Satair Group believes that digitalization is a key trend for the future of the integrated aerospace aftermarket. We are pursuing two areas that will provide better integration.
Big data is a term for a collection of data (to form data sets) that is so large and/or complex that traditional data processing application software is inadequate to deal with it. Major challenges include capture, storage, analysis, data integration and organization, sharing, transfer, querying and information privacy/online security, and more.
Data sets grow rapidly because of affordable new technologies that allow the capture of data. This includes smart products which have sensors and are connected throughout expansive and complex processes. This increasing ability to gather information from just about everywhere is referred to as the Internet of Things - or IoT.
The combination of data availability and new technologies allows for predictive analytics, user behavior analytics and other advanced data exploration methods which drive much higher value from the data. Organizations can find new correlations to spot business trends, increase decision making, automate processes and add velocity to our businesses. Sophisticated artificial intelligence algorithms based on great computer power enable machines to mimic cognitive functions. These advances allow computers to learn and problem solve.
Rapidly improving and expanding technologies such as cloud computing, mobile computing and social media foster the access to data and related intelligence at any place and any time around the world. Robotics and additive layer manufacturing are further technologies with great potential to create new ways of working and allowing new business models to grow.
Digitalization is considered as the fourth industrial revolution. Digital transformation not only impacts the way a business is established and managed, it also influences the daily life of human beings by enhancing the flexibility of work and communication across company boundaries.
Innovations such as sensors embedded into aircraft equipment, parts and systems have increased our ability to collect valuable data. This expanding data capture allows us to monitor performance and to oversee potential aircraft and sub-systems parts failures throughout the aircraft’s operational lifecycle. This data collection is based on fully connected digital devices and advanced analytics systems.
Satair Group wants to fully leverage digitalization with all its partners to drive a superior experience for customers and OEM business partners.
Supply chain data collection such as customer order placement coupled with data from technical and maintenance processes and information will help us to identify behavioral patterns – for example if some parts are always ordered late because the need for these pasts were not expected during a C check.
Satair Group believes that integrating this real-time operational information with the material services value chain and data related to aircraft operations, maintenance, supply chain, and engineering will result in increasing the business velocity. The velocity will come from automating a predictive approach for parts inventory planning, and distribution network execution. It will also increase the speed and reliability of decision making. Speed and support in complex situations are business critical factors. Identifying options for parts needed to keep the aircraft flying using intelligent integration of this data is one goal that Satair Group aims to accomplish with digitalization. Digitalization leads to a (digital) transformation of the current ways of developing and delivering products and services. This is a strategic objective of Satair Group.
We have begun to collect, integrate, share and analyze all data across Satair Group’s ecosystem. This increased and shared data traffic will generate deeper insights valuable for customers and suppliers allowing them to derive added value from digital efficiencies in the value chain. It enhances customer and supplier ability to provide additional digital-based services.
Real-time tracking and tracing of parts around the globe, predictive maintenance, and smarter inventory planning systems based on data analytics, will further link the material value chain with customer demand in an anticipating and predictive manner.
We are building an ecosystem of data where all users interact and provide accurate, relevant and integrated data feedback. It is a system that is more valuable than the original source. The amount of valuable digital information the integrator provides as structured feedback for improvements to the suppliers and customers is exponentially increasing - so a digital virtuous circle is created and new ways for market intimacy become possible.