The travel industry, and most especially airlines, are looking for ways to maintain some level of business during this global pandemic. So this interesting news from PR Newswire caught our attention in their article, “Global Airlines Leverage AI, Machine Learning and Blockchain to Save Costs and Generate New Revenues, Says Frost & Sullivan.”
A recent study finds that the increasing expectations of passengers are compelling airlines to embrace technology that could fundamentally change traditional airline information technology strategies. Impacted by the COVID-19 pandemic, the airline IT market is estimated to generate a revenue of $20.74 billion by 2025, compared to $21.20 billion in 2019. The original forecast, by 2025, the market was estimated to reach $25.1 billion from $21.20 billion in 2019.
There are many areas of technology that can be proven beneficial to airlines. The obvious one is real-time data analytics. With airlines embracing the capabilities of next-gen technologies such as artificial intelligence (AI) and machine learning, solution providers are encouraged to embrace these technologies.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.