In the modern business landscape, where global operations and international partnerships are commonplace, ensuring the efficiency and safety of corporate travel is paramount. As a decision-maker, you’re tasked with overseeing not just the profitability of your business but also the well-being of your employees. This is where the next-gen travel tracking technology steps in, acting as a digital compass for every corporate journey.
The Evolving Business Travel Landscape
The dynamics of business travel have undergone significant transformation. With the rise of globalisation, businesses are no longer limited to local or regional operations. You might find your company operating across continents, with teams collaborating from different time zones. This global reach, while offering numerous opportunities, also presents its own set of challenges, especially in the realms of journey management and people travel management1.
Journey Management vs. People Travel Management
Journey management zeroes in on the actual routes, modes of transport, and the logistics involved. It’s about ensuring that the business’s logistical paths are efficient and secure. Conversely, people travel management focuses on the safety and well-being of travelling employees. It’s about making sure that your team, while on the move, is safe, informed, and equipped to handle any unforeseen circumstances2.
Accounting for Employees Whilst in Transit
A significant challenge in people travel management is keeping track of employees while they’re in transit. With diverse modes of transport and varying schedules, how do businesses ensure the continuous safety of their travelling workforce? Cutting-edge travel tracking technology offers real-time data, allowing companies to monitor and account for their employees throughout their journey3. This not only bolsters safety but also facilitates timely interventions in case of disruptions.
Harnessing Aggregated Global Risk Data & GIS
For travel tracking to be truly potent, it’s imperative to incorporate aggregated global risk data. This enables businesses to anticipate potential threats or disruptions in specific regions and strategise accordingly. Geographic Information Systems (GIS) are instrumental in this endeavour, offering visual representations of various data, making it more digestible and actionable for you and your team4.
Operational Risk Management in Business Travel
Operational risks in business travel can span from geopolitical events, natural calamities to supply chain disruptions. Recognising these risks and having a robust system to manage them is crucial. Real-time data empowers businesses to monitor situations as they evolve, enabling you to make informed, strategic decisions5.
The Horizon of Travel Monitoring and Tracking
As technology continues its relentless march forward, the capabilities of travel tracking systems are set to expand. Integration with other platforms, predictive analytics, and AI-driven insights are on the immediate horizon. For businesses, this heralds more streamlined travel planning, cost efficiencies, and above all, the enhanced safety and well-being of their workforce.
In wrapping up, next-gen travel tracking technology isn’t a mere luxury but an essential tool in today’s interconnected business world. It’s the digital compass that ensures every corporate journey is safe, efficient, and devoid of unnecessary disruptions.
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- Towards Mobility Data Science (Vision Paper) ↩
- Potential destination prediction for low predictability individuals based on knowledge graph ↩
- Context-aware multi-head self-attentional neural network model for next location prediction ↩
- Geo-Adaptive Deep Spatio-Temporal predictive modeling for human mobility ↩
- The Road to 2030: Phocuswright ↩