As the travel industry is forecast to come roaring back in 2022, the ability of airlines to migrate to cloud-based data solutions will determine who comes out on top in this notoriously competitive industry. Here are five ways that cloud data is already revolutionizing the travel industry.
After decreasing by more than $400 million in 2019, the global aviation industry is forecast for an explosive 2022. Which airlines will gain market share will depend to a large extent on which airlines can successfully migrate their data to the cloud to allow for a host of applications, including improved efficiency, greater reliability, and an improved customer experience. The corporations who are successful at integrating will be better positioned to adapt to future crises, whether they be health-related, natural disasters, or international conflicts.
Here are five ways that cloud data can help airlines and the travel industry:
1) Moving data to the cloud can improve airports’ efficiency and safety
- Cloud computing gives airlines the chance to offer customers off-site check-in. This translates to shorter waiting times, less crowded airports, and an overall more flawless flying experience.
- Airlines, airports, and government agencies are expected to work together in unison to share data on outgoing and incoming travelers. Moving data to the cloud is the most effective way to ensure that data is both reliable and quickly delivered to the necessary second parties.
2) Cloud computing helps airlines maximize revenues
- Companies like Jetblue, who have already migrated to the cloud, have found that proper data storage and availability are the main factors in keeping ticket fares competitive and thus increasing revenue.
- Cloud data offers carriers the oversight they need to guarantee that they are doing everything they can to cut costs.
3) Scalability is essential to guaranteeing lasting positive effects of cloud migration
- The greatest value to corporations who successfully migrate is perhaps their ability to scale their model to ensure that every aspect of their business, from how they purchase their fuel to what happens when a customer’s luggage is lost, can be supported by the cloud.
- Embracing cloud data is the first step in a corporation adopting a modern ‘DevOps culture’ to their entire system of operations.
4) Cloud data systems protect companies from their next crisis
- The ability to predict, in real time, the effects that natural disasters or wars will have on reservations allows airlines to properly set ticket prices and appropriate funds, equipment, and manpower.
- Having data stored and managed by a service provider means a lower risk of cyberattacks and fraud.
5) Cloud computing allows airlines to purchase and use fuel more efficiently
- According to the U.S. Energy Information Center, U.S. jet fuel hit an average price of $2.86 per gallon at the end of February, up from $2.16 at the end of 2021.
- As the war in Ukraine rages on, airlines are searching for ways to properly forecast future fuel expenditures and plan accordingly.
- Intelligent route planning allows airlines to cut fuel costs and to reduce CO2 emissions.
As the results of the pandemic are beginning to crystallize, the travel industry is ripe with opportunities to employ cloud-based data solutions and usher in a new age of big data management in aviation.