Impact of Data Analytics in Stock Market Analysis
December 19, 2018 / bigdataanalyticsnews
Probably, most people got their first taste of Data Analytics is the Hollywood blockbuster, ‘Moneyball’, wherein the coach Brad Pitt selected players for his baseball team by using data analytics to identify undervalued players. Oakland Athletics lost its star players after losing to the New York Yankees; the team needed to rebuild its roster with a limited budget. Brad Pitt was recruited as the General Manager of Oakland Athletics to rebuild the team. Brad Pitt used data analytics to recruit players and selected players on the basis of their on-base percentage. Using data analytics, Brad Pitt formed a completely new team by signing players at extremely low contracts prices, and this team went to win the Western American League. Imagine the return on investment Oakland Athletics made scouting players using Data Analytics.