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The Economic Impact of Digital Productivity on Sports Competitions
- 1 Department of Economic and Management, Wuhan Sports University, Wuhan, 430079, China
- 2 Art College, Wuhan Sports University, Wuhan, 430079, China
- 3 Digital Industry College, Jimei University, Xiamen, 361199, China
- 4 Jianpan Kunlu Internet of Things Technology Research Institute (Xiamen) Co., Ltd.
* Author to whom correspondence should be addressed.
Abstract
In the digital era, the sports industry is undergoing substantial transformations, with digital efficiency emerging as a vital force for economic expansion and significantly impacting the financial results of sports activities. This investigation aims to explore the critical link between digital productivity and the economic consequences of sports events, as well as the influence of digital advancements on business tactics and value creation within the sports field. Through a theoretical analysis, the study highlights how digital productivity enhances resource management, introduces innovative business models, and intensifies audience engagement and participation, fostering a comprehensive growth in the sports economy. The empirical part of the research selects several exemplary sports events to examine economic performance before and after digital transformation, confirming the essential role of digital productivity in boosting event revenues and improving audience interaction. Additionally, it spurs local economic activities. The paper provides strategic guidance on the seamless integration of the sports industry with digital technologies, aiming to offer a theoretical foundation and practical recommendations for the industry's ongoing development. The emergence of digital productivity presents unprecedented opportunities for the sports sector, redefining event administration and driving the prosperity of the sports economy. This study offers an in-depth analysis of how digital improvements can enhance the economic vitality of sports, including superior user experiences, wider event dissemination, and the promotion of sports goods and service transactions. Comparative analyses demonstrate that digital transformation significantly enhances event financial returns, as seen in notable increases in ticket sales, sponsorship revenues, and broadcasting rights fees. Furthermore, digital innovations broaden the reach of the sports industry, introducing novel formats such as virtual reality (VR) viewing, online fitness communities, and e-sports, which create new avenues for economic growth. The theoretical perspectives and empirical results in this paper firmly support the notion that digital productivity is a pivotal facilitator of progress in the sports economy. By embracing digital transformation, the sports industry can more effectively adapt to market changes, thereby strengthening its competitive position and supporting sustainable growth. Therefore, the paper advises sports leaders and decision-makers to proactively utilize digital resources, increase investment in digital platforms, and enhance the production and dissemination of digital content to ensure the long-term prosperity of the sports economy.
Keywords
digital productivity, athletic competition, economic effect
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Cite this article
Feng,J.;Wen,C.;Ren,Y.;Ni,Y. (2025). The Economic Impact of Digital Productivity on Sports Competitions. Advances in Economics, Management and Political Sciences,171,1-12.
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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 3rd International Conference on Management Research and Economic Development
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