article thumbnail

Understanding the Building Blocks of Hospitality

Business and Tech

The hospitality industry is facing rapid changes as technology advances and the modern consumer demands more. Connecting the operational knowledge with a particular interest area — such as finance, marketing, technology, or sales — will help build a strong career. Michigan State University’s Karthik Namasivayam offers advice.

Industry 130
article thumbnail

You Might Need a Loyalty Program If…

Business and Tech

Look at the airline, hotel, rental car, and specialty retail industries. While a loyalty program alone won’t truly differentiate you, for countless industries and consumers, a strong loyalty program is the “tie-breaker” at the moment of truth. Don’t buy it? Your “leaky bucket” looks more like a sieve.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can AI Help Reframe Business Problems?

Stephen Shapiro

Consider implementing technology solutions: There are a number of technology solutions that can help improve the baggage handling process, such as RFID bag tags and automated sorting systems. Work with airlines and other partners: Collaborate with airlines and other partners to find ways to improve the baggage handling process.

ChatGPT 98
article thumbnail

The Risks of Sticking with Legacy Technology

Daniel Burrus

Legacy technology is like that old pair of jeans you wore as a teenager. Move that anecdote onto a larger stage and you have a fairly accurate picture of why many organizations hold on to legacy technology—tools that are long outdated: comfort. In a world of exponential change, legacy technology is trouble. Compliance penalties.

article thumbnail

The Hard-to-Abate sectors need innovation solutions to reach Net-Zero Co2 Emissions

Paul Hobcraft

These are the really big carbon emitters and it is argued that they could achieve, using known technologies already under development a pathway to complete carbonization over the next decades. We have already started on the path to decarbonize electricity and to electrify light industry, buildings, and light transport.

article thumbnail

Visionary Thinking: How Leaders Shape the Future

Phil McKinney

Visionary thinking is breaking down long-standing norms that have always dictated how the industry functions and what companies are expected to be like in the coming years. They develop new business models and promote innovative ideas that have the potential to revolutionize their organization's industries.

article thumbnail

The Dangers of Legacy Thinking

Daniel Burrus

Legacy Technology—Dangerous but Also Diverting. Legacy thinking has a better-known cousin—legacy technology. The issue of legacy technology is old news—in more ways than one. As you probably know, legacy technology refers to old forms of technology that are simply no longer optimal. Legacy Thinking Defined.

Agile 63