Please have a short video explaining GE, Alaska Airlines and Kaggle business case.
A brief summary of what you can find in the video:
- A short introduction of Alaska Airlines and Kaggle;
- How it works and what Kaggle is.
- What challenges have GE and Alaska Airlines set themselves?
- How Kaggle helped them.
GE (large company) + Alaska Airlines (large company) + Kaggle (startup). What do these companies have in common and how they approach digital transformation. All these companies have made a joint effort to improve the airline’s profitability and customer service quality.
Challenge / problem:
➡️ Increase flight efficiencies in real time;
➡️ Reduce delays and maximise a flight’s profitability;
➡️ Determine the most efficient flight routes, speeds and altitudes at any moment taking into account variables such as weather, wind, and airspace restraints.
➡️ Flight arrival estimates nearly 40 % better than current ones;
➡️ Each minute in reduction per flight could save $1.2 million in annual crew costs and $5 million in annual fuel savings for a midsized airline;