Technology, big data and the Internet are about to transform how small to medium-sized aviation companies are managed. This segment of the industry hasn't changed in over 50 years. Sure, some of the aircraft have become slightly more advanced, but generally speaking, aircraft are mostly analog. Worse, companies that operate these aircraft haven’t changed much in the last half century either. Companies are still using carbon-copy paperwork, whiteboards, and spreadsheets to run multi-million dollar companies.
These companies represent 89% of the industry by fleet size. These are companies fighting wildfires for governments around the world, flying out to oil and gas platforms, providing tourism flights, operating air ambulances, or providing charter and some smaller scheduled aviation services. Collectively, this represents about 187,000 aircraft globally.
It’s archaic that pilots are still looking at their watches and recording flight events such as engine start time, take-off time, landing time and so on, and writing this information down on a piece of paper. That piece of paper and associated pieces papers, is typically handled by an additional 5 people (maintenance, accounting, flight operations, administration, customer). Worse than archaic, it’s error prone, inefficient and expensive. Sadly, there’s no data collection component to this process. In many ways 89% of the industry is flying blind.
Government regulations are becoming harder to deal with. Safety and compliance demands continue to increase from companies who hire aviation services such as oil and gas companies, mining companies and even the insurance companies. It’s getting more challenging for aviation companies to meet government and customer compliance requirements without a complete Flight Operations Management system. Increasingly, customers, insurers, regulators, and auditors are demanding more transparency in costs and safety. Compliance and operational costs are increasing while there is downward pressure on rates.
When getting squeezed in terms of both revenue and costs, getting more efficient is the only way to prevent being permanently grounded. Embracing the effective use of data in an all-in-one aviation management software system will be the game changer.
Four ways that technology will start transforming the industry will be
FlightOffice is at the forefront of this dramatic transformation. By providing an all-in-one flight operations management system we're helping companies use data effectively to streamline operations, eliminate paperwork and save money.Download our brochure to find out how FlightOffice can help you.