Abstract
Digitalization is an important evolution for the aviation industry. Implementation into the new technologies has many benefits such as reducing a company’s overall costs and increasing revenue. In this manner, the report “Digital Transformation Monitor, Industry 4.0 in Aeronautics: IoT Applications” was released in June 2017 by the European Commission. In accordance with the mentioned report, in the aviation industry, the expected impact of digitalization is a reduction of - 3.7% in costs and an increase of + 2.7% in revenue annually (EC, 2017). Emphasizing the huge budgets of the aviation industry these percentages mean a lot in the name of savings. So, it can be said that digitalization is rapidly impacting the manufacturing world in the aviation industry and it will continue do so.