Summary
Industrial Internet of Things (IIoT) has started generating massive amounts of insightful data. In 10 years, this should increase the performance of manufacturing processes by up to 20%, extend machines lives by up to 50%, and increase their profits. Today however, the vast majority of business users in industrial companies still don’t have the insights they need to make better decisions. Millions of business users are provided with only 20% of the insights they need, at best, leading to a gigantic decision-making bottleneck. With 20% Insights Rate (IR), organizations miss critical business opportunities. Meanwhile, Gartner predicted Augmented Analytics (AA) will be the future in the Business Intelligence and Analytics market by 2021.
AA solutions are developing Artificial Intelligence (AI) to automate insights production but insights produced by robots are hard to trust by business users.
Vize Software (Vize S.) on the other side uses AI to assist business users through recommendations. The company has developed the first AI-powered platform smart enough to reason like a data expert and guides the business user with contextual recommendations. It enables to reach 80% IR. This innovation has been recognized by the most prestigious start-up accelerator Y Combinator, supporting the 1.5% top technology entrepreneur.
Since 2014, Vize S. has secured a total of €3.252M and built a team with expertise in AI, software development and manufacturing analytics. After 4 years of development, market is validated and Vize S. is now ready for industrializing its innovation into an enterprise-grade platform: InsightWhisper and become the next No1 leader of BI&A.
In this context, INVIOO project will provide a first-mover advantage and make Vize S. ready for the AA battle in 2021. Focusing on the industrial segment (€6Bn immediate market), INVIOO will accelerate the go to market and help accessing enterprise-wide deployment to establish leadership position, one use case at a time.
AA solutions are developing Artificial Intelligence (AI) to automate insights production but insights produced by robots are hard to trust by business users.
Vize Software (Vize S.) on the other side uses AI to assist business users through recommendations. The company has developed the first AI-powered platform smart enough to reason like a data expert and guides the business user with contextual recommendations. It enables to reach 80% IR. This innovation has been recognized by the most prestigious start-up accelerator Y Combinator, supporting the 1.5% top technology entrepreneur.
Since 2014, Vize S. has secured a total of €3.252M and built a team with expertise in AI, software development and manufacturing analytics. After 4 years of development, market is validated and Vize S. is now ready for industrializing its innovation into an enterprise-grade platform: InsightWhisper and become the next No1 leader of BI&A.
In this context, INVIOO project will provide a first-mover advantage and make Vize S. ready for the AA battle in 2021. Focusing on the industrial segment (€6Bn immediate market), INVIOO will accelerate the go to market and help accessing enterprise-wide deployment to establish leadership position, one use case at a time.
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| Web resources: | https://cordis.europa.eu/project/id/850221 |
| Start date: | 01-03-2019 |
| End date: | 28-02-2021 |
| Total budget - Public funding: | 2 704 125,00 Euro - 1 892 887,00 Euro |
Cordis data
Original description
Industrial Internet of Things (IIoT) has started generating massive amounts of insightful data. In 10 years, this should increase the performance of manufacturing processes by up to 20%, extend machines lives by up to 50%, and increase their profits. Today however, the vast majority of business users in industrial companies still don’t have the insights they need to make better decisions. Millions of business users are provided with only 20% of the insights they need, at best, leading to a gigantic decision-making bottleneck. With 20% Insights Rate (IR), organizations miss critical business opportunities. Meanwhile, Gartner predicted Augmented Analytics (AA) will be the future in the Business Intelligence and Analytics market by 2021.AA solutions are developing Artificial Intelligence (AI) to automate insights production but insights produced by robots are hard to trust by business users.
Vize Software (Vize S.) on the other side uses AI to assist business users through recommendations. The company has developed the first AI-powered platform smart enough to reason like a data expert and guides the business user with contextual recommendations. It enables to reach 80% IR. This innovation has been recognized by the most prestigious start-up accelerator Y Combinator, supporting the 1.5% top technology entrepreneur.
Since 2014, Vize S. has secured a total of €3.252M and built a team with expertise in AI, software development and manufacturing analytics. After 4 years of development, market is validated and Vize S. is now ready for industrializing its innovation into an enterprise-grade platform: InsightWhisper and become the next No1 leader of BI&A.
In this context, INVIOO project will provide a first-mover advantage and make Vize S. ready for the AA battle in 2021. Focusing on the industrial segment (€6Bn immediate market), INVIOO will accelerate the go to market and help accessing enterprise-wide deployment to establish leadership position, one use case at a time.
Status
CLOSEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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