Summary
The goal of this innovation project is to add value to digital engineering tools - inc. project management, product data management (PDM) and product lifecycle management (PLM) - by applying Net AI and providing a solution that allows companies to automatically monitor, analyse and learn from the evolving structure and content of their digital files. The product is referred to herein as Insight. Through the provision of an affordable solution that integrates market disrupting technologies of cloud computing and Artificial Intelligence combined with first-to-market capability, we aim to establish a market leading position for the monitoring and improved management of engineering and construction projects. The objectives of the overall innovation project are: 1) conduct a feasibility study focusing on technical and market knowledge acquisition supported by robust assessment of financial feasibility; 2) develop Insight - a cloud-based suite of modules built on our evolving intellectual property of Net AI; 3) bring Insight to a robust minimum viable product; 4) introduce Insight to the EU and global markets; 5) demonstrate effectiveness and cost-savings through achievement of €10M sales by 2023; and 6) leverage successful EU commercialisation to achieve €20M revenue by 2026.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/887708 |
| Start date: | 01-01-2020 |
| End date: | 30-06-2020 |
| Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
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Original description
The goal of this innovation project is to add value to digital engineering tools - inc. project management, product data management (PDM) and product lifecycle management (PLM) - by applying Net AI and providing a solution that allows companies to automatically monitor, analyse and learn from the evolving structure and content of their digital files. The product is referred to herein as Insight. Through the provision of an affordable solution that integrates market disrupting technologies of cloud computing and Artificial Intelligence combined with first-to-market capability, we aim to establish a market leading position for the monitoring and improved management of engineering and construction projects. The objectives of the overall innovation project are: 1) conduct a feasibility study focusing on technical and market knowledge acquisition supported by robust assessment of financial feasibility; 2) develop Insight - a cloud-based suite of modules built on our evolving intellectual property of Net AI; 3) bring Insight to a robust minimum viable product; 4) introduce Insight to the EU and global markets; 5) demonstrate effectiveness and cost-savings through achievement of €10M sales by 2023; and 6) leverage successful EU commercialisation to achieve €20M revenue by 2026.Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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