Register to view this On-Demand Webinar (recorded 12th May 2022) to see the latest developments in Digital Twin technology for aviation with a demo of Digital FinTwin® (Financial Twin), the new Data Science as a Service (DSaaS) solution from KeepFlying® for modelling aircraft and engine maintenance costs and Remaining Useful Life (RUL). You will also learn about NextGen aviation data management using AI and ATA Specifications to ‘wrangle’ data from different sources and in different formats for full integration and integrity, to facilitate advanced data analytics and exchange of data within the Aviation ecosystem such as Lease transitions, or Check Returns etc. As you will see, Digital FinTwin® uses advanced data management to interface with integrated data from the MRO / M&E System, as well as other digital sources of maintenance, airworthiness and operational data. AI/ML techniques are then applied to the Data providing airlines, lessors and MRO facilities with the tools needed to generate aircraft, engine or component (Asset) specific ‘what-if’ simulations for specific future maintenance costs and remaining useful life scenarios.
Given the array of formats and inconsistencies with which data is maintained across Aircraft, Engines and Components, the Webinar will begin with the focus on how Explainable AI can be used to ’wrangle’ data for achieving integrity. As you will see the underlying KeepFlying® platform is configured to
’wrangle’ data based on the type of Asset being managed – A320 family, B737 family, CFM56 family, V2500 family, etc. Next you will see how the ’wrangled’ data can be interspersed with the ATA Specifications (especially around ATA Spec2500, Spec2400 and Spec2000 Chapter 16 – ARCs, Chapter 17 – eTech Log and Chapter 18 – Electronic Work Package) to facilitate validated, wrangled consumption and exchange of data within the Aviation ecosystem during Lease transitions, Check Returns etc.
KeepFlying® experts will then demo two FinTwin®solutions. Firstly, you will see the MRO Edition, which allows MRO Facilities to model different hangar and shop visit scenarios, such as different work scopes and non-routines, ahead of the arrival of the aircraft, engine or components, in order to plan ahead and maximise profitability and reduce turnaround time. Secondly, you will see the FinTwin® Aircraft or Engine Owner / Lessor Edition which generates scenarios used to maximize the revenue potential and mitigate potential risks of an Asset over its remaining Useful Life (RUL). For example, what will happen if maintenance checks are reduced, or the aircraft is flown at a higher thrust rating, or in a more corrosive environment? How will that effect RUL, as well as impact key factors such as LLPs, maintenance reserves, etc.
The webinar is split into four key sections:
- Overview of KeepFlying® FinTwin®, the concept of Data Wrangling using Explainable AI and how it helps maintain Data Integrity
In the era of Digital Twins, you will initially be shown why it is important to build a Digital FinTwin® for Aircraft, Engine and Component Assets, and MRO hangar and shop visits. You will also see how advanced Machine Learning techniques can automate the process of enhancing the integrity of underlying data that are stored and managed across different formats – within MIS systems, MS Excel, scanned PDFs, .csv and other formats. You will learn why is it important to build these models specific to each asset type and how Explainable AI plays a role in ’wrangling’ your data consistently.
- Demo 1: Data Wrangling driven ATA Specifications for Data Exchange
In this section, you will see how the ’wrangled’ data is used as a basis to exchange information using ATA Specifications between Lessors, Operators, MROs, Supply Chain vendors. Key features you will see include:
- ATA Spec2500 User Interface for Records Transfer on the basis of:
- ATA Spec2000 Chapter 16 – Consumption of ARCs
- ATA Spec2000 Chapter 17 – Consumption of eTech Logs
- ATA Spec2000 Chapter 18 – Consumption of Electronic Work Package Data
- Development plans with ATA Spec2400
- Demo 2: FinTwin® – Engine and Aircraft MRO Edition
In this section, you will see the FinTwin® – Engine and Aircraft MRO edition demo focusing on how profitability of Engine Shop Visits and Aircraft Hangar Visits can be visualized and maximized prior to Engine / Aircraft arrival in shop using advanced forecasting techniques (configured for each Engine / Aircraft Type) and a Discrete Optimization Planning framework.
Key features you will see:
– Engine Shop Visit Simulation, Aircraft Hangar Visit Simulation
– Impact of Operational Parameters (TSN, CSN, TSLV, CSLV, Rating, Average Min.
Thrust Derate, SFC, EGT Margin) on Man Hours forecasting
– Shop / Hangar Visit Cost and Profitability Forecasting
– TAT Risk Management
– Discrete Optimization Planner
– Dynamic Capacity Planner
- Demo 3: Engine FinTwin® – Lessor or Engine Owner Edition
Next you will see the Engine FinTwin® – Lessor / Aircraft or Engine Owner edition demo focusing on maximizing the revenue potential of an Engine over its Remaining Useful Life (RUL). This edition focuses on tracking residual life of Engines and Components as a factor of projected usage (Utilization, Environment, and Severity, Stub Loss) and monitoring projected cashflows as a factor of direct maintenance costs, contracts, LLPs, scraps, and rentals.
Key features you will see:
– Asset Maintenance Value Manager – Full and Half Life
– LLP Manager
– Maintenance Reserves Manager
– Shop Visit Forecasts
– Engine Asset Finance Manager
About the Aircraft IT Webinar Series:
Every 2 weeks the Aircraft IT website hosts a different live Webinar, each Webinar hosted by a different IT Vendor. These sessions represent the perfect opportunity to learn about a software solution in a more informal manner and to quickly gain an in-depth knowledge of all the major systems on the market, all from the comfort of your own office or home with no sales pressure.
The IT vendor provides a live software demonstration/masterclass of their solution and explains how it can benefit airlines, MROs, Operators, OEMs, Leasing Companies. Once logged on, online delegates can ask questions via the interactive sections of the Webinar or simply sit back and watch and listen to the demonstration. There are two sessions during the day, each differently times to accommodate all time zones.
Each Webinar session is recorded, and an On-Demand version is then posted back to the Aircraft IT website a few days after the live session to allow you to view the content again with your colleagues. The library of On-Demand Webinar recordings provides an invaluable reference source of Flight Operations software demonstrations from the World’s leading Flight Operations IT Vendors.
For a full list of upcoming Webinars Click Here
For a full list of On-Demand Webinar sessions Click Here