Tough Problems, Really?
At FlyNava we are building software to solve Airline Industry’s tough problems. Okay! you must be thinking Airline Industry being the front runner in technology with sophisticated systems for almost all the processes starting from reservation systems to help customers book tickets, revenue management systems (or yield management systems) with best in class features to dynamically adjust prices with booking velocity to ensure revenue maximization for an airline. Come to back end operations industry works with best in class solutions for crew and flight management to ensure thousands of flights are operating daily like a clock work.
So, are there really any tough unsolved problems which require new products? what is our approach to solve them? Read our CEO’s blog to get some clue on this.
In Search of your Best Deal
As Mahesh has highlighted in above blog that our first product, Jupiter is in the area of airline pricing. Now, one need not go very far to understand the complexity and enormity of pricing function in Airline; just think about the day when you try to book a ticket and are thrown with hundreds of results for one Origin and Destination Pair (nick named as OD in industry), now if you are the one looking for best deal, I am sure you will repeat this process on multiple Online travel agent sites, airline site, call your travel agent and easily spend couple of hours ( read – daily couple of hours daily for next few days !!) to find your “Best Deal”
Poor Rambo has to give you best deal and yet meet airlines financial goals
…Now come on the other side and imagine humble pricing analyst (let’s call him Rambo for now) who has to come up with these prices … not for ONE, but HUNDREDS and of ODs (we are not even talking about other parameters like POS, season, currency, events, competitor, revenue targets, profitability, sales requests etc. which Rambo has to worry about). I hope you got the drift, Rambo is playing with thousands and hundreds of data points every day to arrive at a price point for a seat (to ensure that bargain hunters gets their “Best Deal” and make up for it on other seats to optimize airlines revenue and profit goals). Still can’t feel Rambo’s pain, add to it the fact that he is doing this manually or at best with self – made excel sheets; browsing his way through heaps of data spread across multiple systems to arrive at one pricing decision and moving on the next one in long queue of Hundred plus triggers waiting for his attention. Believe me he is always flexing and racing against time. He has no time to sit back and reflect on his performance, be more productive that is luxury !!
Rambo’s trip to Jupiter
Do you agree now airline pricing is complex! And deserves a fresh approach a unique solution to help Rambo do his work faster better and more effectively so that he can focus on pricing strategy to give more Best Deals to traveler! This is exactly what Jupiter will do. Future of pricing is not complex, at least not at Jupiter!
Stay tuned to read about Rambo’s exciting trip to Jupiter
Today as we start our journey at FlyNava, I cannot help but visualize similar expedition that started from my couch to run 42.2k (and counting). This is a similar start, have already left the comfortable couch (read job) and started running towards far away finish line and my monkey mind is posing familiar questions – Are you really ready? Will you be able to finish? Will you enjoy the run? Do you have right support system in place? And so on … However, my experience of training and finishing marathon gives me a good framework to answer some of these questions and feel confident about running the FlyNava run, let’s have a look at some of these:
Choose your run – Be clear from day 1 that you are in it for long term – Seth Godin is spot-on:
It’s going to be the long run a lot longer than the short run will last. Act accordingly.
@FlyNava we are committed to build products that promises to change the paradigms of aviation industry. We are clear this cannot happen overnight and we all are ready for the ultra-run.
Group it right – You can train and run alone, however there is no replacement for a group of experienced (to tell you the right approach that works) and amateur runners (to challenge what works and help you push boundaries).
@FlyNava we have consciously created a team that consists of intellect of industry experts and energy of fresh graduates to challenge our creativity and constantly remind us about our infinite capability.
Have fun – You cannot run till you are having fun and enjoying the process of running.
Solving tough problems, working with cutting edge technology, chasing tight deadlines; @FlyNava we are doing all this along with play station, movies, parties, gym, snacks and coffee to ensure our journey is full of fun and memorable moments!
Not a quick fix – Creating anything sustainable requires a plan, patience, practice, dedication, discipline and last but not the least, right infrastructure. It is never a quick fix solution!
@FlyNava we have set up best of infrastructure, chosen top notch technology tools and have created a common plan to run towards. Now, team is ready to follow the regime and confidently chase the finish line.
Finally, as George Sheehan beautifully explains – Why do we run? Once started there is virtually no stopping to ensure future is at least as good as past:
I run so I do not lose the me I was yesterday and the me I might become tomorrow.
We @FlyNava we have all the ingredients in place for running a strong marathon! Stay tuned on our blog for the live updates of our exciting journey!
Google is using radar to build Minority Report-style speakers, home controls, and smartwatches — Quartz
Today, we tap and swipe to interact with our devices. But Google envisions a Minority Report-like future where people can control their phones, watches, and homes without touching them. On the final day (May 20) of its I/O developer conference, Google showed off improvements to Soli, a radar-based technology that makes it possible to interact…
No wonder most of the products around are made in China …Watch this video to see how Chinese are rehearsing English …However it is interesting thought when Jay Walker says in his TED speech –
“…English is the world’s second language.Your native language is your life. But with English you can become part of a wider conversation. A global conversation about global problems. Like climate change or poverty. Or hunger or disease.The world has other universal languages.Mathematics is the language of science. Music is the language of emotions. And now English is becoming the language of problem solving…”
Sid was out of action from virtual world …He stepped into Life Part II … Link
Above presentation is a good case study on the Power of social media … Gone are the days when you can do “whatever” in real world and escape. Watch out! there’s a conversation happening in the virtual world which is so very well connected and word spreads faster than you can think of … What are people talking about your brand?
Stumbled on this presentation via Laurel’s Blogpost on Reputation Annihilation in Social Media
Love the neat Visual stories at VizEdu :)