A strong data literacy strategy is critical in today’s data driven world as it enables organisations to maximise data utilisation, empower decision-making, drive innovation, enhance collaboration, mitigate risks, and adapt to change. Data literacy is the foundation of driving usage and value from data products and can help unlock new opportunities and achieve long term growth. With shifting market trends and emerging technologies, data literacy helps organisations adapt to change and preparing employees for a data flooded future.
The travel and hospitality sector is unique in its need to address customer requirements immediately. In today’s fast-paced market, in which a means of transport is suddenly cancelled, or a room does not fit a guest’s requirement, real-time data analytics is fast becoming a crucial way to respond to these needs and to stay ahead of the curve. Making decisions in real time, in this sense, is a game-changer for data teams in the industry, both from a customer satisfaction perspective but also for long-term strategy and growth. They must, however, learn how to harness these real-time insights in order to be able to unlock these opportunities and drive competitive advantage.
- Explore key ways to leverage real-time data analytics to gain insights into customer satisfaction and behaviours and to inform your decision-making for personalised marketing strategies
- Discover the value of real-time data in optimising your pricing by viewing market trends and booking patterns live and adjusting your strategy to maximise revenue
- Learn to improve resource management and operational efficiency by monitoring patterns such as flight schedules and room occupancy live and optimising overall efficiency and savings
In this quick-fire round of dialogues, delegates will have the opportunity to both hear and share different views on some of the most contentious topics currently facing the travel and hospitality data community. A perfect session to cover a wide range of topics in a short amount of time, join this session to better understand where you – and your peers – stand in different debates surrounding the data space.
Efficient and multidisciplinary employees are the backbone of any data team. However, the travel and hospitality sector faces a range of challenges on this front: to be a successful member of the team, a prospective employee must often display both technical and business skills, making it difficult to find the right profile. On another front, some companies may struggle to find new hires interested in carving a career in the travel and hospitality sector, while others may face obstacles finding senior leaders who are both technically proficient and have experience in the industry. With top tech talent running scarce, it has become crucial to establish a forward-thinking strategy for talent acquisition and retention as the travel and hospitality sector continues to advance in its data journey.
- Hear a broad range of strategies for attracting the right talent, such as recruiting overseas, incubator programs and working with universities, to find out which one best suits you
- Home in on the value of assessing and understanding what you currently have, what you need and how future employees can align with business objectives moving forward
- Explore the importance of clearly defining each role within your data team, and of explicitly outlining the skillset and career progression path for each in order to identify top candidates
Many organisations tend to think of data as an asset, “owned” by a specific team or department: thinking of it in this way can often lead to an attempt to hoard information or limit sharing. However, time has shown that interoperable data able to flow through the organisation can be beneficial and hence should be put to good use. An increasingly open environment would help reduce the accessibility challenges CDOs currently face, and serve as the basis for seeing data as a product rather than an asset. In this sense, establishing a data product strategy is of the upmost importance in making sure that the organisation has clean data for downstream consumption.
When Dan Grainger joined in June 2019, Haven's digital data landscape was suffering from no true ownership, poorly implemented digital data collection and widespread mistrust in digital reporting and insights. Roll on 5 years and things have changed significantly for the better, this talk will provide:
• practical steps for establishing digital data ownership, scaling implementation processes and growing trust
• strategies for transitioning from outdated tools
• insights into enabling self-serve capabilities and real-time digital data activation
A data strategy is only as good as you build it, but it will look different for each company. Figuring out the best architecture, team and tactics suited to you is a tricky and lengthy process, and one that is constantly changing according to trends and regulations. The question remains: is the travel and hospitality sector truly behind in its data journey and, if it is, how can it catch up? Join this round-up panel discussion to complete the CDO Travel & Hospitality Exchange and hear what your peers plan to focus on going forward. In turn, take the time to weigh in on your key takeaways from the Exchange and potential strategies as you continue your data journey.