Tourism and Travel can Effectively Benefit from Technologies Associated with Industry 4.0

Vasile Mazilescu
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Vasile Mazilescu: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2019, 53-63

Abstract: Connecting many products to the Internet, presence of sensors, wireless communications expansion, robot and intelligent machine development, real-time data analysis have the potential to transform how travel and tourism are made. The benefits of developing intelligent applications in the field of tourism consist in recognizing enabling technologies as a real catalyst in driving business efficiency for the coming years. This paper highlights the fact that Artificial Intelligence (AI), Internet of Things (IoT), Robotics, All Reality are really a major business topic, particularly in the field of tourism, and there is a sufficient capacity for these technologies to support future business travel models. We consider that the conceptual and practical evolution of Industry 4.0 can positively and consistently influence the development of tourism, and there are many similarities between them. Even though the concrete applications of the AI in tourism are still insufficiently elaborated, we believe that extremely rapidly, by increasing the capacity (mobility, speed, volume od data, the ubiquity of data processing and data transfers, interconnection) of intelligent processing, tourism and tourists will benefit from much closer services of concrete needs throughout travel.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2019:p:53-63

DOI: 10.35219/rce206705327

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