SHARE THIS NEWS
Close
Font Size
  • AbcSmall
  • AbcNormal
  • AbcLarge
Close
Airlines / Aviation

AI can help save $25 bn for airlines, airports: Study

AI can help save $25 bn for airlines, airports: Study

Synopsis

Artificial intelligence is developing quickly and airlines and airports are turning to the academic community to help them with predictive tools.
PTI
SHARE THIS NEWS
Close
Font Size
  • AbcSmall
  • AbcNormal
  • AbcLarge
Close
MUMBAI: Airlines and airports can save an estimated USD 25 billion annually from flight disruptions by harnessing artificial intelligence, cognitive computing, predictive analytics and other progressive technical capabilities, says an industry report.

According to a report by Sita, a technology services provider to air transport industry, predictive tools using artificial intelligence and cognitive computing are likely to be adopted by half of airlines and airports over the next decade, which can help them save up to USD 25 billion.

Predictive technologies can provide passengers with more relevant information about their journey to help them create more seamless and personal experiences, Nigel Pickford, director market insight at Sita said.

"Airlines and airports are focusing on technologies that will make them more responsive to issues in their operations. This will enable them to improve their performance and customer services," Pickford said.

Artificial intelligence is developing quickly and airlines and airports are turning to the academic community to help them with predictive tools to tackle disruptions, he said.

(You can now subscribe to our Economic Times WhatsApp channel )

(Catch all the Business News, Breaking News Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

More

print edition
print edition title
Wednesday, 24 April, 2024
  • Digital View
  • Print View
  • Wealth Edition

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Sign in & Access ET Prime