This document discusses how travel management is changing in an increasingly data-driven world. Historically, travel managers have been dependent on travel management companies and lacked analytics support. However, increased data availability and artificial intelligence are transforming the industry by giving travel managers more control over their data and insights. The document provides examples of how travel managers can leverage data to improve compliance, efficiency, cost savings, and traveler experience. It recommends that travel managers define goals, secure control of their data, and empower their team with automated reports and predictive analytics to take advantage of this new landscape.
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Changing Travel Fundamentals in a Data-Driven World
1. A New Playing Field
How the fundamentals in travel
management are changing in a
increasingly data-driven world and
how to take advantage of this new
reality.
Tyler Christie
VP Product, Pi
2017
2. Where we are
going today
• How is travel management changing?
• How do I get started with data?
• How can I leverage data to create value?
• What are typical challenges and solutions?
4. Historical View
Travel managers have typically been at a
disadvantage due to TMC dependency,
messy data, insufficient analytics support
and reactive insights.
• TMC-centric
• Hard to use raw data
• Tied to TMC tools
• Reliant on suppliers
• Reactive with limited prediction
6. #AI
Artificial Intelligence is driving this transformation
Increased data processing, data availability, and data science innovation
underpin this revolution
Computer Processing Ai TechnologiesAvailability of data
8. • Integrate data for a holistic view
• Obtain accurate insights
• See the world as your suppliers do
• Drive internal efficiency
• Predict events to pro-actively manage cost
What’s in it for you?
This innovation enables you to take
control of your data and capture new
opportunities
10. What data do you have?
Trains planes and automobiles…
plus a whole to more
11. Where is your data?
TMC databases
Employee receipts
Credit card
providers
12. What are your goals?
The starting point for any successful
program is to have clear goals.
• Accuracy
• Visibility
• Alignment with compliance
• Duty of care
• Savings
• Improved sourcing
22. Imperative to Create Value
A fundamental goal must be to
leverage data to create value
Compliance
Effective compliance
delivering business results
Efficiency
Achieve your goals as
efficiently as possible
Happiness
Ensure your traveller
experience is optimal
Cost
Secure cost savings
year on year
25. Step 1: Define your goals
• Compliance
• Cost & supplier pricing
• Internal efficiency
• Traveller experience
• Duty of care and minimising risk
• Incremental savings
26. Step 2: Create a data strategy
• Define what questions you want to answer
• Map out what data you need to achieve your goals
• Verify where this data is
• Identify specific insights you need to manage
successful
27. Step 3: Secure control of your
data
• Stake out your independence
• Establish data management
• Complete data integration
• Continuously verify data quality
28. Step 4: Empower your team
• Automated reports
• Intuitive visualisation
• Alerts
• Predictive analytics
• Negotiation-focused reports
29. Data is the New Power
Are you ready to take advantage of
the new playing field?
Contact Us!
Tyler Christie - tyler@p-i.net
Simon Carmouche - simon.carmouche@p-i.net