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Taxi business is an all-time thriving business; however, the accessibility of the service was a little bit clumsy and inconvenient because of the disordered booking system, indecisive driver behavior, or difficulties in finding locations. The advent of taxi technology for online ride-hailing services has made bookings and dispatching easier for passengers, drivers, and business operators.
Artificial intelligence (AI) decides the future of business because it resolves plenty of problems that curb growth. It answers the unprecedented question in advance with its actionable insights driven from data, especially the historical ones. Businesses being integrated with technology produce a huge amount of data every nanosecond that can be analyzed computationally to understand the trends and patterns associated with human interactions and behavior.
We all know how important the taxi management software is for taxi business. However, such a trend-setting technological innovation can be more effective when it sticks to the evolving environment and holds features that really work for the intended purposes. The advent of taxi booking and dispatching applications has opened the floodgate for many service providers to evolve in the most competitive atmosphere.
With an AI-powered dispatch system, predictions will become much easier for taxi businesses. Now, we are on our way forward to provide solutions that fit the future of the transportation market.
Today, passenger transportation industry is at the center of a raging storm with every ride-hailing entrepreneurs eyeing to capture the market. With 13.5 CAGR per annum, there is a huge opportunity for businesses to venture into profitable regions.
Valued to be hundred billion dollars in 2030, passenger transportation is going to be a game changer altogether.
On the 14th and 15th of March 2018, NDOT participated in the biggest event held for Vehicle Telematics at Park Plaza, Bengaluru. The conference accompanied by an exhibition was a joint initiative of Telematics Wire and Centre of Excellence to explore the connected automotive ecosystem.
What makes taxi-hailing business gain popularity is nothing but its convenience and simplicity. However, industry giants have had a few strategies that help them rule the taxi world and explore greater opportunities. Here I have listed some 7 strategies that will definitely work for you if you are into taxi business or have any plan of taking up taxi aggregation.
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