Question

Explain how increased technology has aided sports organizations in minimizing expenses.

Answer 1

increased technology has aided sports organizations in minimizing expenses in the following ways.

1. There is a high media coverage- due to which there is more sponsorship available. A person sitting in India can watch sports in the US any time- anywhere through OTP platform. OTP platforms are paid a subscription and hence creating a steady revenue doe sports.

2. Buying Tickets has become hassle-free. Before it a headache for both Seller and buyer. Now a person can easily buy a ticket with few clicks on a phone. Bringing down expenses of selling tickets.

3. Due to technology, the advertisement expenses to promote a league has come down. Bringing in more people at a comparatively cheaper price than before.
Ex: pro kabaddi league of India. An advertisement was done by OTP platforms, Internet etc.

4. Technology has decreased the medical and fitness expenditure on the team/players.
Smart types of equipment like smart helmets are able to displace the force on impact very much effectively, thus lowering the chances of head injury.