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Big Data Helps MBAs Take-Off In Global Aerospace Industry

Underexplored big data represent huge potential opportunity for aerospace managers to revolutionize aspects of aircraft production and travel.

Sun Jun 28 2015

BusinessBecause
As the high-fliers of the aerospace industry gathered at the Paris Air Show earlier this month, the booming business of flight gathered headlines of record sales, 3D printing innovation, and a new Boeing boss.

But amid the roar of A321 narrowbody aircraft and 777 long-range jets, talk was of data.

Aircraft data — which remain widely unexplored — are generating a wave of excitement across the aviation industries.

This represents a huge potential opportunity for aerospace workers and executives to revolutionize aspects of aircraft production and travel.

Aircraft manufactures have spoken of the possibilities of predictive maintenance, and huge potential cost savings. Airbus boasts that its A380 superjumbo collects information on more than 200,000 aspects of its flights alone.

Big data is becoming crucial in maintenance and overhaul, as well as in lean manufacturing, logistics, marketing and finance,” says Dr Christophe Bénaroya, director of the Aerospace MBA at France’s Toulouse Business School. “It cannot be considered as an external ingredient anymore.”

SAP, the software company, estimates the cost of keeping a commercial passenger jet grounded for maintenance can cost up to $10,000 an hour. Reducing downtime with efficient maintenance schedules, driven by analytics, could bring big financial savings.  

Yet concerns have been aired that there may be a shortage of skilled employees to transmit big data into solutions for businesses.

“Apart from the general shortage of people with skills in analytics, there is specifically a shortage of team leaders,” says Arne Strauss, associate professor of operational research at Warwick Business School.

A number of business schools are flying into the aerospace industry to satisfy demand for talent.

Toulouse and the Indian Institute of Management — Bangalore run a two-year program sponsored by Airbus, Europe’s biggest aircraft maker. HEC Paris, the French business school, runs an aviation specialization. And Canada's HEC Montréal recently launched an aerospace-focused MBA.

S Raghunath, a professor at IIM Bangalore, says there is room for improvement in how the industry utilizes its data. “But companies are reacting,” he says.

The likes of Boeing are attracted to the potential to expand further into systems integration and services. The trend will surge as demand for data grows.

There is also the potential for the use of data to track fuel consumption and to help pilots to avoid turbulence or bad weather.

“There is no question that big data applications have provided significant benefits,” says Richard Bloom, chief academic officer at Embry-Riddle Aeronautical University.

But he also points out that data applications in industries focused on threat, vulnerability, and risk assessment have yielded underwhelming results.

“There are opportunities. But benefits will accrue only with careful forethought,” he says. 

Student Reviews

HEC Paris

Student

Verified

7/07/2022

On Campus

Cultural experience

I have met the most competent and diverse batch in this school. These people not only thrive on their own but also makes sure that you are doing it with them. The professors will take your had and walk you through all milestones and make sure you are not left behind. I have found their extracurriculars extremely engaging. There was always a room to have social life after academic life. The only hindrance is the location of the school, it is slightly outside city and living in city is expensive.

Sarah

Verified

18/03/2022

On Campus

Internationality and diversity of opportunities

About my programme I would say it is very international and flexible: we have the opportunity to choose exactly the courses we want. But at the same time, the frame of the campus is crucial in students' life and enable us to create friendships.

Student

Verified

29/10/2021

On Campus

Great selection of people

While HEC's MBA is highly selective, I really enjoy the type of people HEC's selects to make sure everybody gets the best out of their MBA experience and networking opportunities. Not only it's an incredibly diverse pool of people (~60 nationalities) but most importantly they make sure to let in friendly empathic and curious people.

Veronique

Verified

28/10/2021

Blended

Best in France for Grande ecole

A prestigious business school. Languages ​​are important. It is better to have a scientific baccalaureate with excellent grades in high school and good assessments. The courses are well designed as per the latest trends and practicality of learning in stressed upon. Overall, a very good experience.

Ghadi

Verified

11/06/2022

On Campus

Diversity and quality of fellow students

Very international and interesting place to be and opens a lot of opportunities, however the administration is very french and facilities are subpar (gym, classrooms) meaning the academic affairs is pretty much useless and lastly we are graded on a curve which can create a toxic environment because of the competition. With that being said the pros outweighs the cons by far.

Student

Verified

27/03/2022

On Campus

The quality of the teachers, the campus, the clubs

The school is very international indeed, we have courses with international students and share things with them within the extra academic life (in the social clubs especially). We have great career prospects if we prepare ourselves well - however, the global curriculum is still very finance-oriented, which is a pity for other interesting domains of the company world, which does not rely on finance only. The social clubs are good practice for the management and for now, are quite independent.

Lb

Verified

26/03/2022

On Campus

HEC Paris awaits you

HEC Paris is really a nice place to do a master's in business. Many classes are useful and interesting (corporate finance, financial accounting, contract law…), some are less - but the curriculum is to be reviewed in the year to come. Regarding the student life, it is incredible, with about 130 clubs, lots of great parties with even greater people. The Jouy campus offers a lot of opportunities to do sports, and you can breathe fresh air every day. HEC also helps a great deal to find an internship or a job.

Rajarshi

Verified

28/10/2021

Blended

A dream institute

Enrolling in the HEC MBA was by far the best decision I made for myself. The people and faculty are great, with lots of opportunities to meet people and expand your horizons. Very nice campus where I have had some good running sessions. The alumni network is superb and very helpful. It also has a good support system for entrepreneurs. Would definitely recommend it!

Student

Verified

19/10/2021

On Campus

Good choice for a career boost

The classes were extremely practical and relevant to the current challenges that businesses are facing. You have access to a wide range of professionals and good career prospects once you leave the university.

Student

Verified

7/07/2022

On Campus

Cultural experience

I have met the most competent and diverse batch in this school. These people not only thrive on their own but also makes sure that you are doing it with them. The professors will take your had and walk you through all milestones and make sure you are not left behind. I have found their extracurriculars extremely engaging. There was always a room to have social life after academic life. The only hindrance is the location of the school, it is slightly outside city and living in city is expensive.

Sarah

Verified

18/03/2022

On Campus

Internationality and diversity of opportunities

About my programme I would say it is very international and flexible: we have the opportunity to choose exactly the courses we want. But at the same time, the frame of the campus is crucial in students' life and enable us to create friendships.

Student

Verified

29/10/2021

On Campus

Great selection of people

While HEC's MBA is highly selective, I really enjoy the type of people HEC's selects to make sure everybody gets the best out of their MBA experience and networking opportunities. Not only it's an incredibly diverse pool of people (~60 nationalities) but most importantly they make sure to let in friendly empathic and curious people.

Veronique

Verified

28/10/2021

Blended

Best in France for Grande ecole

A prestigious business school. Languages ​​are important. It is better to have a scientific baccalaureate with excellent grades in high school and good assessments. The courses are well designed as per the latest trends and practicality of learning in stressed upon. Overall, a very good experience.

Ghadi

Verified

11/06/2022

On Campus

Diversity and quality of fellow students

Very international and interesting place to be and opens a lot of opportunities, however the administration is very french and facilities are subpar (gym, classrooms) meaning the academic affairs is pretty much useless and lastly we are graded on a curve which can create a toxic environment because of the competition. With that being said the pros outweighs the cons by far.

Student

Verified

27/03/2022

On Campus

The quality of the teachers, the campus, the clubs

The school is very international indeed, we have courses with international students and share things with them within the extra academic life (in the social clubs especially). We have great career prospects if we prepare ourselves well - however, the global curriculum is still very finance-oriented, which is a pity for other interesting domains of the company world, which does not rely on finance only. The social clubs are good practice for the management and for now, are quite independent.

Lb

Verified

26/03/2022

On Campus

HEC Paris awaits you

HEC Paris is really a nice place to do a master's in business. Many classes are useful and interesting (corporate finance, financial accounting, contract law…), some are less - but the curriculum is to be reviewed in the year to come. Regarding the student life, it is incredible, with about 130 clubs, lots of great parties with even greater people. The Jouy campus offers a lot of opportunities to do sports, and you can breathe fresh air every day. HEC also helps a great deal to find an internship or a job.

Rajarshi

Verified

28/10/2021

Blended

A dream institute

Enrolling in the HEC MBA was by far the best decision I made for myself. The people and faculty are great, with lots of opportunities to meet people and expand your horizons. Very nice campus where I have had some good running sessions. The alumni network is superb and very helpful. It also has a good support system for entrepreneurs. Would definitely recommend it!

Student

Verified

19/10/2021

On Campus

Good choice for a career boost

The classes were extremely practical and relevant to the current challenges that businesses are facing. You have access to a wide range of professionals and good career prospects once you leave the university.

Student

Verified

1/06/2024

On Campus

Diverse

HEC, as an academic institution, serves as a launching pad for students to excel in their pursuits and careers. The diversity among students and professors is truly remarkable. The chance to attend seminars across five major continents is unparalleled. The exposure and relationships it fosters are invaluable.

Student

Verified

31/05/2024

On Campus

Super diverse

It's a super diverse and fascinating environment with tons of chances, but the management is very French, and the facilities like the gym and classrooms are not great. This makes the academic side quite ineffective. Plus, we're graded on a curve, leading to a competitive and sometimes toxic atmosphere. Despite all that, the benefits definitely overshadow the drawbacks.

John

Verified

10/06/2024

On Campus

Surreal academic experience

What stood out to me about HEC was the direction and insight it offered on coding approaches. Prior to joining the program, I attempted self-learning, but I felt disoriented and lacked a starting point.HEC enabled me to grasp the basics of programming and provided support when I encountered obstacles. Without that guidance, I doubt I would have achieved the progress I have made to date.

John

Verified

10/06/2024

On Campus

Good security

HEC boasts a dedicated team of security personnel who undergo rigorous training to ensure the perpetual maintenance of tranquility and orderliness within the institution. Their unwavering efforts are directed towards fostering a sense of security among the student body, thereby enabling them to channel their energies predominantly towards their academic pursuits.

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