Arab News, Tue, Apr 02, 2024 | Ramadan 23, 1445
Riyadh Air and Artefact partner to build data analytics platform, develop AI solutions
Saudi Arabia:
Saudi Arabia’s Riyadh Air is set to build a data analytics platform and develop
artificial intelligence solutions, thanks to a strategic partnership with global
consultancy firm Artefact.
By implementing these new instruments, the airline
can achieve hyper-personalization and enhance its guest experience and service
using intelligent channels.
Furthermore, it can optimize flight and ground
operations through real-time data insights and predictions.
This collaboration aims to revolutionize the
Kingdom’s aviation industry through AI applications.
“This partnership with Artefact builds upon our
recent collaborations with leaders in the aviation industry. Through AI
integration, we aim to redefine travel standards, offering personalized,
seamless digital-first experience to our guests ahead of our maiden flight in
2025,” Abe Dev, vice president of Digital and Innovation at Riyadh Air, said.
Commenting on the partnership, CEO and Managing
Partner of Artefact Middle East and North Africa, Rahul Arya, said: “Our
partnership with Riyadh Air marks a significant milestone in our commitment to
pioneering AI solutions tailored to the unique needs of the aviation industry.”
He added: “By combining Riyadh Air’s
forward-thinking approach with Artefact’s expertise in data and AI solutions,
we’re poised to set new standards for innovation in the airline sector.”
Scheduled to embark on its inaugural flight in
2025, Riyadh Air is positioned to connect the Kingdom to over 100 destinations
worldwide.
This initiative supports the ambitions of both the
National Aviation Strategy and National Tourism Strategy, which aim to bring 330
million annual visitors to the Kingdom by 2030.
In February, Riyadh Air signed an agreement with
Texas-based Sabre Corp. to enhance the airline’s operational efficiency.
Under this deal, the software and technology
provider will help the carrier drive incremental revenue gains through
end-to-end network planning and optimization solutions.
The airline has chosen several of Sabre’s software
solutions, including schedule manager, slot manager, and profit manager, as well
as market intelligence, according to a press statement.
Sabre’s schedule manager will help Riyadh Air
organize the development process from planning to distribution, thereby
increasing revenue potential.
The slot manager is a suite that efficiently
handles an airline’s critical slot portfolio with improved asset utilization.
Similarly, the profit manager will help to
accurately forecast demand and profitability with an average increase of up to 2
percent in revenues.
It is expected to empower Riyadh Air to design
enhanced network plans and create an optimal hub structure.