Ticket Auction Smart App: Enriching Passenger Experience with Advanced Technology
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Added on 2023/05/28
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Ticket Auction Smart App is a user-friendly mobile app that allows passengers to purchase tickets at low prices even during peak seasons. This presentation discusses the evolution of the idea, market size, technology design, operation and IT rights, value by dealing with current issues, and business structure of the app.
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Ticket Auction Smart App USE OF ADVANCED INFORMATION AND TECHNOLOGY TO ENRICH THE EXPERIENCE OF PASSENGERSBY ALLOWING THEM TO GET THEIR HANDS ON TICKETS WITH A SIMPLE TOUCH OF MOBILE.
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Evolution of the idea The demand for tickets is not always stable. Often there are times when the demand for tickets is extremely low. In such low demand seasons offering tickets at low prices to the passengers would be possible with the use of smart ticket app. Similarly purchasing tickets at relatively low price even in the peak season would also be possible with the use of the app.
Market Size There are more than dozens smart phone apps in the country including Dubai Tourism, Time out Dubai Travel, Dubai Metro and many more. The huge market provides all the operators an opportunity to earn profits from market. In 2016 the contribution of Tourism and travel industry to the gross domestic products of the country was AED 68.50 billion. This was approximately $18.7 billion.
Market survey 65% of the passengers and travelers still feel they are paying high amount of cost for touring and travelling the country. The international passengers are finding it very difficult to continue travelling due to increased costs. More than 80% of the people surveyed have said they would prefer low a new smart app to provide all information about the different sights in the country along with ability of ticket booking and hotel booking (Vázquez-Cano, 2014).
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Technology design and Novelty User friendly interface. Android based smart phone. The app will run in iPhone also. The liquid crystal screen resolution of the app will help the passengers to check the sights and hotels with more clarity. The DDR based technology will ensure faster operation of the app.
Operation and IT rights The operations and IT rights shall be reserved to the organization. Passengers and travelers shall be allowed to access the app with a simple registration process which requires their specific mobile numbers to be included in the sign up section of the app. Security and control measures have been inbuilt in the system to protect the data and information from unauthorized access and use (Alemiet. al.2018)
Value by dealing with the current issues It is important o keep in mind the all important issues while developing the smart app to ensure that the final result is as per expectation of the stakeholders. Thus, in order to take into consideration the interests of different stakeholders it is extremely important to identify the stakeholders to the smart app.
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Appropriately refined The tickets will be available 24x 7 with introduction of the app. It would be possible for the passengers to buy tickets from anywhere in the country with the use of the smart app. Apart from the mobile app the website will also provide the same services to the passengers. Easily available for use. Inventor will be paid royalty on the basis of time share.
Industry environment refined The research shall specifically focus on the requirements of the market. The app shall be available on android and iPhone. The app shall be marketed aggressively. Thetravelers and passengers will be free to use the app by signing up in the site.
Competitive context There are already dozens of online app operator in the country. Hence, the bargaining power of the customers is quite significant. With constant innovation the threat of new entrants in the market is very high. With companies looking to develop new and smarter apps and online tools in the industry the threat of substitute products is huge. Suppliers have very limited bargaining power (Alemiet. al.2018).
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Business Structure A company is always preferable to launch a new product at a large scale. It is also important to keep in mind the huge amount of funds needed to market the product. Hence, establishing a company will be helpful in raising huge amount of capital to market the product at large scale. Penetration pricing and aggressive marketing campaign will help the company to earn a significant market share.
References Alemi, F., Circella, G., Handy, S. and Mokhtarian, P., 2018. What influences travelers to use Uber? Exploring the factors affecting the adoption of on-demand ride services in California.Travel Behaviour and Society,13, pp.88-104. Vázquez-Cano, E., 2014. Mobile distance learning with smartphones and apps in higher education.Educational Sciences: Theory and Practice,14(4), pp.1505-1520.