Investing €1m in AI
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.
Introducing an aviation AI tool solution
“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.
Enhancing the future of aviation leasing via AI
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.
AviTalk is a Generative AI solution providing you with a 'subject matter expert' on your assets and contracts.
Ask any questions and AviTalk will quickly and easily retrieve the answer saving you both time and money.
It will give you the citation and provide a link to the source document in which the answer is located.
FAQs on Aviation AI Tool Solutions:
What is an aviation AI tool solution?
An aviation AI tool solution refers to software that uses artificial intelligence to enhance operations in the aviation industry. These tools can automate data retrieval, interpret complex documentation, and provide real-time insights, improving efficiency for lessors, airlines, and MROs.
What is AviTalk and how does it serve as an aviation AI tool solution?
AviTalk is a generative AI solution developed by TEKaviation. It acts as a virtual subject matter expert, allowing users to query technical, legal, and financial documents directly. It eliminates the need for traditional lease management systems by understanding unstructured data like text, handwritten notes, and images.
How does AviTalk improve aviation leasing operations?
AviTalk enhances leasing operations by:
- Providing 24/7 access to asset and contract data.
- Supporting over 90 languages for global teams.
- Performing complex calculations (e.g., rental fixings).
- Delivering answers with citations and source links. This results in faster decision-making and reduced operational overhead.
Why is AI important in aviation asset management?
AI tools like AviTalk unlock the 70–80% of data typically trapped in documents. By making this data searchable and actionable, AI improves compliance, forecasting, and asset lifecycle management, critical in a high-value, low-volume industry like aircraft leasing.
Is AviTalk secure and reliable for enterprise use?
Yes. AviTalk is built on enterprise-grade infrastructure with continuous availability and robust security. It ensures that sensitive aviation data is accessed securely and only by authorised users.
Who can benefit from using an aviation AI tool solution like AviTalk?
Aircraft lessors, airlines, and MROs benefit the most. These stakeholders deal with complex documentation and regulatory requirements, and AI tools streamline their workflows, reduce manual errors, and enhance productivity.