GE Aviation and data and analytics company Teradata have created a strategic partnership to provide analytics-driven business insights and services for the world's airlines.
Through the partnership, GE and Teradata will jointly provide products and services to specified commercial aviation markets. The two companies' strategic relationship will include joint marketing, sales, services and support across both companies to form complete market-ready solutions.
“Teradata and GE Aviation are working together to help customers use analytics to solve complex issues with quick, comprehensive insights that are critical for business decisions,” says Oliver Ratzesberger, executive vice president and chief product officer at Teradata.
The partnership intends to combine operations, assets and networks from GE Aviation with Teradata's customer information, sales, marketing and back-office support to make their data-analytics products and services easier to deploy, scale and use.
For example, GE Aviation can actively manage an airline's flight-disruptions and Teradata can manage the carrier's associated customer-experience activities at the same time, they say.
The two companies state that, by combining the respective solutions they offer, they will enhance their ability to manage flight disruptions for any given customer airline by adding information about managing parts inventories, logistics, scheduling and labor pools.
Other powerful business outcomes resulting from the combined solutions will range from improving flight operations and predictive maintenance to increased operational efficiencies and higher customer satisfaction, according to the partners.
“For data and analytics, it became clear that Teradata excels at the size and scale required by a global airline,” says Andrew Coleman, chief commercial officer for GE Aviation's Digital Solutions business.
“By integrating our expertise in asset performance management and operations optimization with Teradata's ability to drive customer insights using massive amounts of data and multi-genre analytics, the aviation market will gain an analytic solution that delivers comprehensive insights,” adds Coleman.
GE Aviation's Digital Solutions business brings industrial apps powered by GE's industrial-Internet platform Predix to the partnership.
Predix connects and analyzes a continuous stream of health and performance data collected from engines, aircraft and airline operations to deliver real-time actionable intelligence and insights for use in airlines' operational and MRO activities.
Combining Predix-derived analytics with Teradata software will create the most flexible, scalable and powerful business-outcomes solution in the airline market, the two companies claim.
They add that such capabilities will be required in the global airline industry, which is dealing with a growing volume of data that could reach many exabytes in a single year.
Both the GE Aviation and the Teradata technologies are designed and ready to work in a hybrid cloud environment, while offering built-in support at customers' premises as well as for airline IT functions hosted by major public cloud vendors.
Because both partners already have already considerable presences and customer bases in the airline industry, they expect results from their joint service offering to provide immediate impacts for their airline customers.