Artificial Intelligence & Data Science in Travel Industry

Data Science brings neverending opportunities to the travel industry, but this rapidly changing field also brings with it many hurdles. Companies collect a massive amount of data on daily basis. With customers generating valuable data at every stage of their trip. Travel companies need to gather and combine these data points to improve the customer experience.

Data Science is no longer surrounded to only typical research firms. And, for the Travel Industry, it is emerging as a gold mine with endless opportunities to dig and make the profit. Whether it is to understand the new travel offer or forecast the hotel fare and price, Data Science is helping Travel companies to make the best data sets for the right customers at right time.

To know more about us: http://canopusdatainsights.com/

According to The State of Data in Travel Survey 2017, Travel companies are aware of the influence of Data Analytics and 75% of travel businesses now have a committed data analytics team, and nearly 85% of these businesses foreseeing the increased analytics budget in the coming year.

There are various application outlines for data analytics & machine learning in the travel industry.

Personalized Offers – By reviewing the customer’s historical data, we can suggest them the best offers according to their choice.

Recommendation engines - Travel companies can offer car deals, alternative travel dates or routes, new travel locations based on the user’s preferences or even some recommended neighborhood attractions.

Price forecasting - We create a self-learning algorithm, capable of predicting the future price movements based on various factors.

Intelligent travel assistants - Intelligent programs, build to complete a certain job on a user’s request are usually referred to as Chatbots.

Sentiment analysis in social media - Data Science provides the reviews and news feed from Social Media to Travel Companies that help them to use this information for the analysis of the customer’s sentiment. The harvested data gives a close insight to improve any Brand Image, identify a new revenue segment, monitoring of the social campaigns, tracking the Feedback of any new product and offer.

Data Scientists apply algorithms to answer a considerable lot of these business questions which give the bits of knowledge to administration important to properly augment return on resources. A prescient strategic examination is connected to foresee machine conduct, human conduct. At the point when organizations start to receive improvement and prescient investigation into their calculated operation, they encounter less mechanical downtime, more effective courses, more joyful clients and higher stock costs.

An Indian Data Science Company, Canopus Data Insights is a leading provider of Data Science Products, Solutions and Services, to clients, from start-ups to large enterprises. It has expertise in generating insights from drone data and converting it into profitable business outcomes, be it Big Data or traditional data, structured or unstructured.

About the Company:

Canopus Data Insights provides Data Science and Data Analytics services that enable customer centricity by giving insight into data, which improves productivity and increases the depth of customer engagement and predictive modeling to make big decisions. Canopus Data Insights has an extensive knowledge and experience working with many domains including Data Analytics, Machine Learning, Pattern Recognition, Statistics, Artificial Intelligence, Operations Research and Big Data.

Canopus Infosystems is an Iso 9001:2008 Certified Company that specializes in providing outsourced web & mobile development and testing services to clients worldwide.