The aviation industry, known for its technological advancements, has traditionally relied on complex, on-premise systems to manage its operations. However, the landscape is rapidly changing, and cloud technology is emerging as a powerful tool to propel aircraft leasing businesses to new heights.
Digital transformation is taking flight across industries
with the advantages of cloud-based solutions becoming ever more evident, and despite the specificities of the industry, in this regard aircraft leasing is no different.
However, the limitations of existing on-premise systems stop lessors from taking advantage of the full potential of transformation: systems are typically not under constant development, resulting in an inability to keep up with shifts in the industry. In addition, on-premise systems raise the spectre of complex and costly cybersecurity operations, which are required to ensure breaches are discovered and halted.
In addition, uptime issues and complex patch management bedevil even the best managed on-premise system, leaving users at the mercy of vendors.
It does not need to be this way. Cloud platforms offer a multitude of benefits that can significantly enhance the efficiency and profitability of aircraft leasing operations.
Scalability:
The cloud’s ability to adapt to fluctuating workloads is a game-changer for the leasing industry. As a lessor’s portfolio grows or shrinks, cloud-based systems can seamlessly scale resources up or down, ensuring optimal performance and cost-efficiency.
Accessibility:
With cloud-based software, teams can access critical data and applications from anywhere with an internet connection. This empowers employees to work remotely, collaborate effectively, and make timely decisions.
Cost Savings:
By shifting IT infrastructure to the cloud, lessors can reduce capital expenditures on hardware and software. Additionally, flexible pricing models allow businesses to optimise costs based on usage.
Enhanced collaboration:
Cloud platforms facilitate seamless collaboration among internal teams and external partners. Real-time data sharing and document management.
Disaster recovery:
Cloud-based systems provide robust disaster recovery capabilities, safeguarding critical data and ensuring business continuity in case of unforeseen events.
Navigating the cloud: Security and migration
The first step in cloud adoption is preparation. It has been repeated to the point of cliché now, but it is nevertheless true that digital transformation is a journey, not a destination. In addition to meaning organisations should stay nimble and flexible, with IT systems that assist them in this, it is equally true that moving to the cloud need not be a ‘big bang’ switchover.
A changeover should be orchestrated on a system-by-system basis founded in a priority assessment of which systems are most critical and which will bring the greatest benefits. Naturally, the cost of transitioning also needs to be carefully assessed and should be measured against real gains.
While the cloud offers numerous advantages, concern about security has acted as a drag on adoption, cited as a concern for many businesses. However, the reality is that the cloud is more secure. Not only do leading cloud providers invest heavily in security infrastructure and employ advanced technologies to protect data, but cloud platforms are also automatically kept up to date, including with security patches.
Nevertheless, as with any migration, in order to mitigate risks, lessors and their partners should:
- Conduct thorough risk assessments.
- Choose a reputable cloud partner with strong security certifications.
- Implement robust access controls and data encryption.
- Regularly review and update security measures.
In addition, migrating to the cloud can be a complex process involving not only the shifting of data but also re-training of staff. A well-planned approach is essential for a smooth transition.
Key steps include:
- Assessing current IT infrastructure and applications.
- Selecting the appropriate cloud platform and services.
- Developing a detailed migration plan.
- Testing and validating the new environment.
TEKaviaiton, which is built on Microsoft Azure, a leading cloud platform, offers a comprehensive suite of tools and services tailored to the needs of the aviation industry, and its robust security features and scalability make it an attractive option for lessors seeking to modernise their operations.
However, a smooth transition does not mean taking a piecemeal approach. Like insulating a house it is only when all systems are in the cloud do you get the full benefit of the renewed IT architecture from a security and performance perspective.
Ascending new heights: Future trends
The cloud computing landscape is constantly evolving, and innovative technologies are emerging that will further transform the leasing industry.
Artificial intelligence (AI) and machine learning (ML), are increasingly important, for instance. Cloud-based AI and ML platforms will enable lessors to analyse vast amounts of data, identify trends, detect fraud and optimise operations. By leveraging the power of cloud-based technology, businesses can improve efficiency, reduce costs, and enhance customer satisfaction.
Ultimately, the goal is straightforward: leaving behind the limitations of traditional IT infrastructure to soar to new heights. By adopting cloud-based solutions, aircraft lessors can position themselves for long-term success and gain a competitive edge.
Take the Next Step!
Are you ready to unlock the transformative potential of data and AI for aircraft leasing?
TEKenable can help. We offer TEKaviation, a comprehensive suite of solutions tailored to lessors’ specific needs.
Contact us today to schedule a consultation and explore how we can empower you to achieve digital transformation success.