CALCULATING ROI ON AN AIRCRAFT MANAGEMENT AND COMMUNICATIONS SOLUTION: 4 THINGS TO CONSIDER
One of the most important aspects of emerging aviation technology is that it's given operators more choices than ever when it comes to flight management solutions. Where once the only available offerings were cumbersome and wildly expensive legacy systems for commercial airlines, the advent of smart tech and devices and software such as Spidertracks has enabled smaller businesses to tailor solutions for their specific needs.
In our eBook ‘Reliable Communications with Your Aviation Crew — Anywhere, Anytime,’ we outlined four tiers of aviation communications — radio, higher-level (advanced systems such as ACARS), Global Cross-Channel Communication (GC3), and non-aviation-specific workarounds — and discussed how operators can choose the right one for their businesses.
What are your current costs with your existing system?
When you’re thinking about switching to a new communications solution, the first step in determining ROI is, of course, figuring out how much your existing system costs you. Take into account any recurring monthly costs, as well as future hardware and software upgrades.
You should also consider opportunity cost — aka the money and opportunities you’re losing out on by not using a different solution. What’s missing in your current system? Are you able to effectively communicate with your assets even when they’re in remote locations? If you need to reroute an aircraft but you can’t get in touch, how much will it cost your business for that aircraft to make two trips?