TechysTalk: The Future of Event Tech: Preparing You for 2018 & Beyond!
1. The Future of Event Tech:
Preparing You for 2018 & Beyond!
Dan Berger
Founder, CEO
Social Tables
2. About Social Tables
Nearly 300 events have been hosted at STHQ (pictured) since it opened in December 2016.
● More than $22mm raised from top-tier investors.
● Approximately 5,000 customers.
● Over 3 million successful events executed.
● 93% customer retention rate.
● Over 100 Tablers.
3. Face-to-face interactions
must be successful.
We are connecting the hospitality
industry through effortless event
planning to get there.
4. Group Sales
Group Distribution
Event Services
Event Execution
An End-to-End Group Sales & Service Platform for
Hotels & Venues to Increase Revenue and Drive Loyalty
@danberger | #techsytalk
5. A Suite of Free Products for
Event & Meeting Professionals
@danberger | #techsytalk
Accurate Diagramming Seating Charts & Check-In
Sourcing & Discovery at
search.socialtables.com
7. Machines can do many physical things that humans do.
@danberger | #techsytalk
Source: Where machines could replace humans—and where they can’t (yet).
McKinsey.
8. Machines can understand us as well as we can.
@danberger | #techsytalkSource: Internet Trends 2017 Report. Meeker, Mary.
9. Event tech will
leverage the closing
gap between human
abilities and those of
machines.
Takeaway
@danberger | #techsytalk
10. Investments are a leading indicator of what’s ahead.
@danberger | #techsytalkSource: BI Intelligence, CBInsights
Investments in Artificial Intelligence
13. There are not many event tech companies today.
IPO Date 2011 2013 1999 ??
Buyout Date 2013 2016
@danberger | #techsytalkSource: CrunchBase
14. ● A vertical market is one in which all of
your customers are in one particular
industry.
● A horizontal market is one in which all of
your customers use your product to do
the same thing, regardless of industry.
● The events industry uses a mix of vertical
software (registration, project
management) and horizontal software
(audience response, apps).
Events are neither horizontal nor vertical.
@danberger | #techsytalk
15. Event tech will either
consolidate (one big
platform) or stay
highly fragmented
(many little products).
Takeaway
@danberger | #techsytalk
16. Event tech has not been thoughtful about opportunities.
@danberger | #techsytalk
Source: Economic Significance of Meetings to the US Economy (2018). Events
Industry Council | Oxford Economics
17. Event Tech will follow
industry spending
patterns and focus on
the highest grossing
categories: F&B and
A/V.
Takeaway
@danberger | #techsytalk
19. Intermediaries dominate the group segment.
@danberger | #techsytalk
Percent of group rooms revenue that is
intermediated by third parties
Source: Kalibri Labs | U.S. Groups and Meetings | SPECIAL REPORT 2018
20. There will be
on-demand event
booking technology to
drive down costs &
enhance service.
Takeaway
@danberger | #techsytalk
21. Case Study: The Farmer
@danberger | #techsytalk
Source: How to Win with Automation (Hint: It’s Not Chasing Efficiency);
Wikipedia
● In 1900, the U.S. had 30 mm farmers.
● In 1990, there were under 3 million ...even
as the population tripled.
● 90% of American agriculture workers lost
their jobs, mostly due to automation.
● Yet somehow, the 20th century was an
era of unprecedented prosperity.
22. Automation vs. Augmentation
@danberger | #techsytalkSource: Beyond Automation, HBR, 2015
Automation
● Starts with a baseline of what a
human can do.
● Deploys computers to chip
away at these tasks.
Augmentation
● Starts with what humans do
today.
● Figures out how that work
could be deepened with
technology.
23. Automation + Augmentation =
Human-centered Automation
Reframing the automation conversation
@danberger | #techsytalk
The use of automation to enhance
the capabilities of humans... and
compensate for the limitations of
human operators.
24. Redesigning modern jobs for the future
@danberger | #techsytalkSource: How to Win with Automation (Hint: It’s Not Chasing Efficiency)
● Doctors can have the world’s medical
knowledge at their fingertips.
● They can use technology to help them be
more effective by augmenting their work;
and
● Devote more of their mental energy to
understand the patient as a person, not a
diagnosis.
25. What do redesigned jobs look like in our industry?
@danberger | #techsytalk
AV techs Learning partners
Caterers Experience curators
Event planners Business event strategists
Hotel sales people Meeting consultants
26. The jobs in our
industry will be
redesigned around
technology.
Takeaway
@danberger | #techsytalk
27. Soft skills become more indispensable over time.
@danberger | #techsytalkSource: Automation Will Make Us Rethink What a “Job” Really Is