Sunday, 24 April 2016

The Various Avenues for the Hospitality Industry in Handling Data

The terms big data has been circling the industry of business and technology for a time now. It is also continuing to grow in popularity still. Companies have been hiring engineers, computer experts and Adam additions from all over the globe the tip the scales of balance and use the potential of big data to their advantage. This way, they will be able to handle the change and become the pioneering movements in government and society as a whole.

Big Data Concepts by Luke Lonergan

Big data is a set of algorithms that yields various formulas and numbers into much more understandable chunks to give out clearer probabilities and correlations; two of the most powerful weapons that any management team can use. As an example, this algorithm can be used to hire new recruits and learn more about their attitude for the job even before the first interview. 

On the other hand, for the different customers in society, they will be able to gain insight on the efficacy of any product that gets sold in the market. They will be able to realize the probability that some of the products may not be as high quality as the manufacturers claim to be. As a further example, let us explore the hospitality industry and build interesting statements from there.

Luke Analysis for Big Data and Cloud Computing

There are two kinds of customers for the travel and hospitality industry: those who plan months before taking vacations and those who are spontaneous enough to go on a whim. Using the second one as the basis for big data plans, this algorithm can make only a few efficient business models to help cut the costs. The big data models can help predict how the first traveler can end up spending his money and therefore make suggestions on how to save but still enjoy his vacation.

Mathematicians and computer scientists will be able to create various algorithms that give rise to a variety of artificial intelligence with a high amount of e-learning capacities to figure out probabilities. With these programs, computer personnel will be able to study the probabilities and correlations between variously related parameters.

As an example, scientists and mathematicians have developed algorithms that will be able to predict most of the travel patterns of many customers, which can help them plan out the vacation quite efficiently with minimal payments. Because of these automated business models, computer experts and scientists will be able to suggest, which airlines to take and which hotels to stay in to save more cash in the future. 

Big data uses scores of information and statistics to suggest a much more efficient output for any course of action. Nowadays, there is a vast amount of data, which can help the big data program analyze the value of people in the company by the use of computer applications.

About Luke Lonergan

Luke Lonergan is the co-founder of Greenplum and a renowned industrialist in the field of Big Data and Cloud computing. Luke Lonergan lives in San Francisco currently.

1 comment:

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