GE Aviation and Accenture Form Joint Venture to Provide Intelligent Operations Aircraft Planning and Recovery Solutions for Commercial Aviation
NEW YORK; Nov. 29, 2012 - Accenture (NYSE: ACN) and GE Aviation, an operating unit of GE (NYSE: GE), have agreed to form a new joint venture company called Taleris™. Taleris will provide airlines and cargo carriers around the world intelligent operations services focused on improving efficiency by leveraging aircraft performance data, prognostics, recovery and planning optimization solutions that will include assets and capabilities from both Accenture and GE. Finalization of the joint venture is subject to customary closing conditions and regulatory approvals, which are expected by the end of the year. Financial details are not being provided.
"Airlines are seeking more effective and efficient ways to utilize next generation technologies and this new joint venture will allow us to respond by combining the strengths of intelligent operations, predictive analytics, and recovery solutions to integrate and optimize airline operations," said Mitch Cline, chief operating officer-elect of Taleris.
Taleris will leverage GE Aviation's intelligent operations and ProDAPS predictive analytics technology to analyze data from "tip to tail" sensors for multiple aircraft parts, components and systems and make predictive recommendations to optimize aircraft maintenance and flight operations. Accenture will provide the solution architecture and operations systems integration to fully integrate intelligent operations solutions for Taleris customers. Taleris will also be assuming the planning and recovery business and technologies from Navitaire, an Accenture company that provides a wide range of technology services and solutions for the airline industry.
The combined technologies of the new joint venture will enable operators to utilize both predictive and real-time data to plan and recover from potential disruptions thereby reducing the propagation impact on operations. The solution's software applications will include an analytics dashboard, operations workbench, mobile-enabled access, integration architectures, and complementary technology and services such as business process redesign, systems integration, data analysis and customer decision support.
Accenture is a global management consulting, technology services and outsourcing company, with 257,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012. www.accenture.com
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