Industry Coverage icon

The Impact of Technology on Sports Entertainment Revenue and Fan Engagement

Innovation is a key enabler to the digital experience economy.

Unlock a Free Sample
  • Enable the digital economy. The future is in the digital economy – you must be there to succeed.
  • Develop business alignment. You must build business alignment and trust as a reliable operator to change IT's role into a business partner or innovator.
  • Understand where and how to improve relationships. Business leaders are often unsatisfied with the quality of service they receive from IT. Identifying those areas, speaking with business stakeholders about their expectations, and addressing gaps through improvement initiatives are fundamental steps to repairing and building relationships and ultimately building trust.

Our Advice

Critical Insight

Industry leaders are aware of the impact the 360-degree experience has on revenue and fan engagement but often ignore the full fan journey cycle. Initiatives that would create high-value fan journeys and business alignment are recognized but still not prioritized.

Impact and Result

  • Review the survey results to understand where the rest of the industry sits in terms of digital fan engagement and overall digital business strategy to compare.
  • Assess the organization’s IT department through Info-Tech's CIO Business Vision Diagnostic to learn what the business sees as important as well as what their satisfaction is with core service areas to start the journey to becoming a business partner or innovator to achieve alignment.
  • Devise a list of improvement and/or digital initiatives you can integrate into your IT strategic plan to transform the role IT plays in the organization.

The Impact of Technology on Sports Entertainment Revenue and Fan Engagement Research & Tools

1. The Impact of Technology on Sports Entertainment Revenue and Fan Engagement Deck – This report will walk you through survey results on how to improve revenues and fan engagement through technology.

Read our report to find out how you compare to the rest of the industry, how to receive buy-in from your business, and how you can create holistic 360-degree fan journeys.

Unlock a Free Sample

The Impact of Technology on Sports Entertainment Revenue and Fan Engagement

Innovation is a key enabler of the digital experience economy.

Analyst Perspective

Leverage technology to achieve innovator status

In collaboration with the Association of Luxury Suite Directors (ALSD), Info-Tech Research Group conducted a survey in the spring of 2022 to better understand the key priorities of industry leaders. The ALSD is an association of sports and entertainment professionals from all levels of the venue marketplace, from premium seating to ticket sales, technology solutions, and facility operators. The association is made up of decision makers, sales leaders, service professionals, foodservice providers, architects, and builders of memorable experiences (ALSD, 2022).

In a post-pandemic world, the sports entertainment industry must adapt to remain competitive in the digital experience economy. This economy relies on younger generations that are not currently engaged with sports, such as Generation Z, to drive expectations and needs. Sports entertainment organizations must begin targeting the younger generation before it is too late.

Most sports entertainment organizations are beginning to implement or already have implemented technologies that further engage younger generations. However, it's important to highlight the importance a holistic high-value fan journey has on fan engagement and revenue. When organizations are only focused on 60% of the fan journey, they are letting 40% of opportunities go to waste.

A majority of industry leaders are aware of the great impact that a holistic high-value fan journey can pose on their business but remain hesitant to implement initiatives that would enable it. In the end, this hinders the organization’s success in becoming a business partner or innovator.

Additionally, sports entertainment organizations require business alignment to gain business buy-in for any type of high-cost investment. Overall, business alignment is critical to enable holistic high-value fan journeys and achieve innovator status.

Photo of Elizabeth Silva, Research Analyst, Sports Entertainment Industry, Info-Tech Research Group.

Elizabeth Silva
Research Analyst, Sports Entertainment Industry
Info-Tech Research Group

Executive Summary

Your Challenge

Enabling the digital experience economy: The future is in the digital experience economy – you must be there to succeed.

Developing business alignment: You must build business alignment and trust as a reliable operator to change IT’s role to a business partner or innovator.

Understanding where and how to improve relationships: Business leaders are often unsatisfied with the quality of service they receive from IT. Identifying areas of dissatisfaction, speaking with business stakeholders about their expectations, and addressing gaps through improvement initiatives are fundamental to repairing and building relationships and ultimately building trust.

Common Obstacles

Technology has a large impact on fan engagement and revenue but requires investment. In the sports entertainment industry, technology and innovation deliver fan experiences that help meet business expectations. To compete with other forms of entertainment, even before the pandemic, the sports industry has had to adapt and innovate.

Stakeholder satisfaction can impact support. Sports entertainment stakeholder satisfaction is generally not where it needs to be. Organizations within the industry need to assess where they are to understand where opportunities exist and engage with business leadership to better align the business and IT.

Info-Tech’s Approach

Review the survey results to understand where the rest of the industry sits in terms of digital fan engagement and overall digital business strategy to compare.

Assess the organization’s IT department through Info-Tech's CIO Business Vision Diagnostic to learn what the business sees as important as well as what their satisfaction is with core service areas to start the journey to becoming a business partner or innovator to achieve alignment.

Devise a list of improvement and/or digital initiatives you can integrate into your IT strategic plan to transform the role IT plays in the organization.

Info-Tech Overarching Insight

Industry leaders are aware of the impact the 360-degree experience has on revenue and fan engagement but often ignore the full fan journey cycle. Initiatives that would create high-value fan journeys and business alignment are recognized but still not prioritized.

ALSD and Info-Tech surveyed a cross-functional group of professionals

  • The demographics of the survey participants are shown below.
  • Technology that impacts revenue and fan engagement has a role within three different departments.
  • IT has the smallest presence, indicating their seat at the decision-making table for fan engagement and revenue-related initiatives is not large.
  • IT should not only be an enabler to this technology but also a business partner.

Breakdown of survey respondents by Industry, Department, Role, and Portfolio.
(Source: Info-Tech Research Group, Association of Luxury Suite Directors (ALSD) Member Survey, 2022, N=65)

Fan profiles are missing Generation Z

Through the survey, many sports entertainment organizations claim that most of their fans are families with children and millennials, but Generation Z is missing from the stands.

Success will depend on attracting Generation Z, as they are the current generation to come out of college or university and into the workforce, meaning they are the next generation this economy depends on. This is especially important in the digital experience economy that Generation Z and coming generations will own.

Bar graph titled 'On Average the youngest age group within venues is...' with '0-10' highlighted. Bar graph titled 'ON AVERAGE THE oldest age group within venues is...' with '21-30' and '51 and older' highlighted.
(Source: Info-Tech Research Group, Association of Luxury Suite Directors (ALSD) Member Survey, 2022, N=65)
The Impact of Technology on Sports Entertainment Revenue and Fan Engagement preview picture

About Info-Tech

Info-Tech Research Group is the world’s fastest-growing information technology research and advisory company, proudly serving over 30,000 IT professionals.

We produce unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. We partner closely with IT teams to provide everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

What Is a Blueprint?

A blueprint is designed to be a roadmap, containing a methodology and the tools and templates you need to solve your IT problems.

Each blueprint can be accompanied by a Guided Implementation that provides you access to our world-class analysts to help you get through the project.

Talk to an Analyst

Our analyst calls are focused on helping our members use the research we produce, and our experts will guide you to successful project completion.

Book an Analyst Call on This Topic

You can start as early as tomorrow morning. Our analysts will explain the process during your first call.

Get Advice From a Subject Matter Expert

Each call will focus on explaining the material and helping you to plan your project, interpret and analyze the results of each project step, and set the direction for your next project step.

Unlock Sample Research

Author

Elizabeth Silva

Contributors

  • Association of Luxury Suite Directors
Visit our Exponential IT Research Center
Over 100 analysts waiting to take your call right now: 1-519-432-3550 x2019