When sports, tech and Business meet

It’s not a surprise that sport is one of the biggest industries in the world. It has been the driving force to social challenges. Sport innovation has brought many people together from all corners of the world. This has brought international and economic benefits to the participant. Some of the most beautiful games have met the right investors, innovators and sport coaches. This has in turn brought good change in the sports industry and experience. The sports industry is trying to embrace technology, reports Bloomberg. However, the industry is still facing scarcity of funds. The public is trying to encourage sport technology as it is a way of making their life a better place and more efficient. Technology is trying to improve the experience of their fans thus bringing in many investors and business people on the table.

Virtual reality, live streaming, and wearables are the innovations behind the technological evolution of the sports industry, since they encourage fans to participate. Gaming companies have not yet been left behind in this new technology as they are using Virtual reality in their games. Companies such as Omsignal have come up with new methods to help individuals have a healthier fitter life. It makes use of technology to track ones biometrics. The technology monitors ones heart rate, breathing and activity. The app displays a person’s data and it’s recorded and displayed on the mobile phone. The company has been able to raise more than $10 million worth of investment and is now focusing on developing new technology.

Runkeeper is among the largest mobile fitness platform with millions of users across the globe. It was founded by Jason Jacob in 2008 and was looking for a fun and smart way to train. The company embraces personal training into smartphone convenience. Play sight is a new company that was founded by Chen Shachar. The company focuses on creating smart tennis coat and it has since raised $5 million worth of investment. Israel was the first country to embrace the new technology of the smart court. The court is able to analyze the game, measure and records the game performance. Fit bit was founded by James Park who is trying to inspire people to eat better, live healthier and exercise more as the best form of lifestyle. The data collection on health provides motivation and entertains the users. As a result, the company has grown exponentially. This has raised funds of up to $66 million and the company is trying out new research on smart fitness.