Data is the goldmine in this digital world. Data-backed decisions are helping businesses across various industries to achieve success in terms of customer retention and ROI.

 

We are living in a digital economy where data is more pivotal than ever. It’s paramount to the seamless operation of an enterprise of any kind, be it a government organization or private company. Without actionable data, progress would freeze.

 

And same holds true for the fantasy sports industry. When you have a sufficient amount of data at your fingertips, you feel confident that you know in-depth about a sport than the average sport’s viewer. It’s pivotal to look for the best sports data provider to make your fantasy sports platform successful.

 

Before discussing the parameters to choose the best-fit data provider, we would brief you about sports data provider.

 

What is a Sports Data Provider?

 

A sports data provider is an organization that works on tons of data related to the sports industry and distributes sports data to broadcast and digital media enterprises across the globe.

 

A sports data provider has a pool of data specialists who watch live sports and along with that digitize each action on the ground that happens in a particular live sport. The process of data collection is done semi-automatically with the help of a proprietary software tool. Generally, the process is similar to playing a video game, in which a game analyst presses buttons to capture a log or an event.

 

List of Sports Data Companies:

 

• Opta Sports

 

• Sportradar

 

• Gracenote

 

• Enetpulse

 

• FantasyData

 

• STATS

 

What parameters to look for while picking the best sports data provider?

 

While administrating the daily operations of your fantasy gaming platform, there should not be any stress related to data. A reliable and well-experienced data provider will offer you actionable data.

 

But to choose the best sports data provider, you need to look at the following parameters:

 

• Data Precision

 

• Real-Time Delivery

 

• Custom Data

 

• Seamless implementation

 

• Multiple Data Delivery

 

Data Precision – The pivotal aspect for any fantasy sports game is the authenticity of the data provider for the incoming statistics. Poor quality of data will negatively impact your credibility and client’s trust.

 

The lag of Data accuracy can cost you a hefty amount if the data provider has not provided précised data. But the fact is errors are inevitable. Sometimes, big players in the data niche do make errors. However, the best data provider is the one that quickly checks for data quality and resolves the issue to serve a premium level of customer service.

 

Real-time delivery- Online fantasy sports players are very much attached to their team. They are eagerly willing to know point updates in real-time. All industry leaders provide real-time delivery and they restrict latency to less than 60 seconds. Latency is an important factor while comparing sports data providers.

 

One thing you should keep in mind that the lower the latency time, the more the expensive. Data providers who ask for cheap rates have a latency of up to 5 minutes.

 

If your fantasy sports platform is providing real-time point updates with low latency time then more likely you are giving a good experience to your fantasy users. This would aid in bringing more users to your fantasy sports website.

 

Custom Data- Sports data companies are collecting and working on tons of data. But you should look for a sports data provider who can offer you tailor-made sports data. You need to do a negotiation for custom sports data as per your needs.

 

Seamless implementation- As a fantasy sports platform owner, you should look for APIs and widgets that are easier to implement in order to keep the budget at a minimum. Generally, data is presented in these two forms – JSON APIs or XML feeds. But the latter format is an old technology to present data. Just be sure these APIs and widgets may be smoothly integrated and customized to do the needful.

 

Multiple Data Delivery- Another very important parameter to look for is multiple delivery methods. Make sure your sports data provider offers sports data via multiple delivery methods to you and ensure your brand and design style are consistent. And check with them whether they can provide sports rich data and content seamlessly on multiple platforms such as Website, fantasy sports app broadcast graphics, and community pages.

 

24 X 7 Technical Support- Last but not least, look for a sports data provider who can offer round the clock technical support to your business for seamless business operations. Hire a data provider who can address the glitches quickly and come up with optimized solutions.

 

Final Thoughts

Fantasy data is pivotal for figuring out players in terms of their strengths and weakness and their respective styles of play.

 

Elevate your fantasy sports gaming platform to the next level, by introducing archives, live in-play scoring, team and player statistics, and commentary services to attract & retain your fantasy sports users across platforms and channels.

 

So, are you ready to build your own fantasy sports platform? Appinop can create fantasy sports platforms that are feature-rich, impeccable, and secure.

 

We have immense experience in fantasy sports app development. Our fantasy sports app developers are well- experienced in the fantasy sports niche.