CEO of Perfect Price, Alex Shartsis, joins CEO of Outlier AI, Sean Byrnes, to discuss AI and the business of rental cars.
Imagine putting on a performance for an audience–but nobody shows up. Sucks, right? Some people just lived with that reality, figuring, it's normal. But Kevin Stutz, CEO of Ace Rent A Car, thought differently.
Here's how Kevin took on an industry scourge–the no show–and won. With real numbers.
A popular misconception about artificial intelligence (AI) is that it will replace humans. Just like machines on the factory floor, these robots-in-the-cloud will do the jobs of everyday people. While it now seems clear that manufacturing robots do eliminate human jobs, the same is not true for AI. In fact, quite the opposite.
Would you promise to send a rocket to Jupiter before you proved you could get one into space at all?
The International Car Rental Show is a once a year gathering covering everything car rentals. For $695 you get to spend a few days in Las Vegas with some of the most interesting companies in the industry.
Three subjects dominated. Artificial intelligence made up 90% of my conversations. But the other two were perhaps more surprising.
Did you think car rental companies make money from renting cars?
Who doesn't love Westworld? Turns out artificial intelligence is a real thing right now. And I think it's more than just wanting something new to watch on television after the election.
Pricing is complicated. Today we make it simple: with segmentation. And, lemonade stands.
Have you ever wondered, what would happen if we made a big change to pricing? I don't mean try ending a few prices in $0.99 or $0.95. No. I mean changing everything!