March, 20206 The aviation industry has seen some tremendous growth over the last year, with exceptional technological advancements ushering the industry into the new age of automation. The technology has helped airlines to expand their top-line and bottom-line at a healthy pace, by overcoming the barriers posed by growing competition, rising fuel prices, changing regulatory norms, and rapidly evolving passenger expectations.The International Air Transport Association (IATA) forecasts the sector's net profit to rise to USD 38.4 Billion in the coming year with a continued streak of sustainable profits. As airlines pursue more extensive market share and adopt new technologies to reimagine their offerings and operations, some of the significant technological impacts on their business outcomes. Although the adoption of biometrics is still at a nascent stage in the industry, some airlines have already begun investing in fingerprint and facial recognition technology, where currently this technology is being tested in areas such as check-in, security, lounge access, and boarding. Long queues for the security check or at the baggage carousel continue to be the foremost pain point for passengers. Also, having to show their passports consistently, identity cards or boarding passes for verification adds to their frustrations. Airlines are increasingly experimenting with biometrics to address these issues and make the journey as frictionless as possible for passengers.Moreover, the airline industry is characterized by data sharing among multiple players across the entire value chain. At every touchpoint of the passengers' journeys, complex data reconciliations happen in the background. However, given airlines' siloed systems for storing data, this data exchange is rarely seamless. This is one area where blockchain -- often referred to as the 'Internet of Trust' -- can enable airlines to conduct smoother data sharing and eliminate multiple transaction costs. Often, in the event of flight delays, passengers get inaccurate status updates. Blockchain's inherent ability to provide a single source of truth can help airlines provide accurate flight updates in real-time across multiple channels during delays.This edition brings you some of the most prominent enterprises that have been instrumental in transforming the landscape of aviation technologies and have excelled with their service and will be significant drivers of the trends mentioned above to the mainstream.Let us know your thoughts!Annie JohnsonEditorialA Flight into the Future of Aviation Tech Annie JohnsonManaging Editoreditor@apacciooutlook.comTo subscribe to APACCIOOutlookVisit www.apacciooutlook.comArt & GraphicsAmelia StewartAlbert RozarioToby LangtonJie Ch'angManaging EditorAnnie JohnsonSenior WritersLane Adams Clara MathewRoyce D'SouzaEditorialAlfred MardinLouis BeckerRachael ClarkRoy ChowDai ShihDan StanleyCopyright © 2020 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.MARCH - 09 - 2020, Volume 06 - Issue - 04 (ISSN 2644-2876)Published by ValleyMedia Inc.*"Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff"Emailsales@apacciooutlook.comeditor@apacciooutlook.commarketing@apacciooutlook.comSalesJames Williamjames.william@apacciooutlook.com
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