Mar 14, 2024
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Completed
Reduced effort and increased accuracy of the audit
$50,000+
4-6 months
India
2-5
Service categories
Service Lines
Artificial Intelligence
Big Data
Domain focus
Technology
Challenge
A full-service aircraft asset lease manager with a global presence offering services such as Pre-purchase Inspections, Lease Management, Fleet Audits, etc. for Aircraft Lessors, Airlines, Banks, Private Equity and Investors.
Key Challenges
Complex inspection process involving validation of a variety of attributes based on the lease agreement.
Manual audit process of around 150+ assets during every inspection of a single aircraft
7-10 days to complete one inspection that gets repeated multiple times every year
A full-service aircraft asset lease manager with a global presence offering services such as Pre-purchase Inspections, Lease Management, Fleet Audits, etc. for Aircraft Lessors, Airlines, Banks, Private Equity and Investors.
Key Challenges
Complex inspection process involving validation of a variety of attributes based on the lease agreement.
Manual audit process of around 150+ assets during every inspection of a single aircraft
7-10 days to complete one inspection that gets repeated multiple times every year
Solution
AI & RULES BASED AUTOMATION
Developed an automated audit process using AI, NLP, RPA, rules engines, and crawlers to improve verification accuracy, and reduce time & effort
LEASE AGREEMENTS AND TECH SPECS
Generated the technical inspection checklist containing objective and subjective details of each asset from lease agreements and other data sources for different aircraft types
AIRWORTHINESS DIRECTIVES
Validate airworthiness directives (AD) implementation by comparing the AD and SB extracted from authorized sources for each entity against the uploaded inspection report to ensure compliance
AIRCRAFT RECORDS MANAGEMENT
Built a simplified and structured repository of audit & inspection records using document naming and classification based on the document type
AI & RULES BASED AUTOMATION
Developed an automated audit process using AI, NLP, RPA, rules engines, and crawlers to improve verification accuracy, and reduce time & effort
LEASE AGREEMENTS AND TECH SPECS
Generated the technical inspection checklist containing objective and subjective details of each asset from lease agreements and other data sources for different aircraft types
AIRWORTHINESS DIRECTIVES
Validate airworthiness directives (AD) implementation by comparing the AD and SB extracted from authorized sources for each entity against the uploaded inspection report to ensure compliance
AIRCRAFT RECORDS MANAGEMENT
Built a simplified and structured repository of audit & inspection records using document naming and classification based on the document type
Results
Key Technologies/Tools
AI/ML, NLP, RPA, Rules engine, Regex, Parsers, Web crawlers, Google Tesseract OCR
Results
Provided confidence to the client with 3 POC’s to establish how AI/ML can be leveraged to optimize operations.
Identified 15 use cases where we can apply AI/ML techniques to cut down manual effort.
Reduction of audit cycle time to 3-4 days from 7-10 days
Enhanced quality and accuracy of verification
Simplified and structured inventory of records
Key Technologies/Tools
AI/ML, NLP, RPA, Rules engine, Regex, Parsers, Web crawlers, Google Tesseract OCR
Results
Provided confidence to the client with 3 POC’s to establish how AI/ML can be leveraged to optimize operations.
Identified 15 use cases where we can apply AI/ML techniques to cut down manual effort.
Reduction of audit cycle time to 3-4 days from 7-10 days
Enhanced quality and accuracy of verification
Simplified and structured inventory of records