We’re creating a more connected travel industry, underpinned by sustainability and long-term investor relations.
It’s hard to determinate the enormous potential of big data for the travel industry as a whole. In 2013 it became the buzz word and we identified how it was about to transform rail travel, in our report ''At the Big Data Crossroads''.
Using Big Data to boost travel efficiency. Our 2013 report, ''At the Big Data Crossroads'', revealed that rail travel was set to become safer, more efficient and tailored to passenger preferences, thanks to the big data revolution, identifying three major areas impacted:
The main challenge identified was for rail companies to develop an effective strategy, unlocking the potential of big data to enhance products and services and the end-to-end customer experience. Let's see how far the rail industry has gone with the use of big data.
The major advancement we have identified is the railways' use of big data to avoid delays, forecast disruption and act before it happens. By adding sensors to the trains, it relays data back to the engineers about the condition of the locomotive’s parts and rail tracks.
By combining big data and predictive maintenance, railways can find out what needs to be repaired before disruption happens, keeping travellers happy.
Additionally, big data is going one step further helping metropolitan transport systems: Los Angeles Metropolitan Transportation Authority announced last year a new analytics software, surveillance cameras and mobile phone validators as part of its fare enforcement strategy. The analytics software monitors activity at stations, highlighting behaviour that is out of the norm and alerts security personnel if a rider attempts to avoid paying a fare.
Travel sellers can now benefit from big data, in particular online travel agencies. Knowing in advance what the customer wants, is now a reality. Combining big data with machine learning disciplines can predict booking trends, learning from the user data stored, and how this affects the booking process and time.
The data generated through smart devices represent for travel sellers an opportunity to improve customer service by better-knowing their preferences.
The travel industry generates a tremendous amount of data. Railways and travel sellers are in various stages of determining how to harness all that information to improve overall operations and customer satisfaction. Even though we have identified some advancements in the use of all this data, an analysis strategy still needs to be put in place.
Big Data analytics, for instance, will offer unprecedented insight into travellers’ behaviour, allowing rail companies to deliver a more intuitive customer experience. From offering ancillary services to providing recommendations about additional destinations to visit, there will be plenty of opportunities to improve the customer experience. As a result, the rail travel experience will become more personalised.