About this Webinar 

The PredictX Innovation Face-Off introduced the Simulation Engine, a tool designed to solve complex travel management problems that traditional BI tools cannot. It enables travel managers to simulate and forecast decisions, compliance, and policy impacts using comprehensive data inputs.

Advanced Forecasting for Modern Challenges

The pandemic has changed corporate travel, making traditional forecasting methods obsolete. The Simulation Engine incorporates volatile rates, unpredictable travel volumes, and fluctuating air schedules, allowing for accurate, data-driven forecasts and simulations.

Key Features and Applications

The tool adjusts for changes in travel patterns and policies, forecasting costs and CO2 emissions for trips. It helps build and adjust budgets, analyze policy impacts, and set departmental spending caps, providing tailored solutions for each organization.

In summary, the PredictX webinar highlighted the Simulation Engine’s ability to transform travel management through robust, data-driven forecasting. It empowers managers to navigate today’s complex travel environment, optimize budgets, and enhance sustainability efforts.

Agenda 

• Introduction and Challenges Post-Pandemic: Introduction of PredictX's simulation engine to address complex travel management problems in a volatile, post-pandemic environment with changing rates, volumes, and policies.
• Simulation Engine Functionality and Benefits: Explanation of the engine's use of comprehensive data for accurate forecasting and simulation of travel scenarios, including trip costs, CO2 emissions, and policy impacts, highlighting its unique application of data science.
• Demonstration and Applications: Demonstration of the trip forecaster module and discussion of its practical uses in building budgets, adapting to travel pattern shifts, and supporting decision-making with precise data.

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