The Analytics Show

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

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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

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    The Analytics ShowBy Jason Tan
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