Aeonos, in which IGE holds a majority stake, was inaugurated here on Tuesday in the presence of Gurnani and Bhatia.
Deepak Patel New Delhi
Industries such as aviation and hospitality have many silos, and Aionos, a joint venture between InterGlobe Enterprises (IGE) and Asago Group, uses artificial intelligence (AI) solutions to bridge those industries and drive efficiencies. Rahul Bhatia told Business Standard. Tuesday.
Mr. Bhatia, Group Managing Director of IGE, is a major shareholder in IndiGo, India's largest airline.
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In addition, IGE operates 21 hotels under the Ibis brand and a logistics company called Movin.
Mr. CP Gurnani is the former Chief Executive Officer and Managing Director of Tech Mahindra and Chairman of Assago Group.
Bhatia told the newspaper that airport operators and service providers such as ground handling companies and cargo centers that work with airport operators have access to each other's data and have ways to increase efficiency.
Aionos, in which IGE holds a majority stake, was incorporated here on Tuesday in the presence of Gurnani and Bhatia.
IndiGo currently has a fleet of 350 aircraft. It boasts an approximately 60% share of the country's domestic airline passenger market. We talked about how AI-based predictive analytics can help with aircraft maintenance.
“So if you have that understanding and you have enough information about that plane, or the hundreds of planes that you fly, you should be able to predict that at some point you're going to need to replace this part.” It is important to be proactive and proactive, which will improve efficiency,” said Bhatia.
He said he understood the issues “plaguing” the aviation and hospitality industries from a customer and systems perspective. He said “a lot of dialogue” was taking place with stakeholders in these areas. “We are working with airports. Airports can share their issues,” he said.
Regarding AI in the hotel industry, he says: “It’s clear that any industry that is plagued by legacy systems has an opportunity for optimization. We talk about airlines having legacy systems, but hospitality is even more outdated. We're a few steps behind the industry. If you dig deeper, you'll see an opportunity. I think what the Aionos of the world brings is the agility to bring solutions to market.”
Aionos is headquartered in Singapore, but also has offices in the UK, Europe, North America and India. Gurnani and Bhatia did not disclose the amount they plan to invest in Aeonos in FY25.
Gurnani said travel, transportation, logistics and hospitality are booming in Asia, not only because of economic growth but also because of population growth. “Our focus will therefore be on Asia,” he added.
