Nowadays, amenities such as flat-screen TV, Wi-Fi, aircon, minibar, etc. in your typical hotel rooms are considered must-haves and can no longer act as key differentiators. Hotels will certainly evolve, and the adoption of new technologies is inevitable. The question is, how drastically?
The sharing economy (also known as “peer-to-peer economy” or “collaborative consumption”) is the concept of sharing resources that are otherwise go to waste. Technology plays a part in helping the sharing economy to expand, and making the assets cheaper, more accessible than ever. In today's article, we'll focus on the hospitality industry and how much impact the sharing economy, particularly Airbnb, is having on the industry as well as the consumers.
From cloud computing and robotic process automation to analytics, AI, and machine learning, a new class of digital disruptors is transforming the role of finance. Will all the automation and technology that CFOs have at their fingertips ultimately replace the need for a traditional finance chief, or will CFOs be able to harness that technology to improve their bottom lines?
Integrated Business Planning (IBP) has delivered significant benefits to practicing businesses. According to a recent study conducted by Aberdeen Research, companies with a well-structured IBP process achieved the following benefits over a two-year period post IBP implementation:
Integrated business planning (IBP) is a business-focused evolution of traditional sales and operations planning (S&OP) that aligns sales, business strategy, and operations with enterprise-wide financial performance.
Hospitality is a fast-paced and constantly changing industry which receives heavy impacts from the consumer behaviours and technological advancements. More and more hotels compete against each other to win the travellers' hearts; they all face the same challenge: mining the overflowing mountain of data to offer their clients with what they most desires.
Company culture can dictate how data-ready is your organisation. To increase the success rate of analytic application, speed up the adoption and guide the company away from technological pitfalls, you need to build a strong, healthy data culture.
Commoditisation and shrinking profit margins are the challenges facing manufacturers and distributors today. They also have to protect their market shares in the high competitive global environment. Therefore, they increasingly turn to service offerings in order to stand out from the other competitors.
Topics: Technology trends
Traditional retailing seems no longer relevant to the current overview of the industry. Customers nowadays either do their shopping entirely online or buy the items online and pick them up in store. This means it’s time for the sellers to reinvent their supply chain management as well as the inventory fulfilment process.
What makes an organisation stand out and lead today's economy lies in the way they use their data. It is a fact that we are sitting on endless streams of valuable insights but we are unable to process them all. Some of us are doing better than others in leveraging advanced technologies to get the needed information while others are still struggling with the basics.