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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Airline Consolidators Overview: Their Role, Advantages, and Key Players

Altexsoft

Flight consolidators are brokers that book airline seats in bulk at discount rates and then resell them to travel agencies. Airline consolidator business model: how it works. Most of the large consolidators appeared in the 1970-1980s when airlines had more seats than they could ever sell via travel retailers.

Airlines 113
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Sustainable Travel: Opportunities Digital Technology Provides for a Greener Business

Altexsoft

Greenhouse gases (tourism is responsible for around 8 percent of global carbon emissions, three-quarters of which is due to aviation), local resource overuse (e.g., Social sustainability considers the impact travel has on the well-being and development of local communities. Sustainability in airline industry.

Travel 95
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10 Digital Transformation Examples from 10 Industries

Modus Create

Audi’s internal innovation center, Audi Business Innovation (ABI), used Unreal Engine to develop a revolutionary new tool: Automotive Visualization Platform (AVP ), which develops photorealistic 2D and 3D imagery with customizable camera angles and environments. This was a manual, time-consuming process. Sephora used Aha!

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De-risk equipment management

Capgemini

EaaS is a system by which OEMs or service providers assume maintenance and management responsibility for large equipment, freeing companies to concentrate on business priorities and not spare parts and service schedules. The airline industry was the first to roll this out. EaaS is a go-to solution for both sides.

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IATA Explained: The Role of International Air Transport Association in the Aviation Industry

Altexsoft

IATA or the International Air Transport Association is a global trade association of airlines (both freight and passenger carriers) that regulates the aviation industry by developing standards, procedures, and practices. As of today, its members are 290 airlines in 120 countries comprising around 82 percent of total air traffic.

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The biggest moonshots in YC’s S22 batch

TechCrunch

Numi’s products are still in development, but the company is already boasting about a moonshot-sized goal — to capture 30% of the seafood market in 10 years. Enter Integrated Reasoning , a startup that claims to be developing hardware for solving these sorts of problems in the cloud. hospital systems. – Kyle Wiggers.