The travel industry is advancing rapidly every day. It is more than just transporting goods and people from one place to another. The term is broadly used for aviation, travel, and tourism industries – accounting for 10 percent of the global GDP. There is an endless opportunity for businesses in the travel industry to capitalize on their USPs and unlock tremendous potential.
Businesses today have the resources and opportunity to deliver truly personalized, seamless, integrated, digital, and data-driven experiences to their customers. The key is cracking digital transformation in the travel industry.
Leveraging the right technology is key to succeeding in today’s highly competitive industry, and customer experience is a key differentiator. Technology empowers airlines with new ways to improve all aspects of air travel and air transportation. Major carriers must take advantage of innovative new technologies, such as AI/ML, cloud, and mobile – to gain elasticity, agility, and efficiency.
ValueLabs has crafted a unique blend of travel technology consulting solutions for the Airline Industry. We focus on delivering performance-testing dashboards for unifying data, deriving insights, and enhancing testing processes. We provide solutions for airline core IT modernization, data platforms, passenger service systems, and increased operational efficiency by automating most back-office operations.
Airports are handling increasingly complex operational challenges that are being met with exciting innovation across both business and technology. Smart digital investments demonstrate an attractive business case for airports, offering the potential to increase revenue and reduce costs. Digital transformation at airports leverages technology solutions such as indoor geolocation, identity management, passenger flow management, data mining, artificial intelligence (AI), and the Internet of Things (IoT) to improve safety and security and streamline their business and operations.
Cruises continue to remain one of the most popular vacation options worldwide. As the world continues to gradually open for travel, leaders in the cruise industry are looking to leverage the next wave of travel technology solutions to improve passenger experiences. Technology can ensure faster embarkation and debarkation leveraging onboard safety and security tools while centralizing data management, amenities, packages, activity scheduling, and sales. IoT technology, artificial intelligence, and connected devices are solutions that are driving growth in cruise lines.
The ports industry faces various emerging challenges, including growing freight traffic, increasing pressure to address environmental concerns, operational challenges, and pandemic-induced disruption. The global emergence of third-generation ports with large-scale containerization has witnessed ports leveraging technology for cargo traceability and operational efficiency, reducing turnaround time, and shoring up the bottom line. To overcome these challenges, port operators are increasingly turning to technology. Six different technologies are emerging as critical enablers of operational efficiency and insight that are – the Internet of Things (IoT), blockchain technology, drones, High Bay Storage (HBS) system, data and analytics applications, and digital exchange platforms.
The metro rail system has proven to be the most efficient, offering lower energy consumption, improved space utilization, and the ability to transport masses. By embracing digitalization in all its operations such as asset management, signaling, manufacturing, and passenger information system — metro railways are on track to improve revenue as well as passenger experience. The industry is driven by emerging digital technologies such as 5G, big data, IoT, automation, artificial intelligence, and blockchain. It is hard to overstate the impact of digitization on the railway sector.
In the world of digital transformation in the travel industry, car rental facilitators should opt for technology such as AI for vehicle inspections and computer vision. AI can also help with sustainability, track damages, and calculate repair costs, leading to transparency and economical maintenance processes.
Fleet management connectivity comprises the information we gather from vehicles, including telemetry and AI, to improve safety, tracking, monitoring, compliance, and security. All these come together as critical components of fleet management solutions. Fleet management efficiency has improved significantly by implementing GPS tracking systems, geofencing technology, and real-time tracking. Futuristic technologies such as 5G networks, mobility-as-a-service, and vehicle automation, are poised to take fleet management to a new level. Telematics and the IoT are highly intertwined with fleet-management systems.
ValueLabs has an overall experience of 20+ years of delivering IT solutions for the Travel industry. We have a long history of providing industry firsts that have helped our customers generate revenue and increase yield through domain expertise and digital tools. The team at ValueLabs can help you with product discovery, customer journey mapping, app re-engineering, the development of booking engines and travel itineraries, and the creation of holiday packages using data analytics, among other options. With a strategic partner behind your business, you can reduce costs, save time, unlock competitive advantage, drive revenue, and create personalized and memorable customer experiences.
Achieve excellence irrespective of your travel services requirements with the diverse and experienced skillset at ValueLabs.
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