4 Ways To Build Predictable Revenue In Car Rental Businesses

Posted by Monis Khan on Jun 4, 2019 3:55:47 PM

You might be wondering how car rental companies end up making money.  Well, they buy cars in reasonable amounts and then make money by selling them for more than they paid. Just like any owner who rents out his home for tourists on vacation, when car rental businesses rent these cars out, they are merely covering the operational expenses while waiting to resell the vehicles at a fair price. Sounds crazy but this is the way such businesses have been operating for decades. Moreover, yes, that's the reason you might still be able to rent a car at $6.50 a day in Las Vegas sometimes.

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Tags: Datoin Platform, AI, Cognitive Document Understanding, Machine Learning, Customer Churn, Car Rental Business, Predictable Revenue, Self-drive

3 Mistakes That Cause Customer Churn In Car Rental Businesses

Posted by Monis Khan on May 13, 2019 10:42:58 AM

Say you are back after traveling from a long fun trip and you are busy recalling all those wonderful experiences you had. You might spend a couple of minutes recalling the car rental experience. But more often than not, you might end up forgetting it. You may notice that it’s not really a problem with the car rental industry being deficient in certain tools, technology or the workforce. The issue here would most likely be the mindset of the service providers who would rather approach this business as just an income earning service and not exactly something that can count as experience.

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Tags: AI, Machine Learning, Customer Churn, Car Rental Business

About Datoin

Datoin is an enterprise automation platform which helps enterprises to automate their processes by leveraging enterprise's data, artificial intelligence, and component-based engineering. Although Datoin can be a generic platform for building any automation application, our focus is on artificial-intelligence driven business process automation. Currently, we are solving some of the automation problems in Customer Experience Management, CRM and Geo Analytics, etc.

Advantages of the platform:

  • Reduced software development cost(Because of building block re-use)
  • Faster application creation(Can create an application just by using GUI) 
  • Off-the-shelf blocks for data integrations and intelligence
  • Flexible deployment mode(Managed Cloud, On-Premise, Stand-alone app, Distributed App)

 

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