If you work in the field of sales commissions, you’re likely aware of ASC 606, the five-step revenue recognition model and timelines. The basic premise on which both ASC 606 and IFRS 15 have been formulated is that an organization can recognize revenue from a customer contract only when the
Flight delays because of weather are inevitable for frequent flyers and infrequent travelers alike. Fortunately, we are living in an era in which applications such as the flight predictor app can be quickly and cost-effectively designed, built and tested to stay abreast of useful information for
Environmentally friendly processes are becoming an important consideration for consumers. Analytics-fueled strategies for minimizing the environmental impact of driving practices can help your company reduce its carbon footprint and gain a competitive advantage with green-minded consumers.
Across the rail and freight logistics industries, traditional approaches to asset utilization are shifting to accommodate a data-driven and proactive future where analytics and data insights provide companies with greater returns.
The really cool thing about big data and multiple data sources for today’s advanced, web-based applications is that a variety of open source databases can provide specialized support for different application components. If you’re involved in application development, discover why achieving polyglot
With so many different channels at their fingertips, millennial travelers have grown up exposed to, and interacting with, devices. At work and at play—particularly in the travel industry—they have their own preferences for researching, booking and experiencing their destinations. Gain a contextual
The travel industry is undergoing a seismic evolution, based in large part on disruptive technologies fueled by data and analytics. Two key trends causing these paradigm changes are location services and intelligent mobility.
Travel providers are increasingly turning to data insights around demand, predictive intelligence and social analytics to empower and elevate their marketing promotions and offers. Businesses in the travel space can leverage past seasons' data to make next season's guests and travelers happier and
Cognitive computing is a powerful tool for intelligent asset management in the rail industry, particularly when coupled with data analytics. From whole rail system maintenance and development to single wheels on train cars, here are some ways data-driven railway innovation is unfolding on a global
Travelers are willing to share their personal data to receive a better experience. For leaders in the travel and hospitality industry, this provides an opportunity to reach new heights by identifying ways to reach today's connected consumers.
In recent years, customer loyalty has become even more important to airlines' success. By using data analytics to understand customers' needs, airlines can determine how to stand out from competitors and offer meaningful customer experiences based on individual preferences.
For the transportation industry, predicting operational failures before they occur cuts down on the high costs that come with lost productivity and limited performance. Consider the ways technology is making businesses better able to take a proactive role before breakdowns disrupt critical
It's a mad, mad, mad digital world, with digital connections, purchases and reservations to be made around the clock and around the world. Deeper insights gleaned from a broad array of digital sources can help travel providers increase demand while managing customer expectations.