that would require a complex system to deliver the data directly to the customer at a rapid pace. With better tech and more automation, the speed of delivery has been increased as well. Over time new strategic partnerships developed as well, between the sportsbooks and the data services providers. The sports feed is collected directly from the leagues and teams, some of the providers are even official partners of leagues like FIFA, NBA and UEFA.
Matching the needs, as well as the statistics and metrics would be the next point you need to focus on, based on what you want to provide to your customer, the specific stats need to be matched with sports data providers’ offerings as well. Mostly the common stats include live scores, sports feed, fixtures, results, line-ups, standings, live stats, individual player data, and team data, further, the depth of the data would be another key element you need to match.
Next up is Data Quality. When it comes to quality one would have to look at its completeness, uniqueness, accuracy, relevancy and consistency all of that would have a direct impact on your credibility. Well, the good thing is at some level you can manage the quality yourself too, the choice ultimately resides on your budget usually a high-priced deal from data providers would result in a better quality of data.
Data formats and delivery mechanism is the next stop on your map, this decision needs to be made with a long-term perspective, as it would affect the ease of data handling in your system. Most of the popular data providers offer XML, JSON, and CSV formats but if you need a seamless real-time system in place APIs and widgets can do the trick. All you need to take care of is implementing APIs and you have the added ability to customize as per your offerings.
The extra features you could go for are predictive analytics, historical data, 24/7 customer support, and package offers which could be the additional services these companies offer. The right data partner could hold the key to your success thus we offer the services of Data Sports Group one of the best sports data providers in the market that checks all the boxes above and more. Opt for a free trial offer today itself!
