Event Technology Firm Turns to Artificial Intelligence To Drive Next-Generation Solutions For The …

EventForte Inc. announces the addition of Artificial Intelligence to complement its data science driven technologies for the hospitality industry, furthering a paradigm shift in the industry’s response to the current challenging economic climate (PRWEB) July 21, 2016 Hotels have been reluctant to change their ways but new methods of increasing profitability have emerged challenging the status quo. Prior to approximately 30 years ago, the concept of revenue management did not really exist in the hotel industry. Prices would be set based on the intuition of hotel owners and the manual checking of past historical records. So what changed 30 years ago? The airline industry was looking for better methods for filling up flights and getting as much as they could for each ticket. Through somewhat sophisticated mathematical principles, the airlineā€¦


Link to Full Article: Event Technology Firm Turns to Artificial Intelligence To Drive Next-Generation Solutions For The …