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Learning Big Data Gathering to Predict Travel Industry Consumer Behavior

2018-10-08 Business & Economics
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Release : 2018-10-08
Genre : Business & Economics
Kind : eBook
Book Rating : 079/5 ( reviews)

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Book Synopsis Learning Big Data Gathering to Predict Travel Industry Consumer Behavior by : Johnny Ch Lok

Download or read book Learning Big Data Gathering to Predict Travel Industry Consumer Behavior written by Johnny Ch Lok. This book was released on 2018-10-08. Available in PDF, EPUB and Kindle. Book excerpt: Challenges of artificial intelligence, algorithms technology and machine learning impact to consumption marketThe challenges of artificial intelligence, algorithms technology and machine learning impact to consumption market are similar to travelling entertainment consumption market. Markets have played a key role in providing individuals and businesses with the opportunity to gain from trade. If (AI) big data gather tool can predict how to change potential customer behavior in success. The challenges to consumers will face that the overall market consumption model will be dominated by the businessmen only. So, it is not fair or reasonable to consumers, because (AI) big data gather tool has controlled or dominated all consumers' minds and it has predicted how and why every kind of product or service consumer shopping model or consumption behaviors how will change.It will bring this questions: How can market designers learn the characteristics necessary to set optimal, or at least better, reserve prices after they had gather all data to conclude the analytical results of their consumers behaviors how will change? How can market designers better learn the environments of their markets?

Artificial Intelligent Data Gathering Tool Predicts Travel Industry Consumer Behavior

2018-10-13
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Release : 2018-10-13
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Kind : eBook
Book Rating : 418/5 ( reviews)

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Book Synopsis Artificial Intelligent Data Gathering Tool Predicts Travel Industry Consumer Behavior by : Johnny Ch LOK

Download or read book Artificial Intelligent Data Gathering Tool Predicts Travel Industry Consumer Behavior written by Johnny Ch LOK. This book was released on 2018-10-13. Available in PDF, EPUB and Kindle. Book excerpt: The challenges of (AI) big data gather shapingthe future of retail for consumer industriesThe future of retail for consumer industries' (AI) big data gather challenges are similar to future travelling industry's entertainment consumption challenges. Another challenge of (AI) big data gather is that how to shape the consumer behavior to let business owner to feel or know oe predict. It means that how it express it's conclusion or opinion for every consumer behavior after it had gather all big data in any data gather period, e.g. three months, half year or one year consumer shopping model data gather period.Because every kind of industry, consumers will continue to demand price and quality change , with a wide range of convenient fulfilment options among of different kinds of products or services supply. Overall, the (AI) big data gather procedure gives opinion concerns every time retail experience will become more exciting, simple and convenient, depending on the consumer's ever-changing needs. So, I believe that (AI) big data gather every conclusion or result will be different, due to consumer's price and quality demand will often change to every kind of product or service supply in retail industry. So, how to shape (AI) big data gathering's analytical conclusion or result more clear. I shall recommend organizations need to build great understanding of and a stronger connection to increasingly empowered consumers before they plan and implement how to apply (AI) big data gather tool to predict consumer behavior as below:Firstly, (AI) is empowered by technology, the consumer is redefining value. The traditional measures of cost, choice and convenience are still relevant, but not control and experience are also important. Globally, consumers have access to more than 2 billion different products choice by a wide range of traditional competitors and dynamic new entrants, all experimenting with new business models and methods of client engagement. As choice increases, loyalty becomes more difficult familiarity and the consumer becomes more empowered. Businesses will have no choice and constantly innovate and disrupt themselves by meeting new technologies of high standards and expectations of consumers. So, (AI) data gather tool will need to follow different target group of consumers' needs to follow their different kinds of product design or style choice preferable to gather data in order to conclude the different target groups of consumer behavior to give opinion more clear and accurate to let businessmen to understand more clear how its customers' behavioral choice trend in the future half month, even to two years period.Secondly, businessmen need to adopt changing technologies rapidly. Technology will be the key driver of this retail industry. Industry participants will only success if they have a clear prediction to focus on how to using technology to increase the value added to consumers. They must , however, do so will I realistic assessment of their costs and benefits. Hence, (AI) big data gather technological tools will need to design to help them to gather data efficiently by these ways, such as the internet of things ( IOT), artificial intelligence (AI) machine learning, augmented reality (AR)/virtual reality (VR), digital traceability. So, future (AI) big data gather tool are predicted to be most influential customer behavioral positive emotion changing tool for retail , due to their widespread applications , ability to drive efficiencies and impact on labor in order to impact consumer behavior changing effort from negative emotion to positive.

Artificial Intelligence Big Data Travelling

2018-06-17
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Release : 2018-06-17
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Kind : eBook
Book Rating : 255/5 ( reviews)

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Book Synopsis Artificial Intelligence Big Data Travelling by : Johnny Ch LOK

Download or read book Artificial Intelligence Big Data Travelling written by Johnny Ch LOK. This book was released on 2018-06-17. Available in PDF, EPUB and Kindle. Book excerpt: This book indicates whether human technological AI (big data gathering tool) which can be applied to predict when, how and why consumer behavior will change. Does it is science story or actual fact to be applied in our future business society. Parent can learn their children to make judgement whether our future society will be either assistance by AI technological development absolutely or AI is only science story product. This book has these two research questions need to be answered?(1) Can apply (AI) learning machine predict travelling consumer behavior?(2) Can (AI) big data gathering learning machine be replaced to human travelling marketing research method, e.g. survey or traveler psychological and travelling marketing research or travelling environment micro and macro economic human judgement of traveler consumption behavior prediction methods to predict travelling consumer behaviors more accurate? Nowadays, many airline firms or travelling agents hope to apply different methods to predict travelling consumer behaviors in order to know what will be future next month, even next year travelling market destination choice and travelling package design preferable choice activities and travelling consumers travelling packages or travelling destination taste changes to help them to choose to implement what kinds of travelling marketing strategies or what are travelling packages or airline ticket prices more reasonable or more accurate range price level to attract travelers choose to the airline or travel agent to buy paper or e- ticket or help them to arrange travel package more attractive. Hence, if the travel agent or airline can apply the most suitable travelling consumer behavioral prediction method to predict how and the reasons why future travelling consumers' choice will be changed to influence their frequent travelling destination or travelling package choice. It will have more beneficial intangible advantages to compare the non-predictive travelling consumer behavioral variable changes travel agents or airlines, e.g. what will be the hot travel entertainment destinations and tangible advantages, what are the most suitable airline and hotel reasonable price range level to attract many travelers to choose to find the airline or travel agent to help them to buy air ticket or they ought know how to design their arrange travel package which will be accepted more popular for next or next year travelling customer's hot needs .Otherwise, if they applied the inaccurate traveler consumer behavioral prediction market research methods, e.g. survey, telephone questionnaire to predict how their consumers' behavioral changes. It will waste their time and money to attempt to make wrong travelling hot destinations and travelling package design to make unattractive travelling market strategy to cause travelling customer number to be reduced. In my this book, I concentrate on explain why artificial intelligence (AI) big data gathering tool will be one kind of good traveler consumer behavioral prediction tool to be chose to apply to predict traveler consumer consumption behavior concerns when and why and how their travelling behavior will change. I shall indicate some cases examples to give reasonable evidences to analyze whether (AI) big data gathering tool will be one kind suitable tool to be applied to predict when and how and why travelling consumer behavioral changes. If (AI) big data can be one kind tool to attempt to be applied to predict when and how and why travelling consumer behavioral changes. Will it make more accurate to compare other kinds of methods to predict travelling consumer behaviors, e.g. survey, telephone questionnaire? Does it have weaknesses to be applied to predict travelling consumer behaviors, instead of strengths?

Artificial Intelligence Big Data Gathering Consumer Behavior Prediction

2018-09-24
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Release : 2018-09-24
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Kind : eBook
Book Rating : 512/5 ( reviews)

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Book Synopsis Artificial Intelligence Big Data Gathering Consumer Behavior Prediction by : Johnny Ch Lok

Download or read book Artificial Intelligence Big Data Gathering Consumer Behavior Prediction written by Johnny Ch Lok. This book was released on 2018-09-24. Available in PDF, EPUB and Kindle. Book excerpt: How to analyze activity based travel demand ? Nowadays, human are concerning the traffic congestion and air quality deterioration, the supply oriented focus of transportation planning has expanded to include how to manage travel demand within the available transportation supply. Consequently, there has been an increasing interest in travel demand management strategies, such as congestion pricing that attempts to change aggregate travel demand. The prediction aggregate level, long term travel demand to understanding disaggregate level ( i.e. individual levels ) behavioral responses to short term demand policies, such as ride sharing incentives, congestion pricing and employer based demand management schemes, alternate work schedules, telecommuting limitation of travel agent traditionally work nature shall influence oriented trip based travel modelling passenger travel demand indirectly. Finally, online travel purchase will be popular to influence the number of travel behavioural consumption nowadays. Any travel package products can be sold from websites to attract travellers to choose to prebook air ticket for any trips conveniently. In the past ten years, the internet has become the predominant carrier of all types of information and transactions. Regarding travel decisions, internet has also become an important sales channels for the travel industry, because it is associated with comparably lower distribution and sales costs, but also because ir adapts to hign supply and demand dynamics in this industry. Consequently, the travel and tourism industry tries to increase the internet sale specific share of sales volumes. So, internet sale channel has changed travel consumption behavioural pattern and characteristics and travel experience. For example, Switzerland has one of the highest population-to-computer ratio in Europe. It is also one of the most highly internet penetrated countries in terms of use of the WWW on a day-to-day basis, with more than 75 percent of the population older than 14 years using the WWW daily ( ICT, 2005). The reason of booking online tourism may include: convenience, fast transaction, finding traveling package choice easily, more airline seats available. So, online booking tourism will influence the traditional tourism agents visiting of sales and air tickets and travelling package numbers to be decreased. Finally, the online booking tourism market shares will be expanded to more than traditional tourism agents visits sale market in the future one day. So, the travel agents who still use the traditional tourism visiting sale channel which ought raise whose features to compare to differ to online tourism sale channel if these traditional touriam agents want to keep competitive ability in tourism industry for long term.

Artificial Intelligence Big Data Travelling Consumption Prediction

2018-06-16
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Release : 2018-06-16
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Kind : eBook
Book Rating : 908/5 ( reviews)

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Book Synopsis Artificial Intelligence Big Data Travelling Consumption Prediction by : Johnny Ch LOK

Download or read book Artificial Intelligence Big Data Travelling Consumption Prediction written by Johnny Ch LOK. This book was released on 2018-06-16. Available in PDF, EPUB and Kindle. Book excerpt: PrepareThis book has these two research questions need to be answered?(1)Can apply (AI) learning machine predict travelling consumer behavior?(2)Can (AI) big data gathering learning machine be replaced to human travelling marketing research method, e.g. survey or traveler psychological and travelling marketing research or travelling environment micro and macro economic human judgement of traveler consumption behavior prediction methods to predict travelling consumer behaviors more accurate?Nowadays, many airline firms or travelling agents hope to apply different methods to predict travelling consumer behaviors in order to know what will be future next month, even next year travelling market destination choice and travelling package design preferable choice activities and travelling consumers travelling packages or travelling destination taste changes to help them to choose to implement what kinds of travelling marketing strategies or what are travelling packages or airline ticket prices more reasonable or more accurate range price level to attract travelers choose to the airline or travel agent to buy paper or e- ticket or help them to arrange travel package more attractive. Hence, if the travel agent or airline can apply the most suitable travelling consumer behavioral prediction method to predict how and the reasons why future travelling consumers' choice will be changed to influence their frequent travelling destination or travelling package choice. It will have more beneficial intangible advantages to compare the non-predictive travelling consumer behavioral variable changes travel agents or airlines, e.g. what will be the hot travel entertainment destinations and tangible advantages, what are the most suitable airline and hotel reasonable price range level to attract many travelers to choose to find the airline or travel agent to help them to buy air ticket or they ought know how to design their arrange travel package which will be accepted more popular for next or next year travelling customer's hot needs .Otherwise, if they applied the inaccurate traveler consumer behavioral prediction market research methods, e.g. survey, telephone questionnaire to predict how their consumers' behavioral changes. It will waste their time and money to attempt to make wrong travelling hot destinations and travelling package design to make unattractive travelling marketing strategy to cause travelling customer number to be reduced. In my this book, I concentrate on explain why artificial intelligence (AI) big data gathering tool will be one kind of good traveler consumer behavioral prediction tool to be chose to apply to predict traveler consumer consumption behavior concerns when and why and how their travelling behavior will change. I shall indicate some cases examples to give reasonable evidences to analyze whether (AI) big data gathering tool will be one kind suitable tool to be applied to predict when and how and why travelling consumer behavioral changes. If (AI) big data can be one kind tool to attempt to be applied to predict when and how and why travelling consumer behavioral changes. Will it make more accurate to compare other kinds of methods to predict travelling consumer behaviors, e.g. survey, telephone questionnaire? Does it have weaknesses to be applied to predict travelling consumer behaviors, instead of strengths? Can it be applied to predict travelling consumer behaviors depending on any situations or only some situations? Finally, I believe that any readers can find answers to answer above these questions in this book.

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