Big Data - Challenges for the Hospitality Industry

Big Data - Challenges for the Hospitality Industry
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Hotel companies who are able to deal with Big Data will create a sustainable competitive advantage. But what is Big Data and how can we use it in the Hospitality Industry? What is the distinctive value and what are key areas for a successful implementation? Michael Toedt explains in this book the biggest hurdle – the lack of knowledge within the senior management and the willingness to implement the necessary changes – and gives hoteliers recommendations to avoid the main failures.

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Michael Toedt. Big Data - Challenges for the Hospitality Industry

CONTENT

FIGURES

Abstract. The Power of Big Data and its Influence on Daily Business

1. Introduction. Find your Way into Big Data. 1.1. The Increasing Amount of Data

The volume of data is increasing by 35%-50% per year

90% of all available data has been generated in the past two years

McKinsey considers Big Data a new type of corporate asset

1.2. From Data to Knowledge or from Big Data to Big Insight

Cleaning and linking of data are often ignored or underestimated

2. Big Data in the Hotel Industry. Great Opportunities for Quality Management, Service Improve-ments and Direct Distribution. 2.1. Pregnant Without Knowing

2.2. Data throughout the Customer Journey

Hotels have access to a huge volume of valuable customer data

The Eight Phases of the Customer Journey

2.3. The Reality

Email newsletter shows the Big Data competence of the sender

3. Changes Required. Big Data involves more than just data. 3.1. Changes within the Organizational Structure

Will Big Data increase the significance of the marketing department?

3.2. The Central Data Ware House - The Heart of Big Data

Big Data follows the data warehouse approach

An operational system is not an appropriate data warehouse solution

3.3. IT Investments

Hotels operate up to 40 different IT systems

3.4. Big Data and Customer Relationship Marketing (CRM)

Hotel companies have no control over their data

4. Conclusion. The Essentials

Big Data will split organizations in those who know and those who just guess

Literature

Index

About the Author

About Toedt, Dr. Selk & Coll

Further. Publications. For more publications of TS&C and Michael Toedt visitwww.TS-and-C.com. Books

Magazins and Journals

Отрывок из книги

Big Data

1. Introduction

.....

3.1. Changes within the Organizational Structure

3.2. The Central Data Ware House - The Heart of Big Data

.....

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