1 / 5

Why machine learning important to travel industry

A recent Machine learning development company in USA study on strategic measurement shows that 70% of marketing executives are adopting machine learning techniques due to their impact on marketing activities. And the number is very likely to rise as data science is certainly responsible for major changes in many industries, especially in travel.

koteshwar
Download Presentation

Why machine learning important to travel industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Why is machine learning important in the travel industry Improving the customer experience and personalization has been on the minds of travel industry players lately. With a wide variety of solutions available on the market, it is easy to find ways to achieve these goals in a relatively short time. However, there is a term that has been in the headlines of the industry for its great power when it comes to presenting good results. Machine learning, or ML, can be a great accelerator for companies looking to add value to their services. First of all, what is machine learning? Machine learning is part of artificial intelligence or AI. It is capable of collecting and analyzing data to make subsequent predictions. The process begins with the introduction of data that is then analyzed according to its relationship. Finding the patterns allows you to organize your data and create a model. After developing the model, it is possible to make predictions, and the more the system is fed with data, the more accurate these predictions will be. A recent Machine learning development company in USA study on strategic measurement shows that 70% of marketing executives are adopting machine learning techniques due to its impact on marketing activities. And the number is very likely to rise as data science is certainly responsible for major changes in many industries, especially in travel. Intelligent Travel Assistants: Customers are increasingly looking for convenience and friction-free service. Data analytics can be assisted by virtual travel assistants. These digital janitor apps use artificial intelligence to automate certain tasks. The user interfaces with the bot via

  2. chat conversation. It treats the booking process as a conversation with a personal assistant. There are many customers who prefer this kind of easy, turn-key booking experience. As AI becomes more sophisticated, we should expect this feature to become more popular. Flight and hotel price prediction: Ever wonder how you can get the best recommendation for hotel or flight deals from such a large data set? Well, it is all due to the powerful AI / ML technology that automatically monitors the market and provides the best deals. Popular booking websites like booking.com and Trivago operate on real-time and historical data that keeps their customers on the website for a long time. For online travel agency portals, every visitor is a potential customer and no OTA will want to lose them. Therefore, to get a head start on their sales, OTAs use the power of AI / ML to hook new customers and entice them to book more trips. Optimized disruption management: What is automated outage management? It basically means solving the obstacles that a traveler may face on their way to their destination. As the name suggests, it is a way to automatically handle plan outages. Interestingly, advances in artificial intelligence development in USA and predictive analytics now provide businesses with a way to prevent outages before they occur. This real-time outage management can take the form of a new route to avoid bad weather or significant delays. Because these things are a major source of dissatisfaction that travelers experience on travel, finding new ways to manage and even prevent disruptions is an important opportunity. Customer Support: Speed of response is key for customers in the travel industry. Artificial intelligence tools can help optimize customer service processes. In a recent survey, the tools were found to improve efficiency with excellent results. For example, what takes a seasoned customer service professional to 15-20 minutes took less than a minute to complete an artificial intelligence tool. To build trust and loyalty, you need to combine human staff with virtual assistants. Speed isn't the only thing required in a customer relationship business. Physical interaction is vitally important because it gives customers confidence. A passenger who lost a suitcase would feel safe when he informed a human assistant who uses the virtual tool to find it in the shortest possible time. Also read: How much does it cost to develop travel apps

  3. Smart travel assistance and responsive customer service: In the fast-paced online world, users browse various sites before making a purchase decision. On this trip, the user's travel assistance is important for a smooth booking experience. Today, most OTAs are harnessing the power of artificial intelligence virtual travel assistants and interactive chatbot systems that provide easy and seamless assistance to users. Customer service plays an important role in the travel industry, where any user can access the website at any time to make a reservation. Therefore, to make the customer journey easier, most OTAs are integrating chatbots. According to the HubSpot research report, 71% of people use chatbots to solve their problems quickly. Chatbots provide full customer support 24/7, reducing the burden of human customer support. AI / ML-leveraged chatbot development is an interesting way to keep users engaged and optimize various aspects of customer service. Through a custom programmed chatbot, users can get basic information and answers to frequently asked questions for a smooth user experience. Optimized Disruption Management: Automated outage management helps solve real problems that come your way. It has been used successfully at the business level. Since outage management addresses time sensitivity. It requires instant responses to problems that arise. There are numerous possibilities that can cause flight delays or cancellations. Interruptions can cause great inconvenience. For example, you may be stranded in Europe at odd hours of the night when you need to get to Tokyo in time for timely meetings. This could lead to large losses. Now it is possible to predict outages. This knowledge helps travelers mitigate the loss before the incident. For example, the site tool has successfully improved the efficiency of business travel. In addition to travelers, the tool also serves travel management companies by offering real-time management solutions. Conclusion: The use of ML has allowed hotels to have progressive tools to evaluate and improve performance and tourism today is developing based on technological availability from the search for information about a specific travel destination. In addition, reservations and reservations through the online system have become easier to select and switch from one comfort zone to another with advance offers. The support and use of AI services tools have made hotel occupancy more flexible than ever. To get to a point where hospitality organizations can apply machine learning systems for customer satisfaction and employee task support, management must be motivated to use modern technology.

  4. Tourism should focus on ML technology to develop a better service system for tourists and support hoteliers through technological advancement in the organization. This research contributes to the tourism and technology literature by shedding light on the use of ML in the advancement of tourism to predict future business conditions, income, challenges and also to identify the current trend in tourism demand. In addition, it helps improve hospitality-related machine learning approaches and indicates impacts, in addition to what is mentioned above, which best applies to big data in the hospitality industry. This research also expresses the value of connecting rational ontologies and ontologies and also considers the difficulties of data analysis capabilities in hospitality. In the future, the author proposes to convey about the application of ML in automated customer service setup and to identify the impact of ML on hospitality employment and the extent to which customers are satisfied with ML systems. Comparing automated machine learning techniques, such as the use of a robot and human involvement in customer services, may also become a source for future research. Also Read: machine learning in supply chain management As a mobile application development company in Texas , USM Business Systems enables your business to deliver a great customer experience and become smarter by implementing artificial intelligence in your products and business operations. Our artificial development services include the creation of BI solutions, NLP-based applications, computer vision applications, voice assistants, and chatbots.

  5. USM Business Systems turn your AI Vision into reality by applying our intelligence and expertise in Computer Vision, Deep Learning, Machine Learning, and Natural Language Processing. We work with companies of all sizes to create artificial intelligence products, from consulting to development, user training, and maintenance. Our Data science development services in Virginia are made up of data scientists, artificial intelligence analysts, designers, full-stack developers, and software architects. WRITTEN BY Koteshwar Reddy I am working as a Marketing Associate and Technical Associate at USM Business Systems. I am working in the Deep learning company and Cloud migration services . I completed B.E. in Computer Science from MIT, Pune. In my spare time, I am interested in Travelling, Reading and learning about new technologies.

More Related