Walker Innovation Inc fka WLKR

[TallTrader]

Forbes: The Five CEOs Who Are Reinventing Industry Through Digital

NOTE: WLKR owns a large position in Upside.com

As executives, entrepreneurs and investors seek significant growth the greatest return is often in reinventing an entire industry; the larger the industry, the greater the reward.

Of the 750 CEOs I’ve interviewed, I thought it would be important to highlight five – those who are reinventing entire industries. All have two things in common: large industries, and solutions now available because of emerging technology and ingenuity. These industries include: golf, travel, retail, online transactions, and even hair transplants! The five transformative CEOs are:

Jay Walker: Upside has invented a Big Data software technology called a “Flexibility Engine.” Every 24 hours our Flexibility Engine searches, analyzes, scores and ranks 3 terabytes of data – the entire travel industry database of 100,000+ commercial airline flights and 750,000 hotel rooms available that day. It finds the 6 best “needles in the haystack” – air and fight choices - for each business traveler and each trip. If the traveler is a tiny bit flexible on which business-quality flights or hotels they choose, they can save significant additional money for their company and earn a gift card reward for themselves worth $200 or more at their choice of 50 top national retail stores.

The Flexibility Engine applies to much more than just business travel. The principles of one-price packages with concealed discounts, combined with using incentives to “steer” customers to lower-priced options, can transform complex, multi-billion-dollar industries where the people who buy the product or service are not price-driven because they’re not the payers. Think health care and insurance, for example.

https://www.forbes.com/sites/robertreiss/2017/04/26/the-five-ceos-who-are-reinventing-industry-through-digital/#574b71fe4da4