In motorsport as in business, data has huge value and is key to success.
- rupertlewis
- Feb 20, 2024
- 2 min read
Data is the fuel that drives motorsport and business. Whether it is at the heights of Formula 1 or at the amateur level, data is essential for improving performance and gaining a competitive edge. An F1 car produces over five terra bytes of data in a race weekend. How much data does your business hold and what is its value to the performance of your business?
Data is collected from various sources, such as sensors on the vehicles, cameras on the track, weather stations, and telemetry systems. Data is then analysed using advanced tools and techniques, to develop valuable insights and deliver a winning advantage. Businesses produce huge amounts of data and @Data Valuation Partners we have developed our market leading techniques and bespoke data insights to help businesses optimize their strategies, fine-tune their “setups” and make informed decisions.
Data is also valuable for the fans and the media who are the customers of motorsport. They can enjoy or produce a personalised, immersive and engaging experience of motorsport. Data Valuation Partners prides itself on being able to provide a group wide view of data to identify additional revenue, leverage the value of hidden data assets and a data risk assessment.
Data Valuation Partners we use our expertise and experience to identify areas to improve performance, new opportunities which are “personalised” for your business. This is in addition to providing a defensible valuation, data due diligence and several other data related strategies and benefits. All this is to provide you with the evidence to make informed strategic decisions.
If you would like to know more about the value of the data in your business, then please contact us.
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