In the elevator system brings the cabs to the

 

In order to evaluate the role
of technology systems in the area of revenue management and cost control we
need first to define the exact meaning of that technique.   

Revenue management is a
technique that focuses on decision making that will maximize profit from the
sale of perishable inventory units.  It is an actual management tool that
has the objective of increasing sales revenues by manipulating the prices at
which fixed products (i.e. hotel rooms and airline seats) are made available
for sale in relation to the current and forecasted demand

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As revenue management has
developed through the years more and more techniques are needed to predict
consumer demand, and to optimise the inventory and price availability to
maximize revenue.

 New technologies management plays an important
role in the development of revenue management techniques. Each new advancement
in technology management leads to more sophisticated revenue business
capabilities. Today decision support revenue management systems and
technologies management are crucial factors for the success of businesses in
service industries.  As per Dr Gador (Hospa Practiotiones SeriesForgacs)
revenue management in the service sector is distinct and more complex in
comparison to other sectors.  For example in hotel industry Revenue
management should be integrated first with the property management system to
take into account the entire booking information, analytics, and reporting
functions, as well as with other internal systems such as the central
reservation system point of sale (POS), the customer relationship management
(CRM) system, competitive rate shopping software, channel management tools, the
hotel’s own website, and various social media channels.

It is clear now the reason
that a business needs new technology systems. An integrated system promotes
efficiency and reduces costs in many aspects thus enabling firms to achieve
revenue management and cost control.  In order to realize the importance
and the facilities of technology systems it would be useful to examine an
example like the following: The fire alarm system triggers the HVAC system to
control smoke and ventilation, the access control system provides an exit for
evacuation, and the elevator system brings the cabs to the floor. These
separate elements have to be manually adjusted at different times, and does not
promote efficiency. When it comes to better facilities management and truly
efficient methods, system integration needs to be established.

Furthermore, system
integration allows facilities managers to work from a single work station.
Problems can be solved and changes can be made with a few clicks rather than
visiting multiple computer systems. It simplifies the process and makes it easy
to manage.

Integration can reduce energy
consumption and bring significant energy savings. Tying together and monitoring
temperature fluctuations as well as making necessary adjustments or repairs to
equipment can produce energy savings almost immediately.

System integration allows
facilities managers to work from a single work station. Problems can be solved
and changes can be made with a few clicks rather than visiting multiple
computer systems. It simplifies the process and makes it easy to manage.

Integration can reduce energy
consumption and bring significant energy savings. Tying together and monitoring
temperature fluctuations as well as making necessary adjustments or repairs to
equipment can produce energy savings almost immediately.

Reduced energy consumption
isn’t the only benefit, companies see reduced labor costs through streamlined
operations.

When integration is done
properly, real-time alerts will be sent via work orders or alarm systems. Many
software companies now offer mobile capabilities, so management can get alerts
through their mobile phone or other device.

The wealth of data that is
collected by systems integration will lead to better decision making. Data
ranges from the temperature fluctuation, routine maintenance, to power outages
and under-performing facilities

As the world and technology
evolves, systems will continue to become more and more sophisticated and
automated, further reducing the need of manual input. Consequently, this will
enable hotels and revenue managers to work even more efficiently and further
increasing bottom line results.

 

Furthermore, technology
systems can help a lot a young people that starts his/her career. As technology
brings the information and applications, such as word processing, spreadsheet,
and presentation software, that office workers everywhere rely on to do their
jobs. As a result it is a great benefit that our education system at schools,
colleges and universities focus a lot in learning and using of technology. A
graduator nowadays who starts his/her career should be familiar with technology
and be ready to cope in a business working environment using technology systems
as much as possible .Of course, technology changes rapidly and in order to be
competitive and if you want to value yourself as an asset in an organization
that you are situated you should continually be learning and catching up with
the new changes in technology by attending seminars and lectures.  The
ongoing learning of a young employee lead’s to familiarization with the
continuous upgraded technology systems.

 

Additionally when a young
employee is considered to be “updated” and involved with technology he/she can
always seek for better and better positions in the fields of businesses that
he/she is interested. He/she can easily check for vacancies from various
websites and apply for jobs.  Almost all kinds of positions in any
business are seeking for employees that are familiar, flexible and adjustable
to all future changes inside the business that technology could demand.

As a conclusion to all the
above,  we can easily understand now that as technology continues to
automate, accelerate and connect to the global market the company can keep on
improving its work processes, customer retention and acquisition and also
making business faster and more efficient. A company that is investing in
technology can only gain from it, as it is clear that all the above leads to
revenue management and controlling the costs of all kind of businesses