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Industry Struggling on How to Incorporate Data into Aging Infrastructure
The latest aircraft designs now entering fleets are equipped with technologies that can deliver unprecedented collection and transmission of data at the system and part level according to Oliver Wyman’s annual MRO (maintenance, repair, and overhaul) Survey. The global fleet could generate upwards of 98 million terabytes of data annually by 2026 according to forecast estimates creating new opportunities for more prognostic maintenance.
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(Graphic: Business Wire)
The survey, which was released at Aviation Week’s MRO Americas Conference, examines a variety of technology and innovation themes, including how operators, MROs, and OEMs (original equipment manufacturers) are adopting, utilizing, and investing in big data capabilities – particularly relating to aircraft health monitoring (AHM) and predictive maintenance (PM) systems.
“Many carriers are enjoying improved margins and also ramping up investments in new aircraft despite current low fuel costs and impact on new aircraft economics,” said Tim Hoyland, Oliver Wyman partner and report co-author. “These new next-gen aircraft provide a robust data stream which will enable operators and providers to better forecast, plan, and deploy aircraft assets. However, the industry faces a real disconnect on how to integrate this data into aging IT infrastructure at many airlines. Until this is resolved, the real power of this data cannot be leveraged.”
Key survey highlights include:
Although adoption of AHM and PM is growing, sophistication at the user level remains spotty and/or targeted at point solutions:
In terms of the aftermarket segments, the authors expect:
“The obvious challenge for carriers is a focused execution which produces tangible and demonstrable improvements in cost and reliability. For OEMs accelerating adoption and profitably monetizing investments in predictive maintenance will be a significant challenge,” says Chris Spafford, Oliver Wyman partner and report co-author.
To download the entire report, please click here.
About the MRO Survey
Going on its second decade, the annual MRO survey produced by Oliver Wyman is an industry standard for information about changing trends in the MRO sector. The survey queries leaders across the MRO industry, including top executives from airline operations, procurement and engineering departments, captive and independent maintenance providers, OEM aftermarket divisions, and financing and leasing professionals. Our respondents are overwhelmingly in C-suite and senior executive positions and represent a global cross section of the industry.
The MRO Survey findings also include forecast data from our 2016-2025 Fleet and MRO Market Forecast (see www.PlaneStats.com/betterinsight for more information about the forecast data).
About Oliver Wyman
Oliver Wyman is a global leader in management consulting. With offices in 50+ cities across 26 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm's 3,700 professionals help clients optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE:MMC]. For more information, visit www.oliverwyman.com. Follow Oliver Wyman on Twitter @OliverWyman.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006597/en/
Oliver WymanFrancine Minadeo, 212-345-6417francine.minadeo@oliverwyman.com
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