How the Internet of Things Will Affect the Travel Industry in 2019

How the Internet of Things Will Affect the Travel Industry in 2019

The Internet of Things (IoT) has moved mainstream, making daily life easier for everyone. Nearly one in five adults in the United States has access to a smart speaker in their home, and that number will only continue to grow.

Smart technology doesn’t just help us in our homes, assisting in playing music and turning off lights—it’s also a strong presence in today’s world of travel.

In 2016, for example, Delta Airlines invested $50 million into a sophisticated bag-tracking system that notifies passengers of their bags’ location via push notifications through the Delta app. If a passenger misses their connecting flight, the new system helps employees to locate the bag and retag it so the passenger can be reunited with their luggage at their final destination.

So, what are other ways the IoT affects the travel industry, and what smart services should we be looking forward to in 2019?

What’s in Place Now?

There are many smart technologies already in place in the travel industry that are primed for real growth this year. These additions make traveling easier and more efficient for travelers and for the industry as a whole.

Airport Navigation Assistance

The hurried pace inside the airport can often be frustrating for travelers, making navigation ...

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3 Essentials for Using Big Data for Financial Forecasting

3 Essentials for Using Big Data for Financial Forecasting

At this point, big data’s impact on the way companies operate is no longer up for debate. Proving itself to be a key player in everything from marketing to retail, big data’s prevalence in business grows every day. Information about exactly how populations spend their time and money is more available than ever before, and it’s up to individual companies to decide how they want to use that vast knowledge.

In 2018, big data stands to make the leap from vague, intangible concept to accessible resource. As new tools store, organize and decipher big data, it becomes increasingly more usable, and the way businesses conduct financial forecasting could be significantly affected. If you’re considering using big data in your own financial forecasting, make sure you have these three things in place to get the most out of your data.

1. The Right Technology

Trying to harness the power of big data without the proper systems in place will leave you lacking a clear direction. While that might seem obvious, deciding on the tool that will work best for your needs isn’t always easy. Fortunately, many software companies know of big data’s potential and are creating dashboards for companies to track analytics more efficiently. ...

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Why Chatbots Should Be Part of Your Big Data Plan in 2018

Why Chatbots Should Be Part of Your Big Data Plan in 2018

Two buzzwords worth knowing in tech: chatbots and big data. These technologies are constantly improving, and their intersection is one of the most exciting places to be in tech in 2018. Read on to find out why.

Big Data Is the Future

At this point, you’re probably familiar with big data—the steady and gigantic flow of information businesses collect and leverage to improve marketing and customer service.

Big data is getting really big. Experts are predicting that we’ll be sitting on 35 zettabytes of data by 2020. A zettabyte is roughly one billion terabytes. So what do we do with all that information? Build a better robot that intersects chatbots and big data.

Where Chatbots Come In

Chatbots are AI digital concierges for users. They answer questions, provide direction, and give users information. The biggest advantage of chatbots is that they’re automated and can handle mundane, repetitive, time-consuming tasks, leaving human workers free to do things only humans can do.

“Chatbots provide a natural way for customers to interact with companies,� says Harrison Brady, Communications Specialist for Frontier Communications. “The conversational nature of chatbots helps create a more intimate atmosphere than an app can, and for many uses, it’s also more intuitive.�

This means that the user ...

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