Had a great session with fellow panelist Javid Jaffer, Jek De Chavez-Hermida and Malith Ratwatta with great moderation by R. Kat Morse at the Aviation Festival Asia in Singapore to discuss "how can airlines scale up their use of data platforms and analytics to balance resources and improve operations?"
A summary of OAG's thought leadership shared on the panel included:
Aviation is a complex series of moving parts that require smooth interconnection and every day, we at OAG help businesses across the world grow and innovate with access to high-quality travel data that includes schedules, fares/pricing, flight status and traffic data to analyse the travel ecosystem in the following areas of operational efficiency, customer experience enhancement, revenue and route planning optimisation.
Migration to cloud-based platforms offers airlines numerous benefits, including cost savings, operational efficiency, enhanced security, and the ability to innovate and adapt to changing market conditions more effectively.
As a result, many airlines are increasingly embracing cloud computing as a strategic imperative for their digital transformation efforts.
Airlines are transitioning from traditional data systems to cloud-based platforms for several reasons: scalability, cost-effectiveness, flexibility and agility, data accessibility, business continuity and innovation and competitiveness.
Cloud computing enables airlines to leverage emerging technologies such as artificial intelligence, machine learning, and predictive analytics more easily. By harnessing these technologies, airlines can innovate faster, improve operational efficiency, and stay competitive in a rapidly evolving industry.
The pace at which airlines are embracing collaborative data initiatives varies depending on factors such as organisational culture, technological readiness, and regulatory requirements.
Some airlines have been early adopters of data sharing practices, leveraging advanced analytics and machine learning algorithms to derive insights from large datasets.
Others are gradually embracing data sharing as they recognise the benefits and overcome barriers such as data silos and privacy concerns.
Overall, the aviation industry is moving towards a more open approach to data sharing, driven by the recognition that collaboration and shared insights can lead to safer, more efficient, and more sustainable operations.
However, challenges remain, including data standardisation, interoperability, and cybersecurity, which will need to be addressed to fully realise the potential of data sharing in aviation.
#aviation #airlines #digitaltransformation #dataanalytics #traveltech #oag
Mobility & Aviation @Bitkom | 🇫🇷🇩🇪 Relations | ex DG CONNECT, SciencesPo, FU & ZU
1wThank you for your hospitality and the valuable input provided by your colleagues!