Baseball + Statistics
These new and innovative solutions come in the form of a winning strategy based off of statistics called “Sabermetrics.” Disruptive and unconventional, Sabermetrics was introduced as the empirical analysis of baseball, especially baseball statistics that measure in-game activity. The term is derived from the acronym SABR, which stands for the Society of American Baseball Research, founded in 1971.
It was radical thinking and a long shot to implement.
The statistical focus was on slugging percentage and on-base percentage, which were better indicators of offensive advantage and not the traditional focus for talent scouting. The Sabermetric methodology focused on doing better… much, much better, with average resources, using data science modeling.
Billy Beane, General Manager of the Oakland A’s, applied Sabermetrics to his plays and took an average, underdog team to win 20 back-to-back games, earning them a spot in the playoffs. The sports world turned its head and a legend was created. The Movie “Moneyball” circa 2011 starring Brad Pitt as Beane, showed the world the power of data science in an unconventional application.
Moneyball for Business
We recently visited with private equity firm Star Mountain Capital in New York City, led by Brett Hickey, CEO. Brett gets the Moneyball philosophy. He’s bringing it to his clients and they’re listening. With guest George Danner, President of Business Laboratory, “Moneyball for Business” hits the ball out of the park with how business and finance can use data science, mathematical modeling and analytics to achieve the unimagined.