| | March 20206CIOReviewEvery year, enterprises devising new strategies, deploy new solutions and services to increase their revenue. As we progress into 2020, organizations are already witnessing a drastic transformation in the revenue management systems (RMS), with premium technologies adding new dimensions to this space. By leveraging advanced technologies such as AI and machine learning, revenue managers are making faster pricing decisions and updating rates automatically. This enables revenue experts to channelize their energies on building tactics and strategies rather than spending it on crunching data and entering numbers into spreadsheets. By utilizing these premium technologies, revenue managers are gearing up to transform their business into profit-making ones. The congruence between revenue management systems and the mentioned sophisticated technologies is promoting personalized customer experiences.When it comes to embedding the recent technological advances in RMS, the AI-powered RMS can effectively integrate new sources of the data--the repository of records as well as a vast array of dynamic data such as market rates. This facilitates revenue managers to acknowledge the on-going market demands. By implementing AI, organizations are able to increase ancillary revenue, optimize staffing, reduce time to generate pricing decisions, and identify new revenue opportunities. Managers are incorporating AI-based systems into their operations to alleviate the burden of repetitive processes and extract priority-based critical data essential for generating smart pricing. The AI-driven RMS effectively replaces traditional pricing systems with the highly advanced dynamic pricing algorithms. Furthermore, by fostering machine learning into its existing operations, revenue professionals are bolstering the value of data efficiency. Such advanced RMS enables organizations to gain market and sales insights and helps to explore more profitable options for their business. This, in turn, enhances their performance rating. In this edition of CIOReview, we bring you the story of some of the most promising revenue management systems solution providers that have proved their mettle in delivering the best outcomes for their clients. While leafing through this edition, we hope our readers will come across inspiring stories and be able to choose the appropriate solution providers in their pursuit of excellence.Let us know your thoughts!EditorialTaking RMS to the Next LevelCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewContact Us:Phone:510-230-0395Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com March - 20, 2020, Vol 09, Issue - 16 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasVisualizersIssac GeorgeScott Juasy*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithSalesStephen Thomasstephen.thomas@cioreview.com Dean Winchester
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