Technologies have a huge impact on businesses and help them to interact with customers, make weighted decisions, and build efficient environments. And aviation is not an exception.
Nowadays, you don't have to go to a travel agency to buy a ticket, as well as airport management doesn't have to wait for weather forecasts from side organizations.
Four types of analytics, descriptive, predictive, evaluative, and prescriptive, help airlines to build an effective routine and improve revenues. Do you remember essay writing at college, when you had to collect lots of data? The same happens with management tools: they gather, analyze, and process data to give airlines information about every aspect of the business.
Airlines need the assistance of technologies, and below, we are going to tell you about the most important views on a management dashboard and why airline industry analysis is so beneficial.
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The Most Common Capabilities of an Airline Dashboard
Self-service travel management
Every dashboard consists of tabs or as they are also called workspaces or views. The number of these pages can vary from one airline to another, depending on its size and goals. Below we will tell you what elements these tabs include and how airlines use the obtained data.
1. World map and main key performance indicators
Remember when companies needed paper help because there were ceiling-high piles of documents on the desks? Those times have long gone because modern technologies provide airlines with comprehensive information on the KPIs on a single screen. The world map gives information about the status of your company and recent flights. Plus, this tab indicates the most important indicators like average delays, arrival and departure punctuality, and so on.
2. Lists of flights and KPIs views
Another important element of a dashboard is a flight database where companies can quickly find information about arrivals, departures, and anything related to their planes. Depending on a company, this workspace can look like a simple list of flights or contain lots of additional customization features like plane type, active airports, etc.
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3. Maintenance data
Airlines have to conduct numerous operations with lots of criteria at the same time. As if you are managing an essay writing service with hundreds of writers and thousands of customers. That is why many carriers in the industry have a separate page with maintenance data. It highlights airports and hubs in different colors and allows monitoring whether all the elements of the panel are working the way they should.
4. Comparison of different indicators
Recently, airlines started creating separate workspaces to compare and monitor the key performance indicators that are important at this very moment. This tab consists of columns that visualize KPIs that you want to compare. The most common elements of this workspace may include a comparison of fleets (for example, Boeing and Bombardier), flight regions (Africa and Asia), and much more.
5. Weather views
Accurate weather prediction is priceless for airlines That is why many companies integrate data from TAF or METAR into their dashboards. Even though there are still some difficulties concerning the visualization of complex weather information, modern management tools successfully deal with them.
6. Airport views
If you have ever contacted an essay help, you remember how many tabs and windows there are in an order form. The same concerns airline management dashboards. And the last one we want to discuss is airport views. It includes accurate data about the fleet and its position at a particular airport in real-time. For maximum efficiency, it is a good idea to highlight problematic zones with different colors.
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Benefits of Management Dashboards
There are many reasons why analytics of big data may significantly improve the performance of enterprises. They include better reaction, effective decision making, and monitoring of all activities. Such a situation also takes place with airlines that want to reduce costs, boost revenues, and improve customers' satisfaction altogether. And in the paragraphs below, we'll discuss the main advantages of management dashboards.
Higher revenues
Data analysis gives companies a great opportunity to maximize their revenues. For example, by gathering information about online booking, airlines can offer individual prices and increase more purchases within a particular time.
Businesses should remember that different groups of customers evaluate products differently, so knowing how they treat the market and what they expect from the company, by gathering and analyzing data, it is possible to boost revenues.
Lower expenditures
Management dashboards and analytical instruments significantly contribute to reduced costs. The proof can also be found in aviation. For example, by tracking luggage in real-time, the cases of losing or damaging bags will be less common. Another example is collecting information about fuel consumption, which may result in lower operating costs. The same can be applied to creating optimized routes depending on the type of the plane, weather conditions, and much more.
Improved user satisfaction
Airlines constantly collect information and analyze data about customers and their preferences. This allows them to offer personalized packages, experiences, and prices. Thus, companies understand what travelers want and expect and can offer them the options they like. This, in turn, motivates people to spend more money. The speed of feedback and response in the case of an emergency is also important. Fortunately, it can be improved with the help of management dashboards and contribute to an orientation on the customer.
Smarter solutions
Thanks to data analysis, both passengers and airlines will be able to avoid numerous problems and unnecessary expenditures. For example, identification of baggage with the help of radio-tracking or reducing the time people spend in the airports when their flight is delayed. Actually, according to researchers, more than 35% of delays happen because of unplanned maintenance, and collecting data, as well as analyzing it correctly may be a great solution.
Modern systems allow technicians, managers, and other specialists to get timely reports and information about their fleet, airports, and other aspects no matter where they are. When companies know how everything works and receive regular notifications and alerts, it is much simpler to detect any imperfections and react on time. This, in turn, will lead to better operation of all airline divisions.
Wrap-up
There is no need to order a research paper to understand that this year has been the worst in modern aviation. Based on the obtained airline metrics and market analysis, it will take the industry many years to return to the pre-2020 period. However, there is one approach that may help to cope with all the hardships the pandemic has caused – analytics of the industry and usage of management dashboards.
Their three main benefits are customer orientation, reduced costs, and improved performance. And when achieving results in these directions, airlines will have a chance to get out of the crisis.