Redefining Rentals: A Comprehensive AI Mobile Solution Promoting Sustainable Consumption of Unused Items

Document Type

Article

Source of Publication

Studies in Big Data

Publication Date

1-1-2024

Abstract

People usually rent items for many reasons: to save money, to solve storage issues, or to use an item for a short term based on their needs. The rental industry is undergoing a significant transformation with the rise of online rental platforms and the increasing consumer preference for renting over traditional ownership. This paper proposes a smart mobile application that maximizes individual financial returns, optimizing storage space, and making effective use of seldom-used items. The application will have a smart search engine with a speech recognition feature, allowing for easier and faster searching, and a distance map to view rentable items close to users. Also, the application will enable users to either rent out their unused items or view items and rent them. By exploring innovative technologies, addressing key challenges, and analyzing the economic implications, this article provides a detailed insight into how developers are reshaping the landscape of rental services.

ISSN

2197-6503

Volume

159

First Page

283

Last Page

294

Disciplines

Computer Sciences

Keywords

AI rental platforms, Economic implications of renting, Financial returns on unused items, Rental industry transformation, Speech recognition technology, Storage optimization, Sustainable consumption

Scopus ID

85210171960

Indexed in Scopus

yes

Open Access

no

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