The White Paper contains invaluable insights from experts on the utilisation and future of AI in the hospitality industry and comprises several interviews with the sector’s top players
DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Leading up to Future Hospitality Summit 2024, Katch International and Keane unveil their informative White Paper on the evolving role of technology in the hospitality industry. Compiled over several months, it features expert insights from CEOs, industry leaders, and business owners, shedding light on how AI is revolutionising hospitality operations.

 
 
The report aims to clarify misunderstandings around AI and highlights the real value it can bring to the guest experience and operational efficiency. Collectively, the interviews reveal a clear ‘triad of intelligence’, where artificial intelligence, emotional intelligence, and relationship intelligence work together to drive successful investments.
AI is transforming how hotels and hospitality businesses operate, from enhancing guest experiences to optimising revenue management systems. The White Paper explores these advancements while addressing some of the critical issues that arise with the increasing adoption of AI, including data privacy, potential job displacement, and the risks of over-reliance on technology.
Containing insights from Amit Nayak, Vice President and Executive Board Member at HAMA MEA, Jonathan Worsley, Chairman & CEO of The Bench, Quentin Reyes, CEO of Hyperfusion, Othmane Zrikem, founding Partner at VDD.ai, Basma Elkhereiji, serial entrepreneur and owner of the Social Kitchen, John Losasso, CEO of FAS Hotels, Lokesh Kumar, VP of Development Middle East Minor Hotels, Khaled Sarhan, MD of Ishraqah Developments, and Nitin Thariyan, CEO of Lean on Data, amongst others, it focuses on the balance between automation and the human touch in hospitality.
Georgie Woollams, Founder and Managing Director of Katch International, said of the White Paper, ‘We are extremely pleased with the outcome of this White Paper, which has been an eye-opening experience with many valuable insights. The discussions have highlighted both the potential and limitations of AI in enhancing operations and driving investments in the industry.’
Kevin Doherty, Managing Director of Keane MEA, stated, ‘We sincerely thank the industry leaders who dedicated their time to our white paper. Their insights have been extremely thought-provoking, and we are confident they will enrich the ongoing dialogue on AI in hospitality at the upcoming FHS event and beyond.’
Click here to get your copy: https://thisiskeane.com/campaign/keane-x-katch-ai-hospitality-whitepaper/. 
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PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ — The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market.

Allied Market Research published a report, titled, “Enterprise Resource Planning (ERP) Market by Component (Software and Services), Deployment Model On-premise, Cloud and Hybrid), Enterprise Size (Large Enterprises, Medium Enterprises, and Small Enterprises), Business Function (Finance, Human Resource (HR), Supply Chain, Customer Management, Inventory Management, Manufacturing Module, and Others) and Industry Vertical (Manufacturing, BFSI, Healthcare, Retail & Distribution, Government & Utilities, IT & Telecom, Construction, Aerospace & Defense and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the “enterprise resource planning (ERP) market” was valued at $43.72 billion in 2020, and is projected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030.
The rise in the need for operational efficiency and transparency in business processes and the increase in demand for ERP software from small & medium enterprises boost the growth of the global market. In addition, the surge in adoption of cloud and mobile applications is positively impacting the growth of the market. However, the availability of open-source ERP applications and the high implementation cost of ERP software technology hamper the growth of the ERP market. On the contrary, the rise in the application of ERP solutions in small & medium enterprises and the rapid transformation of modern business models are expected to offer remunerative opportunities for the expansion of the enterprise resource planning market during the forecast period.
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The software segment held the highest market share in 2020. 
By component, the software segment dominated the market in 2020, The demand for ERP software surged as businesses across industries increasingly sought to streamline operations, integrate various business functions, and enhance decision-making through centralized data management. However, the services segment is expected to witness the largest CAGR of 10.7%, this growth is driven by the increasing need for consulting, customization, implementation, and ongoing support as businesses adopt more complex ERP systems.  As organizations transition to cloud-based and AI-powered ERP solutions, they require professional services for seamless integration with existing systems, data migration, training, and system optimization.
The on-premise segment held the highest market share in 2020.
By deployment model, the on-premise segment accounted for the largest share in 2020. This dominance is attributed to several key factors. Many organizations, particularly those in regulated industries such as finance, healthcare, and manufacturing, prefer on-premise solutions due to their ability to provide greater control over data security and compliance.  However, the cloud segment is expected to witness the largest CAGR of 11.6%. This anticipated growth is driven by several key factors. First, the increasing demand for flexibility and scalability in business operations has led many organizations to adopt cloud-based ERP solutions, which allow for easy updates and expansion without the need for significant hardware investments. 
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Regional Insights: The North America region held the highest market share in 2020. 
By region, the enterprise resource planning (ERP) market was dominated by North America in 2020. North America, particularly the United States, has a highly developed technological infrastructure and a strong presence of leading ERP vendors, which facilitates the adoption of advanced ERP solutions across various industries. 
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Key Industry Developments 
In July 2024, Eton Solutions launched an enterprise resource planning (ERP) platform – AtlasFive, for managing family offices in India.In July 2024, SAP and its partner SGN Software Pvt Ltd launched a flagship Cloud ERP offering designed for small and mid-sized organizations.In May 2024, Forterro launched Fortee, its entry-level cloud-based ERP solution. Fortee has been designed specifically for the needs of SME discrete manufacturers and industrial startups and is based on 15 years of cloud-ERP learning.AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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BEIJING, Sept. 23, 2024 /PRNewswire/ — The 2024 China International Fair for Trade in Services (CIFTIS) concluded in Beijing on Monday, achieving fruitful results in various fields and injecting more vitality into global economic growth.

By the noon of Monday, the five-day service trade fair had made nearly 1,000 achievements and attracted about 242,000 visitors.
About 111 companies and institutions, including Fortune Global 500 companies and industry leaders, released a total of 219 achievements in the fields of digitalization, artificial intelligence (AI), healthcare, etc., a surge of 80 compared with the previous session.
In 2023, global digital service trade reached 4.25 trillion U.S. dollars in 2023, an increase of 9 percent year on year, becoming a prominent highlight in the development of services trade.
The 2024 CIFTIS focused on new trends in the development of trade in services, with AI and innovation-driven development being the key words.
Wu Tian, vice president of Baidu, noted that in the future, more service industries and application scenarios will rely on AI technologies to achieve innovative development.
At present, new technologies and applications in the field of services trade are quickening the pace to integrate with social life and production, which is conductive to constantly open up new space for foreign trade development, said Pang Chaoran, associate researcher of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce (MOC).
It is learned that over 80 countries and international organizations held exhibitions and conferences at the fair, with 13 of them setting up independent offline exhibitions for the first time, showcasing their local traditional culture.
From a global perspective, cultural trade has great potential for development, said Pan, adding that the CIFTIS has built a platform and bridge for the high-quality development of cultural trade and activated a new engine for the development of services trade.
In addition, this year’s CIFTIS helps enterprises build a big circle of friends for win-win cooperation.
Participating in the fair for the fifth time this year, Schneider Electric reached a new cooperation with Chinese steelmaker Jingye Group at the fair.
Xu Shaofeng, senior vice president of Schneider Electric, said that the company established a services business center in China and will sign service cooperation agreements with more Chinese partners.
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