How Location Analytics Will Change Retail

Location Analytics as the name suggests is a term related to location. It is also called as location intelligence. Location Analytics can be defined as a term which has the ability to gain business insight from the business data based on the location. There are multiple types of business insights and also there are multiple ways to gain business insight. 

As we know that there are many international retail firms are using many traditional tactics to know the behavior of their customer so that they can serve them a better experience and indirectly they are increasing their customer base. In this Location Analytics is the newest tool in the market which is very much improved and advanced and not bonded by any location, with the use of this tool one can remotely track the behavior of their customer and can act along to provide them better service. So location analytics has become an essential tool for understanding online customer behaviors. 

http://www.esri.com

Regardless of its success worldwide there are relatively very few companies with large physical venues employ advanced analytics solutions that helps them to track customer behaviors. As a result most of the companies we can say are flying blind when it comes to understanding their customers in the digital world.

There are many business venue owners  from retail to airports to education to amusement parks are trying their hands on this by applying insights gathered from location analytics to all aspects of their businesses including:

1) Design:

After analyzing traffic flows in their stores, a big box retailer realized that there are some problems with the shoe department as there is problem for customer to access the goods as it was stacked by the merchandise and due to it customer access is limited. After analyzing the merchandise were relocated to increase accessibility of the customer and the next week there was a positive effect, sales was increased by double digits.

2) Marketing:

A restaurant chain wanted to understand that whether or not sponsoring to a local music awards had a positive impact on customer visits in their restaurant. They have captured the data and they have found that among the 15,000 visitors of the festival entrances 1300 visitors have also been visited in their restaurant in last month so they concluded that the festival resulted in 1300 net new visitors.

3) Operations:

A retail grocery store chain makes the use of location analytics to know the customer wait times in various departments. This data not only hold managers accountable for wait times but also it gave additional insight for staffing needs for each department throughout the day

4) Strategy:

A regional clothing chain was concerned about opening an outlet store would directly affect customers from its main stores. They have analyzed their each store they have discovered that less than 2% of their main store customer visitors visited their outlet and the most impressing thing it found that the outlet gave them access to an entirely new customer base with small impact to existing store sales.

Location Analytics can also be used in other markets. Consumer goods and retail market has the highest share in the overall market. Location analytics, other than consumer goods and retail sector, has a wide investment in healthcare and life science, banking and insurance, government, defense and aerospace, utilities, and real estate verticals, manufacturing, travel and hospitality, transportation and logistics, telecommunication and IT, public sector and energy media and entertainment.

Market Report:

Location Analytics Market is expected to grow from $6.83 billion in 2014 to $11.84 billion by 2019, at a Compound Annual Growth Rate of 11.6% from 2014 to 2019. Asia Pacific and Middle East regions are growing rapidly with the respected CAGRs of 17.1% and 14.4%, respectively from 2014 to 2019.

 Download PDF @

https://drive.google.com/file/d/0B98OdxZxcARzemhtM1JyQ3NfY00/edit?usp=sharing

 

What is Flight Management System (FMS)?

A Flight Management System is also known by different names such as flight control system, flight management visual display, flight display computer, FMS and control display unit. A flight management system is very important component of a modern aircraft’s avionics. A Flight Management System is a specialized digital computer system that helps the pilot to automate wide variety of flight tasks and helps to reduce the workload of flight crew. In modern civilian aircraft FMS helps a lot as there is no need to carry flight engineers or navigators. 

A very first task or primary function of FMS is management of the flight plan stored in its database. To determine the aircraft's position FMS can guide the aircraft along the flight plan with the use of technology such as sensors like INS and GPS. Cockpit is a place where FMS is placed and from the cockpit FMS is normally controlled with the use of Control Display Unit which consists of a keyboard, small screen and a touch screen. After flight management of the flight plan FMS sends the flight plan to the Multifunction Display, Navigation Display and Electronic Flight Instrument System so that it can be displayed.

Characteristics of Flight Management System:

(1) Navigation database

All Flight Management Systems consists of a navigation database to store important information required for building a flight plan. 

The Navigation Database consists of following information.

• Holding patterns.
• Way points or intersections.
• Airways.
• Airports.        
• Radio navigation aids which consists of distance measuring equipment, instrument landing systems, VHF omnidirectional range and non directional beacons.
• Runways.
• Standard instrument departure.
• Instrument approach procedure.
• Standard terminal arrival.

(2) Flight Plan

The flight plan is a route by which the aircraft is going to travel and it is generally determined on the ground before the departure of the flight either by the pilot for smaller aircrafts or by a professional dispatcher for the commercial or cargo aircraft's. 

(3) Position Determination

Once you are in flight a most important task of the FMS is to determine the aircraft's position and about the accuracy of that position. Simple Flight Management System uses a single sensor or generally GPS in order to determine position but in modern FMS they are using many sensors as much as they can.

(4) Guidance

Once the flight plan and the aircraft's position are given or set in FMS, the FMS calculates the course or path to follow. The pilot can follow this path manually or he can set the mode as autopilot to follow the course.

(5) VNAV

VNAV stands for Vertical Navigation Many sophisticated aircrafts generally airliners such as the Boeing 737, Airbus A318 and larger have full performance Vertical Navigation. The work of VNAV is to predict and optimize the vertical path. 

Market Report:

The Flight Management Systems Market size is expected to be $1.8 billion by 2018. The market is expected to grow at a CAGR of 3% during the period of 2013 to 2018. US will be the fastest growing region.

http://www.prweb.com/releases/flight-management-systems/market/prweb11034988.htm 

What is Building Managent System? Commercial Airport Lighting Market Forecast and Analysis

Building Management System as the name suggests is the software system developed to manage building equipments. Building Management System is a computer software based control system which is installed in buildings which helps to control and monitors the building’s electrical and mechanical equipment such as power systems, lighting, ventilation, fire systems and security systems. 

Characteristics of Building Management System:

Building Management Systems are most commonly deployed on large scale projects with extensive electrical, mechanical and plumbing systems. Approximately 8% of total energy usage in the United States is believed to account from improperly configured BMS systems.

Sometimes there are many other things such as building access control, motion detectors and video surveillance systems such as closed circuit television (CCTV) to which BMS systems are linked. Many other times BMS systems are also used to monitor and control fire alarms and elevators. BMS is responsible to send elevators to the ground floor so that nobody can have access to it because of ventilation problem when fire is detected.   

Additional Uses of Building Management System: 

• It is used to control lighting.
• Control electric power.
• Ventilation, heating and Air Conditioning are also controlled by BMS.
• It is used for Security and observation purposes.
• Access control to doors.
• Can control Fire alarm system.
• Lifts, elevators are managed and controlled by BMS.
• CCTV’s are directly monitored by BMS.
• Many other engineering systems.

www.orble.com

Benefits of BMS:

• It has good control of internal comfort conditions.
• It is also possible to the control of individual room.
• It helps to increase staff productivity.
• It helps to monitor effectively and to reduce energy consumption.
• Improved plant reliability and life.
• It saves our time and money during the maintenance.
• Building owner can rent a house at higher value.
• Individual billing will be easy.
• Control and monitor building remotely or centrally.
• Time saving and comfort level increases.  
• Ease of maintenance.
• We can schedule maintenance computerized. 

When Building Management System is installed at airport for controlling its overall lighting infrastructure then it is also called as Airport Lighting. Adding operation and maintenance airport lighting holds the greatest potential for saving energy by reducing energy consumption at small airport terminals. 

Market Report:

http://www.marketsandmarkets.com/Market-Reports/airport-lighting-market-1060.html

The global Airport Lighting Market expected to grow from $909.9 million in 2013 to $1,221.7 million by 2018 at an estimated compound annual growth rate of 6.07% from 2013 to 2018. Middle East will be the largest Market of the airport lighting market in terms of revenue.

http://www.prweb.com/releases/airport-lighting/market/prweb10521467.htm

Aircraft Refurbishment : A cost effective way to upgrade your aircraft

Aircraft Refurbishment is a process of modernization of aircraft with the use of advanced technology, avionics, engines, parts etc As per the recent news of decline in the sales of new aircraft and from this it is pretty clear that aircraft renovation is better option than to buy a new air aircraft which much more costlier. In aircraft refurbishment all types of parts which not capable of handling advanced avionics are replaced. 

In today’s world the line between recognizing a new aircraft and one that has undergone refurbishment is disappearing because of the use of advanced technology. Many people’s who are the owner of aircraft they acknowledge it to be well used and may be prefer keep their old aircraft because they are pretty good in condition and if damaged then they can be refurbished at reasonable rates. In these cases owners mostly chooses upgrades of avionics, new fresh paint, and freshly styled interiors while many others also goes for acquiring an alternative pre owned aircraft.

Aircraft can be renovated mostly on the basis of its structures. 

Exterior:

As the name suggests this type consists of the renovation of the external parts such as color, design and much more.

Interiors:

Interior consists of communication technology such as Satellite entertainment, Blue ray, Wi Fi and sophisticated Flight Status Displays are now routinely installed. Of course we know that new airplanes are exciting because of the brand new gear, newer capabilities, more efficiency and safer flying which is most important. 

Even with a smaller budget and with some creative thinking we can transform our aircraft machine into an updated version which will definitely be safer and more comfortable airplane it directly means that we can get a new airplane without actually having to pay the new aircraft price.

Upgrades:

• Seat Upgrades
• LED Lighting
• Seat Belts and Harnesses
• Cabin Air Controls and Vents
• Replacement Yoke or Stick Grip
• New Door Seals
• Restore Plexiglas Windows
• New Plastic Parts
• Micro Aerodynamics Vortex Generators
• Seat Refurbishment
• Rosen Sun Visors
• Power Flow Exhaust System

Recent News:

In current scenario many countries are modernizing their aircraft's and if we looking at the ration more aircraft's are being refurbished than buying new one.

Indian Air Force is modernization its aircraft's as they are going to finish their lifespan and may be to reduce cost of modernization they looking to upgrade their aircraft's rather than buying new one. In recent news it is stated that Indian Air Force is upgrading its 120 Jaguar planes. It is shown in the figure given below.

http://www.dailymail.co.uk

There is s news rounding up that Pakistan Air Force is spending billions of dollars on the up gradation of F – 16 fighter planes.

Canada had spent $1.7 billion in upgrading their aircraft's since from 1998 and it has the plans of spending more on up gradation in coming years.

According to the recent news Taiwanese Air Force is planning to spend $5.3 billion for its aircraft retrofit program. As such there are many examples that Aircraft Refurbishment is growing with high pace.

Market Report:

Recent study of the Aircraft Refurbishment Market says that the estimated revenue for refurbishing market has increased from $3.04 billion in 2012 to $4.26 billion in 2017 globally. The Compound Annual Growth Rate of 2012 to 2017 is estimated to be 7.0%.

      

You can download Free PDF Brochure of this report @    http://www.marketsandmarkets.com/pdfdownload.asp?id=922