June 15, 2024

PredictX launches air sourcing solution

PredictX, the AI-driven business travel data intelligence specialist, has launched Air Sourcing Navigator, an application giving corporate travel managers dynamic insights to help them optimise their air programme.

The technology pulls the corporate’s real-time air travel and expense data from the PredictX analytics platform.

It then uses advanced data science to analyse and benchmark that data to detect opportunities, for example on certain routes, airlines or class of travel, where the travel manager could negotiate or re-negotiate a better deal.

The PredictX platform ingests data from over 200 pre-built connectors, including TMCs, expense systems, credit cards, OBTs, GDS systems, suppliers, HR systems and general ledger. 

Air Sourcing Navigator also uses technology within PredictX’s AI platform, sheri.ai, to enable travel managers to interpret the data in more detail.

It applies natural language processes so users can request an ‘explain graph’ for a deeper understanding of the reason for potential savings.

Additional specialist hotel and ground transport sourcing applications will be released later this year.

Keesup Choe, CEO PredictX, said: “Our mission at PredictX is to empower our clients to forecast and automate critical business decisions. Our platform puts the power of AI at their fingertips, so that they can immediately make better decisions based on accurate data and predictive insights.

“We are continuously investing in enhancements to our tech offering, and developing innovative applications to help corporates proactively solve challenges they face in managing their travel programme, all while driving cost savings.

“We identified air sourcing as an area where buyers would benefit from our AI-led approach to data science to make informed decisions based on dynamic insights. We also look forward to unveiling applications for hotel and ground sourcing later this year.”

Founded in 2012, London-headquartered PredictX is an established SaaS company that develops, delivers and manages decision support applications.