Remove Efficiency Remove GDP Remove Management Remove Operations
article thumbnail

The Factors That Influence Acceptance Of AI In Hospitality

The Horizons Tracker

In recent years, artificial intelligence (AI) has made significant strides in enhancing hotel operations and streamlining efficiency. ” AI technology holds the potential to enhance hotel revenue management by dynamically assessing optimal room rates in real time, thereby maximizing profits.

Hotels 119
article thumbnail

How Managerial Quality Affects Energy Usage In Manufacturing Firms

The Horizons Tracker

In many ways, it seems like something of a no brainer for the sector to target emissions, as making their operations more efficient has productivity benefits as well as environmental ones. of global GDP. Indeed, research has highlighted a direct correlation between process improvement and energy reductions.

Energy 90
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Skills Will Be Crucial As We Adapt To The Post-Covid World

The Horizons Tracker

They believe this transformation will include everything from managing change to the automation of processes that can no longer be safely performed in person. This trend was reinforced by the Coursera data, which revealed a 1,200% increase in enrollments onto courses in areas such as mindfulness and stress management. billion per year.

Skills 129
article thumbnail

When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year. In short, it’s an enormous business, consuming some 6 percent of total world GDP, more than military spending and education combined. Returns management should be a major focus.

article thumbnail

American Firms Dream of Growth but Invest in Efficiency

Harvard Business Review

The Federal Reserve is projecting GDP growth of 2.8 And, if growth is mostly about gaining market share and developing new products, why is a substantial focus on investment to retain existing customers and make existing products and services more efficient? After more than five years of sluggish growth, U.S. to 3 percent in 2014 (U.S.

article thumbnail

How the Digital Wind Farm Will Make Wind Power 20% More Efficient

Harvard Business Review

. “Every wind farm has a unique profile, like DNA or a fingerprint,” says Keith Longtin, general manager for wind products at GE Renewable Energy. GE believes that the Industrial Internet could add $10 to $15 trillion to global GDP in efficiency gains over the next two decades.

article thumbnail

China’s Economy, in Six Charts

Harvard Business Review

Its gross domestic product has surged from less than $150 billion in 1978 to $8,227 billion in 2012 (see “China’s GDP” chart below). Foreign investors have flocked to the country’s shores as many of the world’s largest manufacturers have established operations there. percentage points of GDP growth in 1979-1989, 0.5

GDP 10