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B2B Travel Platform For Corporate Travel Management

Altexsoft

With airlines such as United and American shifting content away from legacy Global Distribution System (GDS) channels towards their own platforms and NDC-enabled channels, businesses relying on traditional GDS systems face a challenge. Corporate travel management comes with its unique set of needs and challenges. Legacy GDS limitations.

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Schedule Optimization: Technological Approaches and Use Cases

Altexsoft

Metrics or KPIs are the measurements that show the effectiveness of your schedule and can be compared to support decision-making. In this article, we’ll talk about schedule optimization, describe the most typical technological approaches to its automation, and look at some use cases across industries. What is schedule optimization?

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Air Waybill (AWB) and e-AWB Explained

Altexsoft

Evidence of receipt of goods by an airline – once signed, it’s a legal proof that an air carrier received the goods to be transported (in case any disputes arise). Issued by an air carrier or carrier’s agent, an AWB provides all details about transported freight and enables tracking. AWB functions and information included. A sample AWB.

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Friction

LeanEssays

One third of the fuel that goes into a car is spent overcoming friction. By comparison, an electric car loses half as much energy - one sixth - to friction. Who knew electric cars had such an advantage? Friction is the force that resists motion when the surface of one object comes into contact with the surface of another. More cognitive load.

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Dynamic Pricing Explained: Use in Revenue Management and Pricing Optimization

Altexsoft

For instance, an airline can secure itself from bad sales during a low-demand season or before an upcoming departure day by putting tickets on sale. 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? Pricing automation.

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Propensity Model: How to Predict Customer Behavior Using Machine Learning

Altexsoft

Built in a traditional statistical fashion, the accuracy of outcomes predictive tools provide isn’t always high. To help companies unlock the full potential of personalized marketing, propensity models should use the power of machine learning technologies. Alphonso – the US-based TV data company – proves this statement. What is a propensity model?