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Ramco Aviation Suite launches V5.8.9 driving AI/ML towards mainstream adoption – Equity Bulls

– Global software provider Ramco Systems today unveiled V5.8.9 of its Aviation Suite with advanced Artificial Intelligence and Machine Learning (AI/ML), automation and material management functions with several other improvements and value adds, designed to enable airline operators, MROs and defense organizations achieve their digital transformation objectives. The release offers operators and MROs an end-to-end platform for managing complex inventory support business models.The latest version delivers a full user interface (UI) refresh of the entire aviation product on the latest EXT JS 6 platform, rendering the product browser neutral, and incorporating user experience driven innovations.The new release also encompasses Artificial Intelligence and Machine Learning (AI/ ML) capabilities with production ready use cases around Discrepancy Reporting & Corrective Action, Frequently Ordered Part Recommendation, Auto Codification among others, there-by making an Intelligent Aviation Enterprise Application, a reality.KEY HIGHLIGHTS OF RAMCO AVIATION V5.8.9- Embedded with production-ready AI/ML use cases (Aviation specific)- Product supports Inventory Technical Management business models- Complete suite moved to EXT JS 6.0 platform- Launch of multiple Hubs- Built-in Automation- Mobility enhanced – AnywhereApps gets multiple new featuresRamco Aviation Software 5.8.9 introduces several new ‘hubs’ which strengthens user experience by unifying all relevant functions for a given role. The hubs unveiled in this version include Customer Order Management, Demand Management, Component Reliability, Component Reliability and Fixed Asset Management.On Mobility front, multiple features are now added to ‘Anywhere Apps’ which allows advanced mobile functionality on the go – a key feature of Ramco’s Aviation Suite.The latest version of Aviation software also delivers industry differentiating capability in advanced materials management processes and functions – capable of supporting specialized Inventory Technical Management (ITM) value chains. This module will benefit multiple business models of ITM – as a standalone business, as part of an integrated, complete, mixed MRO service offering, and as an owned asset in-house maintenance model.New reporting capabilities are made available, leveraging SQL Server Reporting Services (SSRS). The release also puts in place an API driven infrastructure for all automations, integrations, and multi-channel interactions (such as BOTs, Mobility Apps, emails etc.)Commenting on the new feature release, Virender Aggarwal, CEO, Ramco Systems, said, “The release of breakthrough new features which can redefine user experience and tailored automation driven through a combination of AI/ML and business modelling, is very timely. The global aviation industry is currently facing its worst-ever crisis. Leveraging this as an opportunity, organizations need to rethink and reboot their operations and aim for 10X process improvement by adopting Digital technology.””We continue to advance automation capabilities and have now removed many manual and semi-automatic functions altogether. The entire process of inventory and life cycle management has been redefined by software that can seamlessly register, move, share, exchange and retire assets, in a highly automated selfregulating value-chain. It unlocks value and builds exponential scalability for both operators and MROs. The combined updates are the fruits of intense efforts by the team, driven by market and customer needs,” he said.Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.117.4 as compared to the previous close of Rs. 121.7. The total number of shares traded during the day was 107226 in over 2216 trades.The stock hit an intraday high of Rs. 123.4 and intraday low of 115.65. The net turnover during the day was Rs. 12652900.
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