Travel / Hospitality

Why Big Data Matters to Hotels and Travel

Most of the early adopters have been travel agencies, digital players and airlines. Processing Big Data is an investment, requiring equipment that can handle a constant stream ranging from a few dozen terabytes to many petabytes of data in a single set, according to an article published in the International Journal of International Science in 2012.

The good news is the cost of storage is getting cheaper. Loren Gray, director of ecommerce for Ocean Properties Limited, says the price went “from $1.30 per gigabyte of data 10 years ago to about 2.3 cents per gigabyte at present,” in a recent article for HotelNewsNow.com.

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