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5 tips for better business value from gen AI

CIO

What success looks like can vary widely and range from reducing a call centers escalation rates, a food distributors sales order processing time, or a professional services companys new employee onboarding time, to an airline that personalizes customer communications or a media company that provides real-time language translation.

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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Airline Reporting Corporation and IATA Billing and Settlement Plan: How they Work

Altexsoft

In this article, we’ll figure out what BSP and ARC mean and — more importantly — why you should care, if you are a travel agent that wants to issue flight tickets on behalf of airlines. Sounds complicated, but in plain English, BSP is a payment mediator between airlines and travel agents. Start there and then come back.

Airlines 126
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Airline Consolidators Overview: Their Role, Advantages, and Key Players

Altexsoft

Flight consolidators are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Airline consolidator business model: how it works. Most of the large consolidators appeared in the 1970-1980s when airlines had more seats than they could ever sell via travel retailers.

Airlines 113
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Airline Reservation Systems and Passenger Service Systems: Navitaire, Amadeus Altea, SabreSonic and more

Altexsoft

Except that we are describing real-life situations caused by small failures in the computer system. In this article, we’ll discuss airline software suites, their major modules, and available modern solutions, created to change the current state of things for the better. The first generation: legacy systems.

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Dynamic Pricing Strategy for Airlines: Exploring Current Problems and Adopting Continuous Pricing

Altexsoft

In the 1980s, American Airlines and its former president Robert Crandall started a revolution in airline pricing. Crandall is famous for many airline innovations that we use today, such as inventing the first frequent flier program and contributing to route optimization and central reservation system adoption.

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De-risk equipment management

Capgemini

EaaS is a system by which OEMs or service providers assume maintenance and management responsibility for large equipment, freeing companies to concentrate on business priorities and not spare parts and service schedules. The airline industry was the first to roll this out. EaaS is a go-to solution for both sides.