The Revenue Management (RM) departments of companies have the objective of maximising revenue (ideally it should be profit, but this is something we will talk about in another article) through optimal pricing management. There are many considerations that these teams…
The main objective of revenue management teams is to implement a pricing policy that maximises revenue (or profit, if they have integrated cost information in their systems). However, identifying such a pricing policy is complicated by the many different factors…
The integration of technological tools and solutions based on Big Data and AI, such as Revenue Management Systems (RMS), are essential allies to maximise profits and optimise an organisation’s revenue. More and more companies are opting for the incorporation of…
The pricing systems currently used in companies have a substantial difference with respect to those of 20 years ago. We have moved from static pricing systems, that is, constant prices at different times of the year, to dynamic systems, where…
Apache Drools is a software used to manage business rules of any kind. As it is a very extensive framework, we limit this article to directly apply a simple use case with Scala, thus leaving aside the theoretical explanations that…
Damavis Studio is a company born in Mallorca specialized in Big Data and Artificial Intelligence technologies. The largest of the Balearic Islands is one of the most important tourism hub in Europe. At Damavis, we have had the opportunity to…
Damavis is a consulting company specializing in Big Data and Artificial Intelligence with headquarters in Mallorca, a Spanish island with a significant concentration of companies in the tourism sector of great relevance worldwide. Within the field of tourism, we can…
Today, we would like to share with you how useful it could be for a data scientist at Damavis to have a good understanding about data engineering. For those of you who have a background in statistics and mathematics and…
Basic Single Node Configuration Note: the code of this post has been tested using Apache Hadoop 2.10.1. Please check out our previous post, Introduction to Apache Hadoop, to configure this version of Hadoop, in case you have not done it…
Basic Single Node Configuration Note: the code of this post has been tested using Apache Hadoop 2.10.1. Please check out our previous post, Introduction to Apache Hadoop, to configure this version of Hadoop, in case you have not done it…