+ All Categories
Home > Documents > A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy,...

A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy,...

Date post: 02-Aug-2020
Category:
Upload: others
View: 0 times
Download: 0 times
Share this document with a friend
41
A Recipe for the Future: Innovation and Adaptation amid the Post COVID-19 Recovery Arthur Huang, Ph.D., LEED AP BD+C Assistant Professor [email protected] Research Interests: Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial Intelligence, & Future of Work July 29, 2020
Transcript
Page 1: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Recipe for the Future: Innovation and Adaptation

amid the Post COVID-19 Recovery

Arthur Huang, Ph.D., LEED AP BD+C

Assistant Professor

[email protected]

Research Interests:

Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial Intelligence, & Future of Work

July 29, 2020

Page 2: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: quatrix.com

Mental Health and COVID-19

Page 3: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Mental Health and COVID-19

Source: quatrix.com

Page 4: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

COVID-19 hard hit the hospitality tourism industry

Page 5: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Impact on the whole food supply chain

Page 6: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Source: yelpeconomicaverage.com

Page 7: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: yelpeconomicaverage.com

Page 8: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: economictracker.com

Page 9: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: economictracker.com

Page 10: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: economictracker.com

Page 11: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: economictracker.com

Page 12: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: economictracker.com

Page 13: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Data source: burningGlass.com

Page 14: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Source: Yeo, L. (2020, June 15).

Page 15: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Big data perspective

Source: Yeo, L. (2020, June 15).

Page 16: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: cnbc.com

Chain restaurants recover faster than independent ones.

Page 17: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Grubstreet.com

Page 18: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Recipe for the Future

New Guest Experience

Technological Adaptation

Stronger Partnerships

Page 19: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Recipe for the Future

New Guest Experience

Technological Adaptation

Stronger Partnerships

Page 20: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: BCG Henderson Institute (2020)

Crises often lead to long-lasting changes

Page 21: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: BCG Henderson Institute (2020)

Potential Implications of Spending More Time at Home

Page 22: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Grubstreet.com

New Guess Experience

Shift in standards: New procedures, tasks, and training need to taken

to ensure that guests are safe and are informed about the new tasks.

Effective communication: Company apps, websites and signage can all

be used to ensure guests are receiving the most up-to-date information.

Personalized services: Be creative with new implementations to provide

personalized services amid and post COVID-19.

Page 23: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Tripadvisor.com

Tripadvisor’s Travel Safe Initiatives

Page 24: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Tripadvisor.com

Tripadvisor’s Travel Safe Initiatives

Page 25: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Eikenberry et. al. (2020)

The Precaution Principle

“Approaching issues of potential harm when extensive scientific knowledge on the matter is lacking”.

Pandemic transmission modeling suggested that face mask use

should be nearly universal and nation-wide even if most masks

are home made. (Eikenberry et. al. 2020)

For service industry

Effective precaution measures Consumers’ satisfaction

Page 26: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Consumers’ behavioral changes due to COVID-19

Greater embrace of digital technologies

Greater sense of personal protection

Density is less desirable

Greater need for visibility on cleanliness and sanitization

Page 27: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Recipe for the Future

New Guest Experience

Technological Adaptation

New Partnerships

Page 28: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: Marriott.com

Marriott expects to expand the use of its Mobile Key technology

from the 1,800 hotels to its Bonvoy program members to all the

7,000 properties by the end of 2020.

Page 29: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: NYCWFF.org

Page 30: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: NYCWFF.org

Innovative Craft Beer Festival

Page 31: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

MICE Industry Goes Digital

Source: miceseoul.com

The world’s first VR conference “V²EC” held on March 19, 2020,

Page 32: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: tripadvisor.com

Virtual tours

Page 33: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

https://youtu.be/Dojvmqx49fw

Robotic Server

Page 34: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

A Recipe for the Future

New Guest Experience

Technological Adaptation

Stronger Partnerships

Page 35: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Aldi and McDonald’s staff sharing deal in Germany

Source: /www.winsightgrocerybusiness.com

Page 36: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Stronger Partnerships

Trust relationship among entities on the supply chain network

Labor market and transferrable skills

Page 37: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Source: https://hospitalityinsights.ehl.edu

New Partnerships

Page 38: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Skill transferability

Source: forbes.com

Page 39: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Summary: A Recipe for the Future

New Guest Experience

Technological Adaptation

Stronger Partnerships

Page 40: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Future Steps

Work Reorganization

Consumer Value Evolution

AI in the WorkplaceOvercoming Challenges

New partnerships

Page 41: A Recipe for the Future: Innovation and Adaptation amid ... · Big data Analytics, Digital Economy, Sustainability, Social, Economic, Behavioral, and Psychological Impacts of Artificial

Questions?

Thank You!


Recommended