Digital tools supercharged the creation, distribution and personalisation of content at Paris 2024
The recently concluded Olympic Games in Paris hosted around 10,500 athletes from 206 National Olympic Committees (NOCs), with over half of the world’s population tuning in to watch the action as it unfolded. To host a sporting event of this scale is notoriously expensive for the host nations, to the tune of US$28 billion for Tokyo 2020 (exceeding the initial budget by nearly 80 percent).
A large portion of revenue collected from the Games comes from ticket sales, advertising and sponsorships, which all depend on the event’s ability to attract eyeballs. This is becoming increasingly challenging due to the shift from traditional television broadcasting to online streaming, the rise of social media and heightened demand for high-quality, instantaneous and personalised content, among other factors.
How can the Olympic Games overcome these hurdles and meet the requirements of various stakeholders? What role do digital technologies play in enabling its operations? We chart the actions of Chinese technology conglomerate Alibaba – one of the 15 Worldwide Olympic Partners of Paris 2024, Tokyo 2020 and the Winter Olympics in Pyeongchang in 2018 and Beijing in 2022 – to share key lessons on digitalisation.
This is unacceptable for the Olympic Games. As we witnessed during the men’s 100-metre race, American runner Noah Lyles won the gold medal by a 0.005-second margin. Omega’s technology must be extremely accurate and reliable to capture these results. The International Olympic Committee (IOC) set a nearly impossible goal: Essential technology services, including cloud services, should operate successfully 99.999 percent of the time.
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]