What is Decision Analytics?
Decision Analytics is a service developed by AirInsight Group that leverages existing datasets and proprietary databases to create meaningful data visualization for our clients. It is often complex to generate insightful and actionable information from massive datasets. Our approach to combining data from multiple sources and presenting it in a distinctive dashboard format that focuses on critical issues provides actionable data to our clients to more confidently support their decisions through comprehensive analytics.
AirInsight Group developed the core behind our Decision Analytics services as part of our internal requirements. It quickly became apparent that our clients could also benefit from these tools. Leveraging our industry expertise and experience, AirInsight Group’s analysts add value by defining data metrics and measures that provide insights to support decision-making and evaluate alternatives. Examining these decision metrics allows clients to support decisions without inference rather than a CATIII decision process.
Commercial aviation is a complex industry that is becoming increasingly data-driven. Today’s aircraft and engines now have myriad sensors to provide predictive inferences. The industry is awash in the fog of data. Making sense of this data and deriving actionable information requires deploying tools that distill and highlight what is essential, separating the wheat from the chaff.
AirInsight Group’s analysts have the expertise to customize analytical models for our clients based on their specific requirements and needs, whether evaluating the competitiveness of specific aircraft models or projecting future market dynamics utilizing forecasting models. We have developed an initial inventory of 25 models built from 10 datasets that form the core of our initial offering, with additional models being developed each month.
We currently offer several models built from 10 updated datasets as new data becomes available. Databases that underlie our analytic activities include:
- Air Carrier Financial Reports (Form 41 Financial Data)
- Air Carrier Statistics (Form 41 Traffic) – U.S. Carriers
- Air Carrier Statistics (Form 41 Traffic) – All Carriers
- Air Carrier Summary Data (Form 41 and 298C Summary Data)
- Airline On-Time Performance Data
- Airline Origin and Destination Survey (DB1B)
- Monthly transactions
- Airbus and Boeing Orders & Deliveries
- Monthly traffic data for India; Annual traffic data for Singapore and Australia
AirInsight Group serves clients around the globe. Consequently, we deliver our data models via two primary methods.
We create a dedicated page on our site that our clients access when and as needed. AirInsight controls user access to the portal to ensure that those with the proper credentials can access the datasets. This option works well for clients who need only a few people to access the models.
A client may also have requirements for distributing our data across multiple sites or groups within the enterprise. To that extent, Airinsight can provide you with the model codes published within the client’s intranet. A power BI application will be necessary to display the visuals correctly.
Model Updates – As we update the models with fresh data or new metrics, these models are saved and re-published. Client models are then automatically updated and made available for download on your intranet.