The paper "SAFE System for Toronto Pearson Airport " is a perfect example of a finance and accounting case study. The level of technological advancement over the years has its effect on various business units. In the last two decades, the aviation sector has tried to adapt to these technological changes. The industry has been faced with new security threats such as terrorism, an increased number of passengers, and illegal practices such as smuggling and theft. The fact that the perpetrators of this front use advanced technology have brought in the need for airports to improve their systems.
For instance, The San Francisco Airport currently uses the physical identity and access management system (PIAM). This outdated system has been used since its inception and has had minimum improvement. Apart from limiting efficiency, the system is prone to security threats. This necessitates the need for an improved system in SFO. Quantum Secure offers the answer to the problems of SFO. Through the SAFE system, the airport can improve its efficiency; maintain user-authentication while also ensuring the absolute safety of the airport and its users.
This report analyses the return of investment for the airport in the next five subsequent years and uses the results obtained to justify the need for the airport to undertake this venture. Purpose In business, efficiency and effectiveness are vital for growth. Effective In the aviation business, the key lies within having an efficient, effective, and secure operating system. Thus, the objective is to access and calculate the costs arising from the installation of the SAFE system and illustrate the financial and logistical benefits of the regime to the airport.
This will include the use of empirical data to estimate and make assumptions on turnover rates and the metrics for investment justification. Background The SFO serves approximately 100,000 passengers annually and depends on the operating system of the airport for ticketing, security checks, and baggage claim. In addition, thousands of tenants, vendors, third party contractors, and airline personnel need the day-to-day access to the airport. This creates the problem of inefficiency in service and poses a threat to the reliability of the Airport. The increasing security threats to the aviation sector also have necessitated the need to increase compliance with safety measures in place (Bennett and De Serio, 2017).
The assistant deputy director of Aviation Kim Dickie came up with a solution to solve the challenges facing the airport.
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