Custom software development has become increasingly popular in recent years as businesses seek to gain a competitive edge and streamline their operations through specialized technology. Custom software development refers to the process of creating software that is specifically tailored to meet the unique needs and requirements of a business or organization. This can include developing new software from scratch or modifying existing open-source or proprietary software.
Traditional business models are experiencing rapid changes today, and the use of new technologies and digitization will continue to be the norm for sustaining growth in a hypercompetitive world. The very possibility of choosing between working from home, in the office, or a combination of both models is a departure from the traditional system, and it is clear now that this form of work is not going anywhere.
Software development outsourcing has grown in popularity in recent years for a variety of reasons, including a high-level skill set, time and cost-effective development, a greater emphasis on core company tasks, and so on. According to Statista, the worldwide IT outsourcing industry has already topped $92 billion, with the software development outsourcing industry contributing significantly. If you decide to outsource, before choosing a software development partner, familiarize yourself with the process of the software development outsourcing process itself, which consists of several steps.
No matter if your industry is traditional or modern, if your business sector is hospitality, construction, healthcare, or energy, you need your IT, and especially your software development to work perfectly. But with the speed of advancements in the world of modern technology, which often cannot be followed by proper recruitment rates regarding specialized IT cadre, sometimes it is better to let experienced teams to take care of your system, infrastructure, or project, especially if your company is not from IT sector.
As the hospitality industry in general has faced major drawbacks since the pandemic, many of its traditional establishments are being revised and restructured. Even before the pandemic, the hospitality industry was experiencing a decentralization of accommodations - there are popular apps and websites like Airbnb, various multiple service providers like Booking and Hostelworld and since cheap travel is becoming more and more popular, Couchsurfing is still a popular practice for some. Many of today's tourists and travelers are Millenials or Generations X and Z, and they are a force that cannot be ignored.
Natural Language Processing (NLP) is a type of AI that focuses on recognizing, comprehending, and using human languages. It is one of the most intriguing disciplines in AI, having already led to the emergence of technology such as chatbots, voice assistants, translators, and a plethora of other tools we use daily. Every second, channels such as social media, in-app communications, and forums generate a tremendous volume of text data. And, due to the massive amounts of text data and the extremely unstructured source of data, we can no longer utilize the traditional technique to understanding the text, which is where NLP comes in.
Hotel management systems (HMS) or Property management systems (PMS) are software meant to unify many crucial tasks and features previously done manually, on outdated software and/or robust hardware. It includes various types of procedures like property and housekeeping management, reservations, payments, online booking processing, channel management, automated guest communication, advanced reporting and workforce management. In this blog, we will talk about how proper hotel management systems can be your biggest allies, but also your biggest adversaries. We will explain the most obvious signs that you probably need to refresh your software.
Digital transformation might appear different for each company, so it can be difficult to find a universal concept or a definition that applies to all. We can describe digital transformation as integrating digital technologies into all business sectors, resulting in profound changes in how businesses function and give value to consumers. Digital transformation of a company cannot be done overnight, nor does it represent another new technology addition to the business. It represents a change in the way the company works, a shift in the culture and mindset of both employees and leadership.
Artificial intelligence and machine learning have become very popular. This technology provides companies with insight into trends in customer behavior and company business patterns, as well as assistance in developing new products.
Some of the largest companies, such as Google and Facebook, use machine learning in the basics of their operations.
The COVID-19 pandemic has prompted new applications and technological improvements in the industry. It has accelerated AI adoption in fields such as healthcare, where AI-based technology and applications are widely used.
Even though hospitality companies nowadays have their in-house development teams and IT departments, the truth is that many of them are simply small or inexperienced. That is why big and appreciated hospitality companies are teaming up with their software development counterparts. This is the precise reason why we can proudly say that we were trusted partners in one of these transformation paths. Together with our client, respected hospitality company Valamar Riviera, we have dived into this process, and we can say that results exceeded our mutual expectations when we started the project.