In this blog post, we will highlight how advanced analytics can help with optimizing pricing strategies, personalizing experiences, anticipating demand fluctuations and enhancing overall guest satisfaction. It provides hospitality providers with valuable insight on how analytics can be used to stay ahead of the industry trends, maximize revenue, optimize resources and enhance guest loyalty.
Thanks to the electronic word-of-mouth, we live in an age where with just a few clicks it is possible to find out everything about the experiences of others with any product or service. Yes, reviews can make or break a business. It's the same in a highly competitive industry such as hospitality. With the rise of online review platforms and social media, the opinions and experiences shared by guests have a significant impact on a hotel's reputation and success. To ensure a steady flow of positive reviews, hospitality providers need to make sure they deliver a unique and satisfying guest experience at every touch point. This brings us to digital competitiveness that plays a crucial role in empowering both guests and hotel staff.
Did you know that around 53% of European companies have difficulty finding IT professionals? Challenges in hiring skilled professionals was the initial reason many businesses sought to outsource.
The worldwide IT outsourcing market was worth $66.52 billion in 2019. It is expected to grow to $395 billion by 2022 and surpass $585 billion by 2027. This expected growth indicates that the majority of businesses use IT outsourcing.
Long-term collaborations in software development outsourcing could be a game-changer for companies looking to maximise their potential.
There is no business immune to data generation. The rate of data generation is incredible, and companies must find a way to manage data streams in real time, almost as they are generated. Furthermore, in every business there are different systems used for everyday operations, which means that it can be very difficult to manage it all and get the right data in one click.
In a previous article, I wrote about the debate between developing software internally or relying on an external partner. By combining internal and external software development teams, companies can achieve balance, mitigate risks, leverage external expertise, foster knowledge sharing and strengthen their software development capabilities for growth and success.
In this article, I will talk about the importance of the right timing for engaging external software development partners.
Companies lacking experience in collaborating with external partners often contemplate whether they should initiate a cooperative relationship with a software development partner or continue exclusively expanding their software development capabilities through internal hiring. Developing software completely internally or completely with an external partner is not a good option. Based on our experience, the optimal approach is to have an internal software development department while strengthening it with the support of an external partner. This is especially important for high-growth companies.
Companies that have been heavily dependent on mature applications in production for years are currently focusing on application modernization. This blog will explore the ideal timing for modernization, the key challenges involved and the significant advantages of partnering with a software development partner for application modernization.
Technology has revolutionized the way hotels, resorts and other hospitality businesses operate. From online booking platforms to personalized guest experiences, these are just some of the impacts of the rapidly evolving digital landscape on the hospitality industry. Driven by technology's remarkable transformation, many improvements have already been achieved. Still, investing in a strong, powerful robust infrastructure is a must for those who want to optimize operational efficiency, have maximum occupancy, achieve sustainable growth, and therefore better earnings
Today, there is almost no business that does not rely on technology and software solutions. It’s not only about products and services, but rather about the fact that software, various applications, and solutions are the foundation of the entire business, serving as tools for everyday operations. A basic example is email. Nowadays, almost every aspect of business is digitized and connected to some software and/or analytics. To better illustrate the issue addressed in this text, we will discuss it on the basis of the banking sector and our own experience.
The digital competitiveness of hospitality providers is essential for success in a highly competitive industry landscape. The key to success lies in delivering a unique and satisfying guest experience at every touch point, all while relying on digital technologies and modern platforms. To thrive in this dynamic landscape, providers must constantly improve their offerings by leveraging technology to enhance guest experiences and streamline day-to-day operations.
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