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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). This applies to his IT group as well, specifically, in using AI to automate the review of customer contracts, Nardecchia says.

Budget 218
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ChatGPT: le nuove sfide della strategia sui dati nell’era dell’IA generativa

CIO

Le aziende italiane investono in infrastrutture, software e servizi per la gestione e l’analisi dei dati (+18% nel 2023, pari a 2,85 miliardi di euro, secondo l’Osservatorio Big Data & Business Analytics della School of Management del Politecnico di Milano), ma quante sono giunte alla data maturity?

ChatGPT 78
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Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role

Altexsoft

KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. KPIs in hotel revenue management. Revenue per available room (RevPAR) – a KPI that assess financial and business performance of a hotel. This KPI captures a snapshot of overall business performance.

Hotels 66
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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Accounts payable are most vulnerable to errors (whether deliberate or not) due to disconnected and inaccurate information, especially if you have to deal with a big amount of documentation and process multiple transactions. The market is constantly changing due to a myriad of factors. Contract management to review and audit agreements.

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Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

Top inventory management KPIs We can’t describe all the inventory KPIs that exist out there, so we’ll focus on the most popular and actionable ones. We’ll also suggest a few tips on how to approach inventory-related business intelligence. Obviously, all businesses strive to minimize shrinkage. So let’s dive in.

KPI 52
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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Revenue managers have to focus on this KPI to develop the revenue potential of all hotel departments and adjust the package offers and the entire upselling strategy. The CPOR is a crucial KPI that allows you to monitor your expenses.

Hotels 64
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A Complete Guide to Enterprise Application Development 

Openxcell

Due to this, companies have seamlessly integrated these applications into their business operations, which, in turn, has led to enhanced efficiency & improved engagement with employees and clients. Thus, these dynamic enterprise applications have become imperative to achieving indispensable goals for business.