Archive for June 15th, 2010

Technology for Hotels and Hoteliers

Anytime from mid to late June, my diary is normally reserved for attending at HITEC, undoubtedly the world’s leading hospitality technology event. This year was no exception so I found myself in Austin, Texas. What a great place – with hotels close to the Convention Centre, this ‘Live Music Capital of the World’ also enjoys being one of the world’s technology innovation capitals. This year I came away excited by the evidence that the global hotel industry and its technology providers are working on the right issues.

HITEC offers a one-of-a-kind combination of highly rated educational sessions, a large technology exposition and many, many sponsored evening celebrations for those ever valuable networking opportunities and conspicuous consumption of margarita cocktails! Sessions are led by industry peers and experts whilst the expo showcases the latest industry products and services from over 300 companies. Combined with the opportunities to connect with fellow hotel technology professionals, HITEC has everything to keep me current in my thinking for this day and the future. This year I came away excited by the evidence that the global hotel industry and its technology providers are working on the right issues.

Innovation

Today’s connected world grants for businesses to be structured in very different ways, with innovation being accessed from both inside and increasingly outside the organisation. In some ways of course this is the trend that Hotel Solutions Partnership is part of – enabling clients that engage online to import expertise that can be delivered in mortal and/ or on-line. There are many examples of hotel companies distributing and networking to garner a higher level of thinking and innovations in service, experience, design, creation and execution than that which is acquirable within the four corporate walls.

I’ve written in these columns before about how technology is allowing the customer to be the innovator of the bedroom experience and once again I saw the Guestroom of the Future at HITEC. Such has been the interest that Guestroom 2010 is looking much further into the future by recently re-branding as Guestroom 20X. At this years show I also noted that progressive hotel brands are increasingly willing customers to engage online with one another and with the organization. The goal is to tap into this new type of guest engagement for shareholder gain. Brands are engaging with guests to design, test and market different elements of the guest experience. With improved insights into the guests needs, such brands should be superior equipped to swiftly reconfigure the hotel product, service and overall experience.

As my associate Larry Bowman points out later, technology grants employers to tap into the pool of talent in very different ways than in current years. And I think we will see an increasing willingness to outsource more and more essential but non-core processes leveraging the web as hotel companies drive toward further and further productivity gains.

Business information

My hobby horse for a number of years has been the opportunity that BI (business information) systems offer; Take a look at the tools provided by such vendors as Datavision and Aptech. Systems are becoming more and more interconnected through common standards (think of HTNG’s efforts in this regard) for exchanging data – providing not only better, deeper and wider information for decision making but also enabling new levels of automation.

But its also unbundling that is a trend – using other companies and entrepreneurs to enable rapid scaling (up or down) whilst keeping equilibrise sheets light and tight. This is more and more enabled by technology (e. g. Saas) where hotels and hotel companies are more trusting of security and bandwidth reliability and are making superior use of web services and related technologies.

These columns have previously drawn attention to the role that technology tools have played, are playing and will play, in transforming revenue management. Predictive technology tools are increasingly acquirable and used – bringing more and more discipline into many aspects of hotel management. Sometimes I sense the equilibrise has gone a tiny too far (don’t lose sight of the hotelier in us!)but there can be no doubt that the hotel industry is a much more effective individual of productivity and performance enhancing technology tools than it was even a few years ago

Evolution

Finally in this rapid scan crossways the technology acquirable to the 21st century hotelier it is worth also remembering that some businesses have evolved that are essentially accumulating pools of data and making revenue by providing access to selected data or the entire data. TravelCLICK is perhaps the most obvious example of a business based on this premise, but so too the newly emergent STR Global.

I wonder what the technology landscape in 2020 will be like. Any suggestions? You can bet your last dollar that the new and inventive landscape will be badged as addressing “Generation Z’s” “must haves”. It’s a tiny scary to be a member of the Baby Boomers – now there is something I can’t change.

technology approach to managing business processes

Fortune 500 companies invest heavily in individualized and technology today. A good percentage of the IT investment is focused on the automation of certain repetitive tasks or tedious process. The intent is to improve efficiency by speeding up a particular business processes through the use of technology and perhaps use some software products company for the same.

check, but before you use technology the way things are automated and accelerated, it is first important to think about whether advances in information technology and communications make the need for an existing business processes are unnecessary, irrelevant, unnecessary or obsolete. In this way, the resources of a company reorganized and therefore more effective use to achieve the objectives of the organization of firms, rather than spending time and energy in the automation of processes required.

How we define the technological process technology to help the progress of information technology, communication and online networking to rethink fundamental rethinking and immoderate business processes and their supporting IT products with dramatically improved performance, such as cost, quality, access the service, and speed and achieve business goals and customer satisfaction.

The challenge is how to redesign business processes and things work superior identified by the use of Advent in technology. The central intent is that technology and business goals centered relative to its heritage centered and process-oriented. Changes in technology, business processes safely avoided, but the usage and inertia, things a certain limit to how managers think inside the box. Instead managers find themselves with technology accelerates existing processes through IT, to assess whether the technology can be used to replace a business process or value chain through superior technological process reengineering.

The first step is to analyze what are the business objectives of the division and / or organization. Analyze the mission statement of the organization and the value of assets, the organization provides. The key is understanding what the business needs, rather than, as is now

analysis makes use case diagrams, workflow, storyboard-analysis is a great way to complete the business case existing registration. But keep the use cases so focused on what is necessary and not how to accomplish the need. study

Second, what customers want and need is their business. Customers could end customers or, for example, all celebrations within the value chain are customers to apiece other again.

Once everyone comprehends what the company needs, it’s time to brainstorm existing technological tools and focus on the “how.” This recommends outside the area and implement technology solutions, while understanding the business processes underlying demand basis. Think about what technological innovation, the company will grant directly without the need to be met by additional steps in between.

also look at how technology is currently the world few people outside of the operating business. This is an primeval indicator that the technology can and will soon be part of the business. For example, communication by e-mail began through individualized use, but soon expanded the business use. Similarly, Twitter and other social networking sites began as a platform for individualized use, but now have a way to communicate with their customers and the public.

Thus process improvement focused on technology focuses on ways to capitalize on the changing world of business and communication. He thinks of innovation in business processes due to technology and technology is the “pull” driver instead of the processes and practices limit the imagination and forces existing business processes on the same drive . Tools and advances in technology and communication can be considered to achieve the goals of clients, some processes can be replaced by technology rather than adapting the technology to be used to automate existing processes.

– Articles by Prashant Ram

<p Prashant Ram Senior IT Executive based in New York.

It has over 10 years experience in consulting with various extensive experience in strategic management of IT, business development and financial trading systems. Its strategic IT initiatives include improving organizational processes such as Six Sigma and CMM Level 5 practices. His Wall Street experience and expertise in the financial trading system spans multiple business applications, including applications E-DAT/ECN for NYSE and NASDAQ, trading algorithms and software for online trading.

It is the author of various online resources on topics ranging from financial transaction system, the methods of project management and strategic management to new ideas in business development for global companies and continued growth of India as an economic power home in the next decade.

Prashant has an MBA from the University of Massachusetts at Dartmouth, with a specialization in Finance and a Masters in Personal Science from the University of Massachusetts at Dartmouth. He holds a Bachelor of Engineering (Computer) at the University of Mumbai (Bombay).

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