In the 21st century, industries that remain adamant to integrating new technological revolutions are most likely to regress in their course of development. Businesses across the globe have realized how important it is to include contemporary digital technology to drive constant growth and revenue. The last decade has seen incredible innovations and breakthroughs in the landscape of digital solutions. One of such compelling technologies is called Artificial Intelligence (AI). Often misconceived as a replacement for human power, the concept of AI as a technological aid is much larger, wider and pervasive.

Artificial intelligence (AI) is no longer becoming a part of our everyday lives, it already is. More consumers than not are living in smart homes and working in smart offices. The number of users of smart speakers like Amazon's Echo and Google Home is growing at a compound annual rate of 47.9 percent and between 2016 and 2020 is expected to grow from 16 million to 76.5 million. The hospitality industry is rapidly identifying ways to put AI into widespread use. With large sets of data becoming more prevalent and AI becoming more accessible, hotel marketers have the potential to transform how they operate to maximize returns, optimize processes and interact with guests for increased satisfaction and loyalty.

Investing in personalization is good for brands. Research from McKinsey found that brands that excel at personalization deliver five to eight times the marketing ROI and boost their sales by more than 10% over companies that don't personalize. Personalization can be an overwhelming and time-consuming task, but it's made simpler through artificial intelligence. In fact, it's never been easier to understand consumers and create personalized offers with AI. Here are seven of the best examples of using AI to improve personalization.

Artificial Intelligence has already made a mark across varied businesses and the hospitality industry is fast catching up with this trend. While the hotel industry is an already crowded market, innovation is the key element for hotel owners to stay ahead of competition. Technologies such as artificial intelligence are vital to maintain a constant growth and to generate more revenues. Hoteliers are already striving for new methods to reach out to customers, know them better, engage them to earn their loyalty. If you are a hotelier, the sooner you embrace smart technologies, the better it would be for your success.

What does the future of the hotel guest experience look like? Mitul Makadia, founder of Maruti Techlabs tackled this question recently in a piece that provides a deep dive into the subject. "The last decade has seen incredible innovations and breakthroughs in the landscape of digital solutions. One of such compelling technologies is Artificial Intelligence (AI)," writes Makadia. "Often misconceived as simply a replacement for human power, the concept of AI as a technological aid is more pervasive. For the hospitality industry, it has created greater trust and efficiency, showing the promise of transforming operations, customer service, and facilities through AI-powered robotics."

In the 21st century, industries that resist integrating new technologies often lose their competitive edge. Businesses across the globe have realized how important it is to include contemporary digital technology to drive constant growth and revenue. The last decade has seen incredible innovations and breakthroughs in the landscape of digital solutions. One of such compelling technologies is Artificial Intelligence (AI). Often misconceived as simply a replacement for human power, the concept of AI as a technological aid is more pervasive.

Being in the 21st century, any industry that is unwavering or uncompromising in any way when it comes to amalgamating new technological changes is on its way to slow down the course of development and is setting itself up for defeat in the long run. In order to maintain constant growth and revenue streams, it is imperative for businesses today to include contemporary digital technologies. The last 10 years have seen incredible innovations and breakthroughs in the landscape of digital solutions -- one such compelling technology being Artificial Intelligence (AI). Often misconceived as a replacement for human power, the concept of AI as a technological aid is much larger, wider and pervasive. It has created greater trust, however, for the hospitality industry, it shows the promise of transforming its processes, services and facilities through AI-powered robotics.

In the 21st century, industries that remain adamant to integrating new technological revolutions are most likely to regress in their course of development. Businesses across the globe have realized how important it is to include contemporary digital technology to drive constant growth and revenue. The last decade has seen incredible innovations and breakthroughs in the landscape of digital solutions. One of such compelling technologies is called Artificial Intelligence (AI). Often misconceived as a replacement for human power, the concept of AI as a technological aid is much larger, wider and pervasive.

Artificial intelligence is about technology that brings solutions to society in general. The term stands for the performance of intelligent behaviours by computers or machines. In essence we can say it is about computers, robots or machines performing tasks that traditionally require cognitive function to carry out. It is associated to automation and big data. So, allow me to start by saying, it is a world of opportunities for our hotel industry!.

It's been a long time coming for road warriors -- artificial intelligence is finally infiltrating the travel industry, and it's bringing a host of new conveniences and capabilities with it. From personalized recommendations and booking to digital concierge service, here's how AI will help make traveling a little less hectic. AI stands to make a big impact in travel planning. Airlines and travel agencies alike use chatbots to automate the booking process and answer questions without involving an actual agent. And if an agent is needed, AI-powered apps can make smart suggestions based on context to help travelers complete the booking process faster.