Digital Transformation Initiative Aviation, Travel and Tourism Industry

| June 9, 2017

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The Digital Transformation Initiative (DTI) is a project launched by the World Economic Forum in 2015 as part of the System Initiative on Shaping the Future of Digital Economy and Society.

Spotlight

Yangon Airways

Yangon Airways was established in October 1996, as a domestic airline in a joint venture between Myanma Airways, the state-owned national airline and Krong-Sombat Co., of Thailand. In October 1997, MHE-Mayflower Co., acquired Kong- Sombat's shares in Yangon Airways and the remaining shares in 2005. Since then the airline has evolved into a principal domestic airline operating scheduled and charter services from yangon to 15 prime commercial and tourist destinations in Myanmar.

OTHER ARTICLES

Inflight Connectivity Continues Making Global Strides

Article | March 3, 2020

With our 2020 predictions series wrapped up, one common theme we saw across different thought leaders was the increasing presence of inflight connectivity (IFC) in the aviation ecosystem. In addition to contributing to the passenger experience, IFC enables a more robust and higher value proposition to airlines for operating the aircraft. In recognition of this important theme, we captured a few industry news stories highlighting IFC’s growing influence in the aviation ecosystem in our latest roundup. Read below for more stories about how IFC is shaping the present and future of the aviation industry: Last month, Inmarsat announced that its GX Aviation solution reached the milestone of powering 1 million free inflight Wi-Fi sessions for Air New Zealand, approximately one year after the airline moved towards a free inflight Wi-Fi model.

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Why Did Airbus Build The A330?

Article | April 6, 2020

The idea of building the Airbus A330 dates back to the mid-1970s when the European planemaker was looking to improve the A300. The concept for the A330 was to build a widebody aircraft that could compete with the Lockheed L-1011 and the McDonnell Douglas DC-10.The program to build a successor to the A300 split into two branches: the A330 and the A340. By the 1980s, Airbus had developed a fly-by-wire system for the A320 family of jets that it wanted to incorporate into the larger planes. Airbus thought that, by doing this, it would give them the upper hand over Boeing when it came to cockpit commonality. By making the flight decks and characteristics the same on all Airbus aircraft, it would allow airlines to cross-train crews quicker.

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The A350 Vs 787 – What’s Better For Condor’s Fleet Replacement?

Article | February 19, 2020

Frankfurt-based Condor has been going through some changes lately. Until recently, the airline operated under the Thomas Cook umbrella. Following their bankruptcy last year, ownership of Condor passed to the Polish Aviation Group, owner of LOT Polish Airlines. This has set the scene for some decision-making at the 65-year-old airline. Chief amongst the decision making is what to do about Condor’s fleet of aging long-haul aircraft.

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The Outlook of Aviation Industry’s Next Vision Beyond 2021

Article | August 31, 2021

The pandemic has caused a deeper level of disruption, which brought the aviation industry to a standstill for months. After facing long months of hardship, what vision and steps will be for airline recovery? This is a significant concern. This would now require complete planning over some crucial areas that form the pillars of the aviation industry. It is especially airline businesses that require a novel set of advancements to build operational confidence. As the industry is rebooting, technology is benefiting. Be it robotics, IoT, biometrics, seamless integration, automation, and more will aid businesses and their processes. Therefore, the industry’s next vision is being set according to the evolving changes in the airline industry due to covid-19. It will establish resilience and flexibility for businesses to adapt to changing conditions while improving efficiency. Here are the key considerations that will be seen as airline recovery curbing airline challenges to plan new avenues beyond 2021. Collaboration Collaboration in the aviation business landscape has been the most important consideration after the pandemic affected the industry. Keeping the vision of collaborating with stakeholders and the commercial airline industry to focus on business and customer confidence will restart operations safely. Collaboration in the future will have a better grasp and be more efficient because of better coordination of data sources being introduced currently. Collaboration becomes even more crucial in the coming years, where you will need updated and accurate information about your business operations. This vision will enhance chances of the following aspects as well: Customized Experience Leading to the modifications happening in the industry, you will be able to offer customized services to customers. Advanced integration functionalities will allow forming a contactless and personalized experience to curb the challenges prevailing. Providing transparent and reliable information to customers is one of the critical aspects of airline recovery and rebooting happening now. This is why a customized experience will aid airline businesses more safely in the coming years. Personalization Today, airlines, governments, and stakeholders are developing best practices for the immediate future of business with a greater focus on personalization throughout the service journey. It will help attract potential customers and end the general approach, which the industry was practicing before the pandemic. Monitoring To design a post-pandemic business model, you can look at the types of technological solutions and processes that have already been started and would emerge beyond 2021. It has been envisioned that airline industry analysis, coupled with monitoring, would allow businesses to manage resources more efficiently. In this way, deployment of the technology stack will be more accessible according to the need. This will strive to reduce crowds at airports and, therefore, effective management with the help of predicted monitoring will be in action. Digital Solutions The new normal in the aviation industry, using technology, would continue to ensure physical contact is diminished or might be eliminated in the future. Mandatory digital checks, implementation of digital platforms, contactless services, and information collected through mobile devices are some elements of the new business models. The industry's vision in the coming years is to demonstrate how it can use digital technology for transformation at scale. Advanced Processing System The next, the aviation industry foresees, is utilizing technology for automation, security, identity management, and robotics. Using these, you can develop attractive yet safe experiences for staff as well as customers. The advancing data processing system and management offer a seamless module for companies to handle risks, controls, handling, and tracking. The inclusion of the advanced system at the airport, airline companies will make the process function efficiently. And because of optimized coordination through automated touchpoints, chances of an increase in revenue will be higher and faster than before. Remote Processing The continuous advancement of airline activities will significantly support capacity limitations in the coming years. Because of this, you will have safer processing of data and information without any threats or breaches. The pandemic has put greater focus on the need for such a flexible approach with resilience. Also, it brings urgency to the availability of technology to use while going remote so that you can provide flexibility to your employees to work frictionless. The industry's vision in its plan is to unlock the full benefits of technology to access and initiate global coordination remotely. A Changed Way to do Business Today—Sustainability Companies operating in the airline business are still understanding to survive in the times of COVID-19. Being fast and evolving is the only way they realized to fight against the current situation. The new normal is bringing changes in the airline industry post covid. This will help the industry to get back its wings to forecast and set up its next vision in the future. Therefore, industry stakeholders need to quickly put immediate business restart efforts to focus on sustainable implementations. This will make the future actions of the aviation industry monitor and evaluate effectively well in response to the ongoing pandemic. Also, it would help them be ready to face even harsh circumstances if anytime it approaches. Frequently Asked Questions What are the risks to the aviation industry during COVID-19? The level of risk is on the rise in the COVID-19 situation at present in the aviation industry. It may affect the operation, new business models, management, monitoring, and evaluation more as remote work culture is hyped. What are the main sectors of the airline industry that need improvement? There are limited sectors in aviation. However, the main ones that need improvement are commercial aviation and business aviation. What are the crucial areas of operation in the aviation industry? Flight operations are crucial, including operation control, connectivity, network, data handling, integration, maintenance planning, and software. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the risks to the aviation industry during COVID-19?", "acceptedAnswer": { "@type": "Answer", "text": "The level of risk is on the rise in the COVID-19 situation at present in the aviation industry. It may affect the operation, new business models, management, monitoring, and evaluation more as remote work culture is hyped." } },{ "@type": "Question", "name": "What are the main sectors of the airline industry that need improvement?", "acceptedAnswer": { "@type": "Answer", "text": "There are limited sectors in aviation. However, the main ones that need improvement are commercial aviation and business aviation." } },{ "@type": "Question", "name": "What are the crucial areas of operation in the aviation industry?", "acceptedAnswer": { "@type": "Answer", "text": "Flight operations are crucial, including operation control, connectivity, network, data handling, integration, maintenance planning, and software." } }] }

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Spotlight

Yangon Airways

Yangon Airways was established in October 1996, as a domestic airline in a joint venture between Myanma Airways, the state-owned national airline and Krong-Sombat Co., of Thailand. In October 1997, MHE-Mayflower Co., acquired Kong- Sombat's shares in Yangon Airways and the remaining shares in 2005. Since then the airline has evolved into a principal domestic airline operating scheduled and charter services from yangon to 15 prime commercial and tourist destinations in Myanmar.

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