Rolls-Royce data innovation catalyst R2 Data Labs has launched a new data exchange and collaboration platform for the aviation sector, Yocova.
The platform connects 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 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 Rolls-Royce’s IntelligentEngine vision as a secure space for users to flexibly share data sources.
Platform has secured first airline participant
Caroline Gorski, Group Director, R2 Data Labs said: “We are thrilled to unveil Yocova. 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 already welcomed individual users, data science specialists and aviation application providers and its first major airline participant, Singapore Airlines. The carrier has worked closely with Rolls-Royce to develop the concept of an open data collaboration and innovation platform from product to prototype and now uses the platform to enhance its own operations.
George Wang, Senior Vice President Information Technology of Singapore Airlines, said: “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.”
Yocova has been operating as a trial platform for more than six months. Having now secured its first major industrial participant, Singapore Airlines, it will now seek broader content and commercial investment from industry partners.