innovation

The PhoCusWright Travel Innovation Summit offers thirty travel technology companies the opportunity to pitch a panel of judges comprised of industry leaders on their customer value proposition, technology platform and business model.

Predicting the opening odds for the 2011 PhoCusWright Travel Innovation Summit
Creative Commons License photo credit: Louish Pixel

Based on the number of punks trying to stuff the ballot box, there's big money to be won or lost betting on the 2011 PhoCusWright Travel Innovation Summit - just like betting on the companies themselves...

Leveraging the wisdom of crowds (attendees of PhoCusWright are supposed to be smart people, right?) and in the interest of having some fun, everyone following the conference on social media were invited to predict the top six winners before the actual presentation sessions started. Think of it like handicapping a horse race.

But before we review the results of the handicapping exercise, a bit of unanticipated editorial commentary on the process is necessary…

[Climbs onto Soap Box...]

At first glance, the raw results showed two clear favorites in the Emerging and Established company categories, with the Startup group looking like a tight four-way competition. Unfortunately, upon closer scrutiny, it seems that certain “fans” of various demonstrators (you know who you are) felt that their faves needed a little boost in the voting.

How could I tell? Well, they only voted for their company once – not for 2nd 3rd or 4th place as the other people did… Yes, individuals from multiple presenters were either lazy or stupid in their approach to astroturfing the vote tallies. The singular votes represented a whopping 51% of the total votes cast – a material number with a highly atypical voting pattern that was clearly differentiated by the other respondents.

Morons. Didn’t they know that a cardinal rule of astroturfing is to blend in with the crowd?

By sheer coincidence, I just authored a three-part series for Tnooz on how black-hat fake review optimizers combine social media and SEO techniques to undermine the reliability of travel reviews sites. Take a look at the second installment: Fake Review Optimization – How black hat masters beat the travel system

So here’s the moral of my sermon.

Considering that the motivation exists to game a goofy poll that has no bearing on the outcome of a judged competition, one can only imagine what steps these reprobates are willing to take when real sales volume and profit are on the line. More evidence travel marketers and their technology partners might not be as trustworthy as one would hope.

There is an excellent case for punishing this behavior by posting the names of these groups on a wall of shame. I won’t – the actions may have been undertaken by a single individual and not condoned by the company. They get a pass this time, but one never knows when I might need a good example of social media abuse for a speaking engagement in the future…

Sparing you the gory details, let’s just say an adjustment was made to mitigate the impact of these highly irregular votes. Does this mean the scrubbing process was perfect? No. Just like with review spam, it is very possible the smarter / less lazy ballot stuffers went undetected {sigh…}

Does this action invalidate the reliability of the survey? In short, no. The survey never claimed a scientific sample or process. The results were always to be based on what I call Trustularity – results that look reasonable and superficially appear to have authority based on their presentation. I merely took measures deemed necessary to clean the data to improve the veracity of the results.

This is exactly why PhoCusWright went to a 100% judging process – In the past, audience votes (which had to be done in person, with only one vote per terminal during a defined time frame) were skewed toward larger companies with more personnel attending the conference.

It was a smart move to eliminate the audience component. Next year, I’ll see what I can do to create a more reliable method to gauge authentic audience sentiment. And maybe add interactive parimutuel betting…

[Descends from Soap Box...] continue reading →

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Each year, PhoCusWright presents The Travel Innovation Summit where travel technology companies showcase their latest applications for an audience of influential travel industry leaders and investors.

Travel's Battle Ground at the 2011 PhoCusWright Travel Innovation Summit
Creative Commons License photo credit: c.a. muller

PhocusWright picked Travel's Battle Ground as the theme for 2011's Travel Innovation Summit. Cool - I hope they let the finalists dogfight!

Last year, I handicapped the event by polling press, bloggers and the participants themselves to get an insiders perspective on the competition. The voters only identified two of the seven finalists from the 32 entries. Pretty poor guessing by the so-called experts…

This year, tying in with The PhoCusWright Conference’s theme of Travel Unleashed, I am subscribing to the wisdom of crowds and letting everyone participate in the handicapping process.

With thirty-one companies entered and demonstrations running from 9:00am to 6:00pm, the day can be a bit of a marathon. Hopefully this page will serve as a convenient quick reference for the competition (links are provided to all web sites, plus the respective Twitter accounts,) but for the overly ambitious prognosticators, links to the judges LinkedIn profiles and their company websites are also provided.

Sorry, again the temptation to introduce a parimutuel betting application was resisted. Wagering on the results of this competition is probably one of the few activities more risky than investing in the companies themselves… Anyone electing to use results from this survey as the basis for investment decisions may also want to seek professional counseling before signing any checks…

Please make your predictions and share the survey with your friends & colleagues. Let’s see who are the audience favorites and underdogs before they even hit the stage.

If you can not see the survey above, please Click Here to open the survey in a separate browser window.

For those tree-haters who prefer a printed version, here is a link to a PDF Version of the 2011 PhoCusWright Travel Innovation Summit Survey.

Please note: Voting will close at 12:15am Eastern Standard Time, Tuesday, November 15, 2011.
The participants are listed alphabetically by category. continue reading →

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SilverRailTwitter Synopsis: Aggregates global rail suppliers into a single distribution platform with rules based APIs for each carrier system and single user interface

SilverRail - PhoCusWright Travel Innovation Summit

Just the Facts:
Company Name: SilverRail
Website: www.silverrail.com
Location: Woburn, MA
Judging Category: New Company
Business Segment: Rail Search
Product Name: Trax
Demonstrated by: Aaron Gowell, Founder & CEO

Company Description (from website)

Developed by a team of highly experienced travel ecommerce experts obsessed with improving online travel planning, SilverRail Technologies has built the first global rail platform.
A global explosion in high-speed rail, awareness of the environmental impact of travel, hassles associated with air travel, and industry deregulation have coalesced into a perfect storm, making passenger rail the travel industry’s most dynamic and fastest-growing sector.
We consolidate passenger rail products from across the globe into an integrated single-source platform that removes the complexity of selling rail anywhere in the world.

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CruiseLabsTwitter Synopsis: Multi-GDS/XML capable cruise booking engine with interactive deck maps, proprietary videos and travel agent chat within shopping application

CruiseLabs - PhoCusWright Travel Innovation Summit

Just the Facts:
Company Name: CruiseLabs
Website: www.cruiselabs.com
Location: Plano, TX
Judging Category: Emerging Company
Business Segment: Cruise Booking Engine
Product Name: NexWav
Demonstrated by: David Tossell, CEO

Company Description (from website)

Plano, TX based CruiseLabs is a travel technology company that provides cutting edge cruise booking solutions.

Our leadership team has a combined 35 years of technology development experience delivering custom solutions to the worlds most respected travel companies.

NexWav provides a cutting edge user experience with industry leading back-office capabilities.

No GDS or supplier provided platform can match it for usability, stunning content, merchandising or branding. It’s everything you need, all in one application.

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Kony SolutionsTwitter Synopsis: Single write-once, run everywhere mobile application platform provides device independent deployment across multiple channels & form factors

Kony Solutions - PhoCusWright Travel Innovation Summit

Just the Facts:
Company Name: Kony Solutions
Website: www.konysolutions.com
Location: San Mateo, CA
Judging Category: Established Company
Business Segment: Mobile Platform
Product Name: Kony Mobile Application Platform
Demonstrated by: Pico Rech, Senior Solutions Engineer

Company Description (from website)

Kony Solutions was founded in 2007 by successful entrepreneur Raj Koneru, who recognized that mobile devices and their capabilities would continue to grow exponentially and be a key driver in the next customer interaction revolution. Kony’s mission is to develop the technologies and applications that facilitate and accelerate customer engagement over any mobile operating system, device and channel.

Kony Solutions provides a suite of products and support services that enable Fortune 500 companies to offer consumers feature-rich mobile applications in less time and at lower costs than any other solution available. Kony’s proprietary Write Once, Run Everywhere single application definition enables mobile offerings to be designed and developed just once, in a device independent manner, and deployed across multiple channels, including on-device applications, mobile web, SMS, Web gadgets, and desktop applications. The Kony Mobile Application Platform™ leverages the Write Once, Run Everywhere technology for designing, developing, deploying and managing mobile applications.

The Kony Solutions team spent the first two years in dedicated development of the mobile application platform without attempting to license it until it was fully ‘baked.’ Kony only went to market in 2009 after fully developing our “Write Once, Run Everywhere” software. The results of this technology investment are remarkable: within the last year, many of the highest profile Fortune 500 companies have selected Kony Solutions for their mobile deployments. To date, about half of the U.S. airline industry has migrated to Kony. The largest financial institution in the world is deploying Kony in over 46 countries. The largest automobile manufacturer in the world has released rich, interactive applications on four major mobile device types using Kony’s Write Once, Run Everywhere technology. The list goes on.

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TrustYouTwitter Synopsis: Uses semantic technology to analyze/aggregate reviews across dozens of travel sites & social communities for hotel reputation management

TrustYou - PhoCusWright Travel Innovation Summit

Just the Facts:
Company Name: TrustYou
Website: www.trustyou.com
Location: Munich, Germany
Judging Category: New Company
Business Segment: Semantic Review Aggregation
Product Name: TrustYou Analytics & Semantics
Demonstrated by: Benjamin Jost, Co-Founder & Managing Director

Company Description (from website)

Trustyou.com is a search engine for reviews on the internet. Millions of people on hundreds of websites publish their criticism, both positive and negative, for hotels they have stayed at. In making a booking decision, it is virtually impossible for a single person to find and read all relevant reviews found in the Internet. It was our vision to make all information on a hotel available in a matter of seconds and presorted according to personal relevance. With that aim in mind, we created TrustYou.com, which browses through more than 10 million reviews on over 200.000 hotels. Using TrustYou.com you can filter those hotels that belong to categories relevant to you (e.g. near beach, lavish breakfast, child friendly) and find the best price for a specific hotel in only a few seconds. This saves you a lot of time and guarantees a safe booking decision.

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Handicapping PhoCusWright’s Travel Innovation Summit

November 15, 2010

Tweet The PhoCusWright Travel Innovation summit provides an unparalleled opportunity for companies to showcase their latest and most prized works of development wizardry to an audience of influential travel industry leaders. Handicapping this event is a difficult challenge – There is no daily racing form, and aside from Goby participating, and Amadeus winning last year, [...]

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How Google Can Help Simplify Online Travel Planning

November 5, 2009

The planning phase of the seven-step travel process is a hot area for travel startups that are developing innovative solutions to address a complex problem. Google, with 70+% share of US search traffic and many existing travel planning tools is perfectly positioned to improve and simplify the travel planning process. In the future, end-to-end planning of complex travel arrangements will result from enhanced profiles supporting trip-centric traveler personas and geo-aware itinerary sequencing tools. The introduction of hard and soft filtering will provide support for emerging Web 3.0 technologies capable of providing more relevant travel product recommendations.

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How Google Can Help Enhance Online Travel Research

September 15, 2009

Recent studies have shown that the research phase of the seven-step online travel process is becoming frustrating for consumers. Many travelers search a large number of sites or spend extended periods of time seeking information regarding airlines, hotels, car rentals, attractions and destinations that are best suited to their interests and needs. Google, with its massive search traffic and extensive advertising platform is well suited to help the travel industry improve travel research. In addition to many innovative tools that are currently offered, Google could help travel marketers by embracing travel industry standards and working to create persona-based traveler profiles that will better align the products of travel suppliers with customer needs.

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How Google Can Help Facilitate Travel Inspiration

August 20, 2009

Google, through its embracing the Open Source development community provides a wide variety of tools to developers, if creatively employed, can produce applications that help inspire travel. The Google Code site that supports developers offers numerous technologies that can help online travel sites create more compelling content to support eComerce for airlines, hotels, car rental, attractions and destinations. Google Wave provides a powerful platform for traditional travel agents to engage and collaborate with clients that will enhance their ability to inspire travel.

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