How Artificial Intelligence will change the Hospitality Industry
A fascinating and at the same time scary topic is entering our working world: Artificial Intelligence (AI). Many industries are already looking for ways to apply AI. So far, not much activity can be seen in the hospitality industry.
More Individuality through Big Data
Artificial Intelligence is a key element of Big Data – also called the Fourth Industrial Revolution. The rational behind is simple and complex at the same time: to find out as much as possible about a customer by using comprehensive data management to then use the insights in order to meet the customer's individual needs. Big Bata stands for individuality. The essential resource is data – huge amounts of data. The maxim is the more data, the better.
Machine Learning is an aspect of Artificial Intelligence, which generates valuable information from more or less useless data. Systems like the Profile Engine by dailypoint™ help to draw conclusions from each booking, each click and each movement. This helps hoteliers to create a constantly growing and learning centralized guest profile.
Central Data Management is the Key
The prerequisite for Machine Learning is a centralized system, where all relevant data streams are linked and the data is stored. Many hotels still use isolated solutions without sufficient linkage, which prevents valuable use of the available data. The constantly growing flood of data can only be leveraged when using a CDM (Central Data Management), which is the consequent evolution of a modern CRM.
Machine Learning helps to create a comprehensive guest profile, which can be used to create a unique customer journey and guest experience. Modern consumers expect tailor-made solutions at all touch points – from the first contact to the proposal, during the actual stay and in CRM. To live ones individuality and to make personalized experiences is the new luxury. This is also valid for hotel stays. The better you know your customer, the better you can adapt your offering and personalize the guest experience.
Mass Commodity Products are passé
Such a comprehensive knowledge base can only be created with the support of Machine Learning. The goal is to create unique experiences for all your customers and not just a few! This will give you a clear competitive advantage and will show in positive economic results. Also mass commodity hotel products are passé.
It makes no longer sense to gain information about the guest by observation and manual processing of the gained information. Questionnaires or observations are outdated; new approaches using the new technology can bring much more information. Hoteliers will know more about their guests than ever before, more than most people can imagine today. The information just needs to be used in a creative and targeted manner.
The intelligent Hotel
Intelligent hotels, where all data streams are linked, are the future. In an intelligent hotel all systems are interlinked, similar to an organism where everything is connected and supplied through veins and arteries. The Internet of Things (IoT) will help to further develop the personalized guest experience. The connection of room control, motion sensors, the integrated TV and voice control systems, such as Amazon's Alexa, Apple's Siri or Microsoft's Cortana are developments which will also impact the hospitality industry.
We are facing quite some changes and it's wise to face them, as this is only the beginning of a huge change process.
Please contact us at [email protected] or +49 89 189 35 69 0, if you are interested in learning more about how dailypoint™ can help you to create an intelligent hotel.
About dailypoint
dailypoint™ is a leading data management and CRM platform for the hospitality industry, providing an advanced solution that unifies guest data from various sources into a single profile. This cloud-based SaaS solution comprises 16 modules and is supported by the dailypoint™ Marketplace with over 200 partners. Its purpose is to enhance the customer journey and improve operational efficiency across all hotel departments. With its headquarters in Munich and offices in the UAE and the USA, dailypoint™ strengthens its global presence through a network of distributors and partners. In autumn 2023, dailypoint™ was recognized by The Leading Hotels of the World as a preferred CRM partner, underscoring its key role in reimagining data management and customer loyalty in the hospitality sector.
For more information visit dailypoint.com.
Michael Toedt
Managing Partner, CEO
dailypoint™