Corporate travel agencies and travel management companies stand to make tremendous gains if they adopt big data gathering and management in their operations, says Thomas Davenport, a visiting professor at Harvard Business School. Big data allows agencies to glean more precise information about clients' travel and consumer preferences, which enables them to make better decisions when planning a trip. "With relatively little effort, travel agents will be able to come up with recommendations for every aspect of a trip that are highly tailored to the employee's needs and preferences," Davenport said.

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