E80 - Albert Ishak - Harmonising the Legacy Systems in Aviation Industry through Finance Automation

Aviation is an industry that naturally has a significant
existence of legacy systems within financial and IT operations.
How to harmonise these systems and what are the benefits of the
harmonisation?


Above all, how can you synchronize the legacy systems existing in
your industry and organisation?


To discuss all this and much more, we have Albert Ishak, the CFO
of Airbus, Indonesia, for this exclusive episode on The Analytics
Show. Airbus is a global pioneer in the aerospace industry,
operating in the commercial aircraft, helicopters, defence, and
space sectors. The company designs, manufactures, and delivers
aerospace products, services, and solutions to customers
worldwide. In 2020, it generated revenues of €49.9 billion and
employed a workforce of around 130,000.

Albert specialises in analysis, forecasting, financial modelling,
statistics, data science, credit analysis, and research. He is a
CFO with experience in Aviation, Aerospace, Defence, Agriculture,
Hospitality, and Gaming industries.


Before joining Airbus, Albert was a pivotal force in establishing
Neorizon, a joint venture between Airbus and LM Industries.
Neorizon develops physical products as fast and as flexible as
software. The company specialises in rapid product innovation and
development. He was the first CFO and Co-Managing Director there.


Academically, Albert graduated from IE Business School’s
International MBA in 2017. He also received another MBA in
Behavioral Sciences of Management from Yale School of Management.


In this episode, the exciting discussion takes form through the
following routes:


Albert shares about his academic background and what advice
he would give to young data scientists who are interested in
progressing their careers to be a CFO.

His experience in starting Neorizon, and how that experience
cemented his professional career at Airbus.

The use of data and analytics at Airbus and a few examples of
how data science and emerging technologies are used at Airbus
around the world.

Some of the use cases are -- Airbus Skyways and Digital Twin
technology, Route optimisation for commercial aircraft, and
predictive maintenance to prolong the asset lifetime value.

The use of data analytics in Albert’s main area of expertise
- finance.

He shares their work in building the financial model to
better understand the company cash flow, budgeting, and costing.

Data analytics combined with finance automation not only
allow him and his team to better predict the financial health of
Airbus Indonesia, but it also allows them better manage finance
when accessing the money market.

Albert shares his views on harmonising the legacy systems as
well as the long term vision that Airbus and Global CFO have for
the future.



If you are a CFO operating at a well-established company that
comes with legacy systems, I would highly recommend you listen to
this episode to find out how Albert is improving the financial
health at Airbus Indonesia through finance automation and
harmonising the legacy systems.


This episode is sponsored by the new program at DDA. It’s an
analytics leader mentorship program for senior managers and
executives in the business team who want to develop a data-driven
business to drive customer experience excellence. For a small
one-off annual fee, you get to book Unlimited Strategy Sessions
for a Full Year. For more information about this program, please
reach out to DDA!


BusinessAnalytics, CustomerExperience, DataScience