The Aviation world is undergoing a revolution driven by AI and Data Analytics to guide decision making.
iGloble's Machine Learning driven Predictive Analytics solutions extract value from your data and provide actionable insights to support your aviation operations.
Recent studies show a reduction of maintenance budgets by 30 to 40% if a proper implementation is undertaken by Big Data Analytics enable the processing of large amounts of data in short amount of time.
In Airline operations if we can predict Component failures(within 5 cycles), one can ensure availability of spare at a particular station or carry it on board(fly away kit) depending on your operation to prevent disruption (Technical delay/cancellation).
Identifying the scenarios that can show the impact and simulating the same is a critical step in this EASPP process. iGloble's Simulation Framework uses statistical methodologies to run the simulations. At the end you get to see results without actually going through the exercise.
Based on Industry data, one Technical cancellation at a full service carrier can result in financial impact of 0.5 to 1 Million USD.
For an Airline/Operator with Fleet size of 50 A/C in operation, could report around 10 Technical delays/cancellations in a month. With financial impact of 0.5 to 1 million USD on one Technical cancellation on a full service carrier could result in minimum financial impact of approximately 50 million USD over a year.
As per DGCA reported data of domestic airlines, on an average 30% passenger complaints are due to Customer service and 25% are related to baggage issues.
Well informed and empowered Customers expect a superior, personalized experience. They base their expectations on the best experience they have had and hold every business to the same high standard.
To deliver truly personalized Customer experience you need to understand the Customer completely.
iGloble's Predictive Customer Analytics solutions provides Customer Insights to deliver best actions to your front line team.
These actions will result in: