Altexsoft

JANUARY 17, 2020

So how can entrepreneurs sleep soundly knowing they’re building the right thing that won’t wind up on the shelf? It will take a while and won’t necessarily pay off. Delayed decisions: put it off until you have enough data to draw an informed conclusion. There’s no universal management paradigm for freshly minted companies.

Off-The-Shelf 20

Off-The-Shelf Metrics Minimum Viable Product Innovation 20

Altexsoft

APRIL 24, 2019

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? Would you consider fixed costs, competitor prices, or both? Two biggest tasks businesses have to address in this regard are revenue management and price optimization. Pricing automation.

Artificial Inteligence 73

Artificial Inteligence Machine Learning Software Review Retail 73

Altexsoft

MAY 30, 2022

Instead of getting out of bed and switching off the lights manually, you can open an Alexa app on your phone and give a voice command like, “Alexa, bedroom lights off.”. An AI-based chatbot is also software programmed to mimic human conversation. Here’s the catch though. Text and voice-enabled conversational bots.

Artificial Inteligence 52

Artificial Inteligence Technical Review Machine Learning Artificial Intelligence 52

Altexsoft

OCTOBER 19, 2018

So, we try to remember whether we’ve locked doors, turned off home appliances, checked bags (again!) We distinguish three types of public transportation apps: general purpose apps, apps by transport providers, and apps used for the hop-on hop-off tours. Hop-on hop-off tour apps. Scheduling and disruption tracking.

Transportation 65

Transportation Mobile Travel Off-The-Shelf 65

Altexsoft

SEPTEMBER 7, 2021

However, with the advancement of technology and the introduction of digital platforms, insurers can now frequently interact with clients, collect their data, provide personalized services and loyalty programs. And it’s slowly paying off. The customer loyalty problem in insurance. It is set to increase from 15.8 percent in 2022.

Insurance 59

Insurance Technical Review Strategy Technology 59

LeanEssays

AUGUST 19, 2015

Let’s consider the friction involved in taking a taxi from an airport to a hotel. I also bring enough local currency to pay for a taxi ride to my hotel and check on whether a tip is expected. One third of the fuel that goes into a car is spent overcoming friction. Who knew electric cars had such an advantage? That’s cognitive load.

Software Review 71

Software Review Weak Development Team Government Banking 71

Altexsoft

JUNE 2, 2021

However, if you are, say, a hotel, a law firm, or a daycare, you probably don’t have a problem counting your office supplies, towels, light bulbs, or furniture items and don’t need a sophisticated inventory management solution to maintain records and support the reordering process. What is inventory management? eCommerce businesses.

Software Review 72

Software Review Technical Review Software Technology 72

Altexsoft

MAY 5, 2023

The short-term rentals (STR) market has been expanding rapidly in recent years, with popular vacation rental platforms like Airbnb, Booking.com, and VRBO transforming how people travel and lodge. As this industry progresses, property owners and managers constantly search for ways to improve their operations and outpace their competition.

Artificial Inteligence 59

Artificial Inteligence Machine Learning Technical Review ChatGPT 59

Strategy Driven

JULY 13, 2011

Performance measurement typically drives much of the way a large company works. We talked extensively in this book about how accounting profits or profit growth as a sole performance metric doesn’t lead to value creation. They don’t tell you how well the business is positioned for future growth and ROIC improvement.

Performance 24

Performance Metrics Pharmaceuticals Sustainability 24

Altexsoft

DECEMBER 10, 2019

And that episode was not a one-off. The innovation cost American Airlines a whopping $40 million (nearly $348 million in 2019 prices) and took 400 man-years to prepare functional requirements, write program specifications, and complete coding. Something that happens quite often nowadays. The first generation: legacy systems.

Airlines 18

Airlines Systems Review System Travel 18

Altexsoft

JUNE 25, 2022

Besides, due to the specific nature of the industry with high-value one-off payments, a big number of businesses across the world, and rapid customer consumption of services, the travel and hospitality sector is a huge target for fraud. In 2019, the travel and hospitality industry accounted for a whopping 10.3 percent of global GDP.

Travel 52

Travel Software Review Software Airlines 52