Irish tech player TEKenable’s aviation division TEKaviation has invested more than €1m in AI development to create a new tool for the aviation leasing industry.
Irish tech player TEKenable’s aviation division TEKaviation has invested more than €1m in AI (artificial intelligence) development to create a new tool for the aviation industry.
This has resulted in a new product called AviTalk, a generative AI solution providing users with a virtual “subject matter expert” on their assets and contracts.
“We developed AviTalk to enhance aviation leasing via AI”
Aimed at for lessors, airlines and MROs (maintenance, repair and overhaul), AviTalk enables users to directly interrogate their technical, legal and financial documentation to retrieve specific information, removing the requirement for storing information in an intermediary lease management system.
Flying into the future
The platform leverages advanced AI capabilities to enhance data understanding and retrieval.
AviTalk can read, understand and interpret text, handwritten notes and images. It is a communication platform that supports over 90 languages, enabling users to receive accurate and contextually relevant answers in their preferred language.
“Only 20% to30% of all data is recorded in systems, the rest is locked up in documents. We developed AviTalk to enhance aviation leasing via AI”, explains Aidan Bodkin, managing director, TEKaviation.
AviTalk can perform complex mathematical calculations, such as interpreting formulae and determining rental fixings. As an AI agent, it operates 24/7 with no downtime, ensuring continuous availability and reliability. Users can ask questions directly to their documentation, bypassing the need for specialist CMS knowledge.
“This conversational, multilingual AI solution will give users more choice and control over their businesses by improving efficiency and productivity. It is a dedicated 24/7 subject matter expert on their data,” Bodkin added.
In September last year, TEKenable revealed plans to create 20 new jobs in a new aviation division it called TEKaviation. The new jobs will be created over the next four years and will include sales, development, support, marketing and management roles.
Main image at top: Aidan Bodkin, managing director, TEKaviation
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