PredictX launches Air Sourcing Navigator for corporate travel buyers
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PredictX, the leading AI-driven business travel data intelligence specialist, is enhancing its technology proposition with the launch of Air Sourcing Navigator, a new application giving corporate travel managers dynamic insights into optimising their air programme.
Air Sourcing Navigator pulls the corporate’s real-time air travel and expense data from the PredictX analytics platform. Using advanced data science, the application then analyses and benchmarks that data to detect opportunities, for example on certain routes, carriers, or class of travel, where the travel manager could negotiate or re-negotiate a better deal with the relevant airline. Air Sourcing Navigator then sends these recommendations to the travel manager, enabling them to proactively initiate discussions with the airline, make changes to their programme and drive cost-savings.
The corporate’s entire air travel data is populated accurately and completely within Air Sourcing Navigator because the PredictX platform ingests data from over 200 pre-built connectors. This includes TMCs, expense systems, credit cards, OBTs, GDS systems, suppliers, HR systems and general ledger. Using market-differentiating AI and machine learning, this data is validated, fused and enriched to generate a single consolidated source of truth, giving corporates highly-automated and actionable insights to support better decision-making.
Air Sourcing Navigator also leverages technology within PredictX’s ground-breaking AI platform, sheri.ai, to enable the user to interpret the data in more detail. For example, applying natural language processes, the user can request an ‘explain graph’ for a deeper understanding of the reason for potential savings.
Air Sourcing Navigator is the first of a portfolio of AI-enabled sourcing applications to be developed by PredictX. Additional specialist hotel and ground transport sourcing applications will be released later this year.
Keesup Choe, CEO, PredictX commented: “Our mission at PredictX is to empower our clients to forecast and automate critical business decisions. Our platform puts the power of AI at their fingertips, so that they can immediately make better decisions based on accurate data and predictive insights.”
“We are continuously investing in enhancements to our tech offering, and developing innovative applications to help corporates proactively solve challenges they face in managing their travel programme, all while driving cost savings,” continued Keesup Choe. “We identified air sourcing as an area where buyers would benefit from our AI-led approach to data science to make informed decisions based on dynamic insights. We are therefore delighted to be bringing Air Sourcing Navigator to market as our latest product innovation. We also look forward to unveiling applications for hotel and ground sourcing later this year.”
PredictX will be unveiling Air Sourcing Navigator at Business Travel Show Europe at Excel 19th/20th June 2024. Visitors to the company’s stand no. K51 will be able to see a demo of the application’s dynamic AI-led insights, as well as take a deeper dive into the overall PredictX proposition for corporates. Keesup Choe CEO of PredictX is also joining a panel called 'Will generative AI deliver personalisation and more for travel managers and their travellers' alongside speakers from TravlrID, Visa Innovation, CWT and TripStax on Wednesday 19 June.
