The Business Dynamics of DRS in Cricket: A Game-Changer
Rushabh Shah
Investment Banker | M&A Deal Advisory | Public Accounting Insights | AI Enthusiast
What led to the introduction of technology in Cricket?
2008 Sydney - India versus Australia in a high-octane test match.
Umpires Steve Bucknor and Mark Benson commit as many as 4 mistakes, which cost India the test match (and eventually the series 2-1).
In an evenly poised series and ICC Cricket tournaments, umpiring howlers have played an integral part, which has affected many countries and players. This is where the need for technology evolved in Cricket. And that led to the introduction of technology.
What technologies are used in Cricket?
The advent of technology in cricket led to the introduction of various products, and there has been a continuous evolution in this. Some of the products being used currently are:
All these technologies have evolved over the years and improvised the experience of players and viewers like us. The technology in cricket is used predominantly for three reasons—Ball Tracking, Edge Detection, and Infrared Imaging.
The Cost Aspect of these technologies
Today, Cricket is following money. Franchise cricket is becoming more popular and is filling up the cricket calendar. Now, players have many ways to make money, which is good for them. And this is reflected in the administration functions of the game as well.
So, let us see how costly these technologies are:
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Taking the World Cup 2023, the number of matches was 48; hence, the cost of using technology would have been somewhere in the range of $40,00,000 or upwards.
To validate this, I have referred to a report from Cricbuzz.com stating that the Bangladesh Premier League 2019 opted for a basic package of DRS at $75,000 per match instead of the one with supporting tools, which would have cost them $100,000.
The ongoing Indian Premier League India 2024 has a total of 74 matches. With the advanced tools it has been using, the cost would be a minimum of $100,000 per match, totalling around $74,00,000.
~ INR 62 Crores cost for just using DRS in IPL??????!
Which companies provide these technologies?
As we look at the various evolutions that have transpired in the technology aspect of cricket, here are some companies that have been working in this field:
Finishing It Off
The introduction of technology in cricket, sparked by various human errors (like the 2008 Sydney Test), marked a turning point in how the game addresses fairness and accuracy. From Hawk-Eye to LED stumps, these technologies have made cricket fairer and more exciting for everyone involved.
Despite the high costs, the investment in tech like DRS shows Cricket's commitment to getting it right, backed by major companies leading the charge. This evolution reflects a pursuit of precision and cricket's journey towards a more engaging and just sport.
In wrapping up, the leap towards embracing technology has fundamentally changed cricket for the better, making every match more thrilling and fair. The future looks promising as we continue to see advancements enhancing this beloved game.
Healthcare Marketing and Advertising | Transforming: Healthcare Businesses at Likhyani Healthcare Solutions | Voice of Dentistry Podcast - The Underdog Dentist Show | Practicing at Molar Support Dental
7 个月Great insights! But beyond DRS, what all future innovations (that we can't imagine of) are probably gonna be there?
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7 个月Exciting to see the advancements in technology for the betterment of cricket! ??
WIP || Founding Partner Ludimos | Ex VP @ Curefit (Cult) | Ex Management Consultant | Sports & Fitness Business Expert
7 个月Very very well put Rushabh Shah ! However, a few of us in the sports tech ecosystem are working hard to change this narrative of “tech in cricket = break a bank $$$$ = elite only” At Ludimos we strive to make such technology a day-to-day habit for the grassroot cricket ecosystem. The rapid adoption, as we have seen has increased efficiency of coaches/scouts/management and creates awareness for players on their own game/style. All this centred around making it super affordable!
Co-Founder - HomeGround
8 个月Nice insights Rushabh Shah
Product Owner | Stratasys
8 个月Very Interesting insights! Did not know the technology is so expensive!