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Contents contributed and discussions participated by dskomorowsky

dskomorowsky

6 Technology Trends Shaping the Future of Event Management - 0 views

  • Event management today is fundamentally different than it was ten years ago.
  • Events and conferences are dynamic entities with changes often happening in real-time. Up until recently, event management tools weren’t equipped to handle these changes instantaneously.
  • The event technology landscape is exploding in a variety of different directions. It is projected that the event tech market will grow to USD 9.28 billion by 2020. The challenge for event organizers is keeping up with the latest tools, implementing those that best fit their needs, and then using them for maximum impact.
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  • make their experience as interactive as possible. Ideally, you’ll have one platform that you can use to enable live polling and in-session Q&As which will help you turn passive attendees into active participants.
  • Personalized Event Experience
  • Event attendees are increasingly demanding more contextual and personalized experiences. Online platforms such as Amazon and Netflix with their recommendation systems have made users accustomed to interfaces that “know” their interests.
  • Live Audience Engagement
  • Which tools should we implement to create a seamless, personalized attendee experience throughout the event process? How can we best leverage technology to manage event agenda, speakers, and sessions in real-time, and across different views? How can we deliver event content in a way that’s easy to consume for attendees and via their preferred channels?
  • Event organizers are now demanding solutions that incorporate at least a basic level of analytics e.g. tracking the behavior of event participants and then using those insights post-event to drive future event improvements.
  • Conversational Experiences
  • AI-enabled chatbots can easily recognize these questions and instantly provide the answers. What’s even more interesting is that AI-powered chatbots, like our Sava event chatbot, are capable of learning user preferences from previous interactions and personalizing the conversations accordingly.
  • All-in-one Platforms
  • There is a strong demand for a single platform to manage the event agenda and the on-site technology, engage attendees across channels, and get behavioral analysis.
  • Sophisticated event management solutions bridge the gap between the physical and online worlds, creating a frictionless, unified experience for event attendees. They aim to solve key challenges for event organizers helping them plan successful events and improve as they go based on the wealth of collected data.
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    This article relates the future shape of Event Management Software that is set to define the future of events management. No longer is it just about just planning seating and defining attendee and rooming lists. Technology has enabled event planners to reach deeper into the behavior, desires and participation needs of attendees defining preferences and engaging rather than just making things happen. Key fundamentals include the capability to reach out to attending audiences, monitor their engagement and illicit responses as well as interact directly or indirectly, through chat bot or polling. While this article focuses on the planner to attendee experience, this holds similar opportunity for Hotel and Event spaces to engage simultaneously and seamlessly through the same platforms. These are incredible and exciting opportunities that 10 years ago were a bucket wish list for event planners and Conference service professionals alike.
dskomorowsky

Facial recognition check-in rolled out at 50 hotels in China | Hotel Management - 0 views

  • Hainan Province, China. With the new system, guests can book hotels on Fliggy and then check in and have credit authorized by having their faces and ID cards scanned at a kiosk at the hotel.
  • With China's rapid advance in new retail systems and mobile technology, the country has become a pioneer in integrated business processes to improve the customer experience using mobile technology, according to the Shiji Group.
  • The goal of the project is to turn the entire hotel booking process into a faster, digital experience. Instead of checking in with a human concierge, Shiji and Alibaba claim that guests with reservations can be verified through the system with China’s Public Security Bureau and be issued a room key in 30 seconds.
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  • There are limits to the technology, which explains in part why the roll-out has been limited up to now. Tech analysts have pointed out since the unveiling of the first smartphones that can be unlocked with facial recognition that the technology is simply not as secure as a personal identification number.
  • This check-in system is not the first hotel use for facial recognition. The technology was added earlier this year as one of the capabilities of Agilysys’ rGuest Stay property-management system to help streamline operations
  • . The system can show any information saved about the recognized guest, including room preferences, arrival and departure time, and much more.
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    This article outlines the advance of Facial recognition capabilities and technology in the Hospitality Industry. The amazing advance of combining a persons visual image and being able to tie it to data on the back end and come up with the means to truly personalize the product and provide efficiencies to the guest is truly remarkable. The 30s check in claim that the adopting company Shijin was touting truly seems possible. This technology could be extrapolated to Hotel security systems for rooms, marketing, especially proximity marketing that be recognized in all of the hotel venues and of course simple customer recognition by staff. I do however see a privacy issue related to the retention of this data and of course consumers may vote no with their feet in the North American or European markets, but for hoteliers it does offer a tantalizing breath of options to innovate.
dskomorowsky

Demonstrating ROI in Revenue Management to Hotel Owners Today : 4Hoteliers - 0 views

  • Advanced analytics built into today’s best revenue management systems use hotel and industry data for predictive price-sensitivity demand modelling. When used effectively to drive strategic decisions, data analysis leads to increased profitability and improved risk management that is associated with the uncertainty of demand.
  • When applied to its fullest potential, revenue management and technology can additionally positively impact efficiency and improve operational performance across an entire property.
  • And when it comes to new or improved technology, many hotel owners tend to view cost rather than undertaking an ROI measurement to determine when the technology will pay for itself.
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  • To ascertain ROI, many often look to their performance over the previous year. But that number always has an asterisk next to it, or if it doesn’t, it should.
  • the hotel modelling removes automated pricing, inventory controls and overbooking strategies,
  • ROU can be ascertained by using advanced revenue management systems and provides much more detail than year-over-year revenue growth.
  • This is where a better formula, called revenue opportunity uplift (ROU) provides a more authentic picture.
  • The first step involves monitoring a hotel’s performance over a typical 90-day window. Simultaneously, over this same 90-day period, a carbon copy of the hotel is made, except this clone does not have the revenue management system in place
  • This means, on days of high demand, the manual-environment property is more inclined to accept business on a first-come, first-served basis,
  • What hotels discover is additional revenue opportunity hiding in each of those automated decisions
  • Overall, ROU provides a better measurement of the incremental benefit of a hotel’s technology purchase rather than reflecting an improvement from positive market conditions
  • Through utilising the ROU measure, hotel executives also have a powerful way to demonstrate the financial benefits of revenue management to owners and show a true ROI.
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    Operators focus on cost, and this can prohibit the Operator from realizing the advantages and benefit of utilizing an RMS. When looking at an ROI they will often utilize Pacing data from a year over year perspective which is often, as the author puts it, asterisked. A simple explanation is the number of variables that can lead to impractical or flawed comparison such as mis-segmentation, unique events or otherwise. The author proposes instead that Operators should look at ROU, which roughly speaking takes market dynamics and most of the variables out of the equation. An ROU analysis (Revenue Uplift Opportunity) establishes a baseline measurement over a 90 day period that requires the establishment of two models (carbon copies) of the Hotel in question. The first, is a manual model that mimics the manual process of yielding and inventory management and overbooking, while the second utilizes the decision process of the installed or applied RMS. The author states that what Operator realize is the hidden maximization opportunity in both pricing and inventory controls based on manual processes reacting to demand conditions rather than anticipating. The value of this outside of the above application is how a KPI and a different manner of looking at the data can lead to valuable insight on what a real ROI can be. As an RM professional whom utilizes an advanced RMS on a regular basis it is sometimes it is difficult to see outside the box and perceive the value of the technology that is a mainstay in the Branded community. Being able to see the implications it can have for those not using or not having bought into the technology is actually a bit of a back step as it speaks to the value that this solution provides for the company.
dskomorowsky

POS of the Future Predictions & Insights | Hospitality Technology - 0 views

  • The point of service is becoming untethered from the point of sale. The next-generation point of sale is being shaped by the call for the POS to be all things for all people.
  • This year’s results indicate that restaurants are preparing to take an active role in the evolution of the POS. More than half are testing and researching new POS solutions for 2019 and beyond, and 46% plan to add functionalities to current software in 2019
  • the top three business drivers that will be prompting POS enhancements, two — adding mobile POS and enabling new payment options — speak to a bigger issue: providing customers with frictionless ways to pay, wherever and however they want.
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  • More than half (61%) of operators say that being able to use data to understand guest preferences and behavior is the top driver influencing a POS upgrade.
  • “Advanced payment types and allowing more payment types to be accepted at the POS will drive the POS of the Future. Pay-at-the-table, as well as mobility in general, are becoming very prevalent as businesses realize that mobility is a key factor in meeting guests where they want to be interacted with.
  • POS consolidation will continue to impact technology as POS options become more directly tied to payment processing. As the barrier to technology development continues to decrease
  • “The future POS will be shaped by the proliferation of consumer preferences to order ahead and online and their desire to drive the transaction in-store as well as merchant preferences to manage orders and payments in real-time, whether they are in-store or off-site.”  — Clover
  • “New forms of payment that eliminate interchange are going to make it difficult for companies to subsidize POS hardware and software with the payment processing revenue.
  • — Ingenico
  • The rise of off-premises ordering and digital enablement will mean an increased focus on advanced kitchen production, the enablement of consolidated and centralized menus and order entry across consumer and employee entry points, and automation of delivery orders and services through branded applications and third-party aggregators.
  • “As restaurants expand their adoption of software and analytic tools, security will be at the forefront of POS discussions. Data vulnerability is directly related to the number of access points in a hardware or software solution. The risk associated with having access to a wide range of value-add software applications is the increase in access points for potential data compromise.” — TableSafe
  • “We’ll see an increase in omni-channel ordering including via mobile and kiosk, plus more voice assistant-enabled ordering using the Amazon Echo (Alexa) or Google Home APIs.What’s more, because it’s Artificial Intelligence (AI)-driven, the voice assistant ordering system will ‘learn’ and continually improve based on actual orders and spoken language.” — Xenial
  • With ever-changing customer demographics and demands, like the increase in integrated online ordering and food delivery, your POS software needs to adapt to your customer base and continue to adjust to reflect business efficiencies.
  • As an example, the movement to cloud POS highlights the limitations and decreasing utility of client server architecture. Also, closed systems are falling out of favor.
  • As a result, POS suppliers need to think about how this plays out through the system and in to kitchen operations.  Also, in an online ordering and delivery environment, store location may not be as relevant as store capacity and balancing work between sites.
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    This article is the resultant of a survey by Hospitality Technology as a deep dive into the minds of Restaurant Technology experts and executives. The results of the survey, commented by various executives from POS provision companies details their thoughts on the needs and direction of POS systems in the industry. The article, though lengthy, outlines current additions to existing POS systems and upgrades they are or will be implementing as a contrast to the opinions of the Technology executives. Out of this, several distinct trends emerge. POS will no longer be just cash register alternatives. They as a class of products are evolving quickly, integrating data, inventory management, third party integration (both service and distribution side) as well as an emphasis on Cloud-Based and managed implementations. All seem to concur that the future of the POS is not merely operational and operator functionality but also payment systems integrations that will make payment by the consumer friction-less and more diversified. On-line ordering is a distinct focus for all POS providers as online ordering grows exponentially for the foreseeable future. This includes critical items for brand based application ordering as well as third party aggregators. This includes the integration of omni-channel ordering including mobile, amazon-echo, Google-Echo and other AI/Voice based systems and the implications of their increasing usage. Data Security will be at the forefront of POS implementations with Restaurants having to increase their focus on vulnerabilities in their current systems and look to Cloud based systems to offer greater safeguards against hacks and data compromise. Finally, there seems a general agreement that a POS needs to be ready for the future, that is is extensible, up-gradable, and flexible to meet the rapid changes in technology in as bio metrics, payment methods (ie Bitcoin), new devices and services come to market. .
dskomorowsky

Here's How IoT Has Revolutionised the Hospitality Industry - 0 views

  • IOT can be one of the biggest boons to the hospitality industry. You’ll be surprised to know that the number of internets connected “things” already exceeded our population back in 2008.
  • By 2020 this number is expected to reach 50 billion. A whopping $19 trillion is anticipated as cost-savings and profits from this investment.
  • According to the sources, of all the businesses that chose to implement IoT, 94% have already seen a return on their IoT investments.
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  • Complete Personalization:
  • Connecting all the amenities and services, associated with a particular booking, to one application or device, can help us achieve our goal of personalization.
  • If all devices and appliances are connected to a single software or device, or to a designated software, even a minor fault can’t go undetected.
  • Better Monitoring:
  • Surveillance and Access Control:
  • IoT will also help to provide a safer environment for the guests. If all the surveillance devices are connected to one master device, the staff will get an instant alert of any unusual activity so that appropriate actions can be taken.
  • All of us should come together and adapt to this concept and technology for our own good. Hotels such as JW Marriott has already started incorporating IoT in their hotels.
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    This article outlines the tremendous potential of IoT implementation in the industry, with a specific look at India. Interesting to note that the number of devices connected had already exceeded the population of India when it was written and the writer comments that the projection is set for 50 Billion by 2020 (25x the population of India). Citing three major areas of application and impact: 1. Personalization - Enabling the guest to control their in-room preferences and providing the Hotel the opportunity to understand those preferences and provide better future service. 2. Better Monitoring - Ensuring product fault assurance and equipment monitoring 3. Surveillance and Access Control - Monitoring activity on key locks and access to multiple units on the same device. While I think this article speaks to the potential there was significant ground missing in potential applications and services that can and will be offered. It didn't discuss many set backs such as limitations to current IOS provision systems, such as requirement for stable Wi-fi or cell reception. 5G will make this even more complicated. Nor did it address the actual costs of implementation which will be significant, especially for smaller operators. However, it does bring to light the potential for the future.
dskomorowsky

How Advanced Tech is Helping Hotels Humanize the Guest Experience - Skift - 0 views

  • One of the ways in which hotel brands can provide seamless experiences across multiple touchpoints is by ensuring that employees are empowered with the right guest management solutions that leverage a combination of technologies such as artificial intelligence (AI), deep analytics, and customer relationship management software integrations.
  • Being able to communicate with customers using their preferred channel is also becoming increasingly important. Two-thirds of consumers in Salesforce’s survey said that they prefer to communicate through email, text, or chat.
  • For example, if a particular guest has visited the spa during every hotel stay, built-in AI capabilities will recommend a complimentary spa service for this guest. A relevant offer like this will have a much better impact on the guest experience than something that the hotel guest will not use,”
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  • “Hotels need to leverage data to offer excellent customer service. Therefore, using technology platforms that facilitate faster decision-making, transform raw data into actionable insights, and provide a better understanding of a traveler’s needs and wants are essential to success.”
  • These dynamic profiles are constantly being enhanced as hotels learn more about their customers’ needs, which enable them to not only offer personalized recommendations, but also contextualize service recovery efforts
  • In today’s digital-first era, experiences with a human touch differentiate good experiences from great experiences,” said Jacqueline Nunley,
  • As hospitality brands grow and expand, they are faced with the challenge of making sure that scaling up doesn’t compromise the personal customer experience and the human touch being offered.
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    This article speaks to importance of consumers to have seamless experiences with Hotels through their entire journey. It speaks to the need for data driven management that integrates multiple sources to afford the tools to the front line to contextualize recovery, offer solutions and to communicate with guests by their preferred channel of communication. It cites the example of Marriott and Salesforce partnership and how the implementation is approaching the guest experience through multiple touch points through the deployment of guest management solutions that leverage AI, CRM and analytics to make interactions meaningful, relevant and human.
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