LONDON, Feb. 13, 2018 /PRNewswire/ -- Technology
Disruption Renders Contemporary Solutions Obsolete and Spurs
Transformation across Airport Processes
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A number of factors symbolize the struggle airports face in
their journey to host the roughly 7 billion passengers that depart
from and arrive at an airport every year. Capacity constraints,
growing passenger footfalls, stagnant aeronautical revenues and
competition necessitate a transformation in business models,
operational processes and organizational activities by leveraging
emerging digital technologies and transitioning from a flight
operations-based business model to a passenger-centric one.
Presently, global airports have acknowledged the importance of
digitalization, although there are many barriers to implementation.
Resistance to change is due to the disruption in current
operations, cost of implementing digital technologies and the
uncertainty over ROI.
Additionally, many operators do not have clarity over the solution
that best matches their need and are not presented with convincing
business case values and metrics that showcase the transformational
advantages of adopting digital technology.
Frost & Sullivan undertook a global survey of airports in order
to assess the current status of digital transformation programs
within airports, challenges to implementation, customer
requirements and future development plans. The research findings
have been complemented with information from internally held
airport databases, participation and discussions at international
airport conferences as well as a number of interviews with major
industry suppliers.
This research service defines the relevance of digital
transformation in the context of the airport, showcases the
underlying framework to build an effective business case, describes
the technology strategy that should be employed in the course of
implementing digital initiatives at the airport and provides an
overview of digital goals the airport can aim for as it transforms
various processes.
The research is segmented to give the reader clarity in
understanding the features that will embody the 'Airport of the
Future', building blocks that address the utilization of data, the
current status of airports in adopting technology and their
position in digitalization relative to the ultimate 'Smart'
Airport.
A segment is devoted to understanding airport IT budgets and IT
spending forecasts over the next 7 years. The final segment of the
research service provides detailed insights into the supplier
ecosystem, major digital technology suppliers, and disruptive
services and suppliers that are likely to lead to strategic
mergers, acquisitions and partnerships in the industry.
Monetization of generated data, expansion of product portfolio by
tapping into undersupplied solutions like management of operations
during disruptive events, and diversification into adjacent airport
segments provide suppliers with good growth opportunities. While
investing in new technology and data management solutions,
suppliers have to understand the importance of system
interoperability, data integration, standardization and
collaboration among various airport stakeholders.
Key Issues Addressed
• What is Airport Digital Transformation and how does it help my
airport?
• What kind of strategies h should be employed to facilitate
digital transformation?
• What are the objectives, advantages and driving factors that
promote airport digital transformation?
• What are the challenges and barriers to airport digital
transformation?
• What are the main features that will drive the airport of the
future?
• What are the technology building blocks that mold a transformed
airport?
• How does data drive airports towards digital transformation?
• How effectively are airports using data? What is the current
stage of digital transformation at airports?
• What is the current status of airport technology adoption?
• What processes at the airport are going digital? What is the
impact of digital transformation on these processes?
• What are the Key Performance Indicators (KPIs) that are tracked
towards the transformational journey?
• What are the objectives, advantages and driving factors that
promote airport digital transformation?
• How are airport IT budgets positioned with the emergence of
digital strategies and initiatives?
• How much does the airport industry look to invest in digital
technology by 2023? 15. What are the top criteria that impact
digital transformation business case?
• What are the criteria that impact selection of a supplier in the
procurement process?
• Who are the major suppliers in the industry for each airport
segment? Which companies are providing the disruptive
technology?
• What are the major mergers and acquisitions seen in the
industry?
• What are the major growth opportunities for suppliers in the
industry?
• What are the strategic imperatives suppliers have to adopt for
success?
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