Three Things the Energy Industry Can Learn from Baseball Analytics
Summer is right around the corner, baseball season is underway and all 30 teams in the Major League Baseball were given a fresh start to compete for World Series glory. But the reality is that only a handful of them can truly say that the championship is within reach. According to the website Fangraphs, even before any games had started, there was more than an 80% chance that the World Series would be won by one of only six teams (the Yankees, Astros, Indians, Dodgers, Red Sox or Nationals).
What drives this gap between the elite teams and the others? Money is part of the answer. Big market teams can afford to pay for the game’s biggest all stars. But with just the 9thand 18thhighest payrolls in the league, how have teams like the Astros and Indians held their own against the league of elites? The answer is a combination of data analytics and good scouting.