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Tour Operator Software: Itinerary Creator, Booking Engine, and Other Handy Technologies

Altexsoft

For the record, the business developed into a global company operating its airline and dealing with multi-million revenue streams, went through a compulsory liquidation in 2019, and was relaunched as an online-only travel agency in 2020. In today’s digital world, it’s practically impossible without the right software.

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Interpreting predictive models with Skater: Unboxing model opacity

O'Reilly Media - Data

Data Scientist Cathy O’Neil has recently written an entire book filled with examples of poor interpretability as a dire warning of the potential social carnage from misunderstood models—e.g., There is also a trade off in balancing a model’s interpretability and its performance.

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Process Mining Explained: Techniques, Applications, and Challenges

Altexsoft

Process mining is a set of techniques for the analysis of operational processes based on event logs extracted from company’s databases, information systems, or business management software such as enterprise resource planning (ERP), customer relationship management (CRM), electronic health records (EHR), etc. What is process mining?

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OTA Platform: How to Choose a White-Label Solution, and When to Go Custom

Altexsoft

This article explores the capabilities of ready-to-use OTA software and highlights the key reasons to go custom. White-label solutions make building an online travel agency or OTA extremely easy and fast. You can establish your presence on the web in no time — and with minimal upfront cost. The channel share in US travel as of 2022.

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Building a Better Middleman

O'Reilly Media - Ideas

If you constantly review how the two parties interact, you can look for opportunities to mitigate their risk, create new services, or otherwise reduce friction. Note how eBay’s review system provides extra assurance for buyers and sellers to trade with people they’ve never met. Probably in the long term, as well.

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Friction

LeanEssays

Because these companies are creating a new end-to-end experience, they rarely leverage existing capabilities aimed at serving their market; they develop a “full stack” of new capabilities. One third of the fuel that goes into a car is spent overcoming friction. Who knew electric cars had such an advantage? More cognitive load.

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How Retailers Use Artificial Intelligence to Innovate Customer Experience and Enhance Operations

Altexsoft

Forrester Consulting discovered that poor checkout experience and long lines are the third highest reason grocers would skip the line and shop in a different place. A visitor, with an opened Amazon Go app, scans a QR code on a turnstile to enter a store (like at an airport to get on board) and picks up what they need.