INTRODUCING YOCOVA A NEW DIGITAL PLATFORM DESIGNED TO BRING THE AVIATION INDUSTRY TOGETHER FOR OPEN DISCUSSION AND DIGITAL VALUE EXCHANGE

Automotive Press Releases Monday February 24, 2020 08:52
Bangkok--24 Feb--PC & Associates Consulting
-Rolls-Royce launches new data-led digital platform
-Singapore Airlines confirmed as first major industry participant

Rolls-Royce data innovation catalyst R2 Data Labs has launched Yocova – a new data exchange and collaboration platform for the aviation sector. The platform seeks to empower users by providing an online space for open, secure data sharing and insight while offering an exchange through which users can sell their data-driven assets and software applications.

Yocova allows aviation professionals to connect with each other in order to collaborate, control and commercialise data sources and applications. The platform, which is designed to help users manage complex data environments, was originally conceived as part of our IntelligentEngine vision as a secure space for users to flexibly share data sources.

"We are thrilled to unveil Yocova," said Caroline Gorski, Group Director, R2 Data Labs. "Since our launch, R2 Data Labs has been committed to unlocking the value of data and encouraging collaborative data innovation. This digitally-enhanced platform fits perfectly within that vision. We are already seeing great value in working with our industry peers to unlock our combined data sources and create unique digital service solutions that could truly enhance the future of aviation."

The platform has since grown and has already welcomed a large number of individual users, data science specialists and aviation application providers, including Singapore Airlines – the first major airline participant. Singapore Airlines has worked closely with Rolls-Royce to develop the concept of an open data collaboration and innovation platform from product to prototype. Today, the airline uses the platform to enhance its own operations.

"The creation of a modern open digital collaboration and innovation platform is a strategic move that addresses a clear need in the market. We are glad to be able to provide our digital expertise and operational experience as an airline, and work with Rolls-Royce on the development of Yocova. We see a huge opportunity for value creation across the industry through the open platform, and ease of collaboration where the control of data lies with the data owners and not the central platform. This project is in line with our vision of being a leading digital airline," said George Wang, Senior Vice President Information Technology of Singapore Airlines.

Yocova has been operating successfully as a trial platform for more than six months with an invited set of data specialists, software providers, and individual airline users. Having now secured its first major industrial participant in Singapore Airlines, Yocova will now seek broader content and commercial investment from industry partners.

Yocova - You Connect for Value
Yocova will welcome a broad stakeholder community of aviation and data specialists to Connect in order to:
-Collaborate
Yocova is an open and neutral platform where the industry can share and exchange information to solve aviation challenges.
-Control
Yocova facilitates problem solving and the co-creation of software, applications and digital tools allowing data owners to remain in control of how their data is used.
-Commercialise
The Yocova exchange allows the purchase of data or software tools, as well as the acceleration of new ventures through a partnership programme.

Rolls-Royce has been at the forefront of digital services in aviation for more than 20 years and in 2017 we launched R2 Data Labs as an acceleration hub for data innovation. The launch of Yocova sees R2 Data Labs support us in maximising the value that can be created from data and accelerating the digital transformation of the industries in which we operate.

Yocova is currently in beta phase where members are helping establish the first generation of the platform. Find out more on the programme at: yocova.com.
About Rolls-Royce Holdings plc
1.Rolls-Royce pioneers' cutting-edge technologies that deliver clean, safe and competitive solutions to meet our planet's vital power needs.
2.Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 70 navies, and more than 5,000 power and nuclear customers.
3.Annual underlying revenue was GBP15 billion in 2018, around half of which came from the provision of aftermarket services.

4.In 2018, Rolls-Royce invested GBP1.4 billion on research and development. We also support a global network of 29 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.

5.The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills.

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