AIRLAB is an engagement platform where airlines, industry experts and students can discuss and share data science-related knowledge. The site is the by-product of the Farelogix and Florida International University Airline’s Data Analytics Program which is dedicated to the study and implementation of advanced predictive analytics for the airline industry, using machine learning and artificial intelligence (AI). We are developing world-class research, curating best practices and standards, and preparing data science graduates for work in the airline industry. Our students utilize public data sets to develop novel data models for optimizing airline revenue management challenges.
“Incorporating AI, machine learning, and predictive analytics into airline revenue management and offer creation is the new frontier in air commerce,” said Jim Davidson, CEO of Farelogix. Students working in the DSAI program use machine learning and AI to explore how the vast amounts of data being generated in the airline industry can be used to understand trends, predict behaviors, and take autonomous action. According to the FAA, the airline industry represents a $1.6 trillion domestic market that supports approximately 10.6 million jobs and has a 5.1% impact on national GDP.
“Airlines represent an untapped market for data science, and few university programs focus on the big data challenges and opportunities of this industry,” said S.S. Iyengar, Ryder professor of computer science and director of the School of Computing and Information Sciences within the College of Engineering & Computing at Florida International University. “By partnering with Farelogix, we are preparing our data science graduates to be at the forefront of further innovation in the airline industry. This program also supports our undergraduate and graduate research initiatives and will provide new job opportunities for skilled students.”
About FIU
Florida International University is classified by Carnegie as an “R1: Doctoral Universities – Highest Research Activity” and recognized as a Carnegie Community Engaged University. It is a public research university with colleges and schools that offer bachelor’s, master’s and doctoral programs in fields such as business, engineering, computer science, international relations, architecture, law, and medicine. As one of South Florida’s anchor institutions, FIU contributes almost $9 billion each year to the local economy. FIU is Worlds Ahead in finding solutions to the most challenging problems of our time. FIU emphasizes research as a major component of its mission with multiple state-of-the-art research facilities including the Wall of Wind Research and Testing Facility, FIU’s Medina Aquarius Program and the Advanced Materials Engineering Research Institute. FIU has awarded more than 220,000 degrees and enrolls more than 54,000 students in two campuses and centers including FIU Downtown on Brickell, FIU@I-75, the Miami Beach Urban Studios, and Tianjin, China. For more information about FIU, visit http://www.fiu.edu/.
About Farelogix
Farelogix is a recognized leader and innovator in the travel industry. Its groundbreaking technology platform is modernizing the airline commerce and distribution landscape and is used by several of the world’s leading airlines. The company’s flagship Airline Commerce Gateway is a technology platform comprised of fully integrated and optimized components for airline-controlled distribution, shopping, pricing, merchandising, and retailing across channels. Recognized for its pioneering role in creating the distribution innovation known today as NDC, Farelogix now provides NDC (Level 3 certified) distribution for more than 20 airlines with connectivity to 10 major PSS systems. The company’s “Offer and Delivery Engines” (shopping/pricing, merchandising, availability calculation, schedule building, and NDC API) enable airlines to create, control, and deliver their offers independent of their PSS or GDS. These engines also represent the industry’s only shopping and a merchandising suite designed for extremely high volume searching with infinite scalability in alignment with the NDC vision. Farelogix is headquartered in Miami, Florida, with offices in Toronto, Canada; and Dubai, United Arab Emirates. For additional information, visit www.farelogix.com.
