Tag: Technology

You Don’t Know What You Don’t Know And That Can Hurt You

FareTrack
FareTrack Blog

The changing world of airline pricing and revenue management is presenting new data challenges to operators. Relying on traditional data sources could mean you are missing out on critical data to inform better decision-making. The highest selling statistics book in the second half of the 20th century was a book called ‘How To Lie with Statistics’ by Darrel Huff. One of the stories within the book was from World War II. In it, the Statistical Research Group of Columbia University had been tasked with analyzing damage patterns on fighter aircraft…

Product overview: FareTrack’s Revenue Management Business Intelligence Dashboards

FareTrack
FareTrack Blogs

Okay, we might be a little biased, but we think our revenue management business intelligence dashboards are pretty special. Not only are they powered by the most accurate, AI-driven data, they also feature market-leading visualization capabilities, plus all your data shops are easily managed through your Shop Manager. Let’s take a quick look at some of the key features of our library of Dashboards, and discover why more and more airline revenue managers are choosing FareTrack to help them boost their profitable decision-making. Fully Customizable Dashboards FareTrack’s dashboards are not…

Data Shopping – An Essential Tool for Airline Revenue Management, Distribution, and Network Operations

FareTrack
Data Shopping

When it comes to data, we believe flexibility is key; in fact, it’s a driving force behind pretty much everything FareTrack does. We offer flexible analysis; our Business Intelligence dashboards can be infinitely extended and customized with your own data. We offer flexible pricing, with no setup fee, that scales with your requirements, and now we offer flexible data management through our Shop Manager. Our Shop Manager is built around the concept of Data Shopping, i.e., the ability for air travel professionals to completely manage the build, scheduling, delivery, and…

Meet us at Aviation Festival Americas 2024

FareTrack
Meet us at Aviation Festival Americas 2024

We are proud to announce that FareTrack will be exhibiting in the upcoming Aviation Festival Americas, on May 15-16 at the Miami Beach Convention Center. As one of the significant trade shows in the aviation industry, the festival provides a great platform for industry leaders, innovators, and enthusiasts to come together and explore the latest trends and advancements shaping the future of aviation. At FareTrack, we are dedicated to revolutionizing the way airlines access and utilize fare data. Our mission is to empower businesses with actionable insights and intelligent solutions…

Insights from the World Aviation Festival 2023: Trends Shaping the Future of the Airline Industry

FareTrack
Aviation Festival

The World Aviation Festival brought together aviation industry leaders, innovators, and experts from around the globe. Our company, Faretrack, had the privilege of participating and connecting with numerous interesting people, prospects, customers, and even competitors. Among the wealth of information and discussions, three key trends emerged that are set to transform the air travel industry. Trend 1: Measuring Customer Willingness to Pay for Ancillary Products In the dynamic world of airline revenue management, understanding customer preferences and willingness to pay for various products has become a pivotal focus. Ancillary revenues, which encompass…

When it comes to data visualization flexibility isn’t just a “nice to have”, it’s essential

FareTrack
Tableau

Data visualization flexibility is not just a luxury; it is a necessity, especially in the ever-evolving airline industry. With the introduction of NDC, increasing use of AI and Machine Learning, and other fundamental changes, the way airlines use and visualize data must undergo a transformation as well. While standardized graphs and reports have been the norm for many airlines when comparing fares against competitors, they fall short in capturing the complete story, particularly in dynamic market conditions. Consider this scenario: your current data supplier provides competitor pricing information for a…

FareTrack Revolutionizes Airline Data Intelligence with Optimize: A Groundbreaking Approach to Competitor Behavior Analysis

FareTrack
Product Lunch

FareTrack, the leading data intelligence provider for modern airlines, has unveiled its latest innovation: Optimize, a cutting-edge behavioral analysis tool. This ground-breaking solution is set to transform airline fare strategies by providing in-depth insights into airline competitors’ pricing behavior. Unlike any tool currently available in the market, Optimize leverages its advanced technology to analyze millions of data points, empowering airline revenue and pricing teams with unprecedented visibility into their competitors’ pricing behavior. By tracking and monitoring competitor pricing behavior, Optimize equips airlines with the ability to anticipate the probability of…

TARMAC and FareTrack Partner to Provide Enhanced Competitive Airfare Data Solutions for the Latin American Airline Industry

FareTrack
FareTrack, the Aggregate Intelligence owned data solution

FareTrack, the Aggregate Intelligence owned data solution provider for the airline industry, and TARMAC, the leading provider of revenue management and pricing advisory services for the Latin American Airline industry, is excited to announce its partnership. In a highly competitive and volatile aviation industry, access to accurate information is critical for airlines to optimize inventory and make revenue-impact decisions. Having multiple options for competitive fare data is essential for airlines to make informed decisions in such an environment. This partnership between FareTrack and TARMAC, will expand its portfolio of competitive…

Why is business intelligence critical for the airline industry?

FareTrack
Business intelligence

Airlines are exposed to more competitive data points than ever before. The plus side of this is that with more competitor intelligence available, they can identify more opportunities for revenue growth. However, the amount of data available presents a significant problem. How do you derive value from vast amounts of unstructured data? Let’s take a look at a few ways business intelligence and visualization helps airline revenue managers secure a competitive advantage. Actionable Insights Many pricing decisions are made either on inaccurate data or assumptions. These are poor foundations for…