In 1 year GigaFare has developed a platform that is already ahead of its two international competitors and has generated significant interest from airlines.
GigaFare is developing a B2B platform that combines publicly available data and machine learning, introducing an algorithmic trading approach to airfare pricing. The platform can highlight competitors pricing strategies, clusters of anomalies, predict tomorrow's prices, amongst others. These features allow airlines to react quicker to competitors and could increase revenues by 3%. GigaFare will charge a software license fee per route.