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Economy bY spacE

Project description

Space technology to promote econometric and epidemiologic forecasting

Space technology has proven extremely beneficial in advancing other fields such as artificial intelligence (AI) and machine learning (ML), as well as the economy and healthcare-related sectors. This technology allows the monitoring of important parameters, facilitating the efficient research of human-made disasters, health crisis, impacts on the environment and even impacts on the economy. However, the multiple factors observed need to be organised and correlated to macro parameters and different time scales. The EU-funded EYE project will develop a novel prototype service utilising Copernicus data for monitoring and modelling critical parameters to provide effective econometric and epidemiologic nowcasting and forecasting.


Space technology connected with Artificial Intelligence and machine learning techniques is one of the most rapidly developing field of science and also play a key role to control disaster by space like Covid-19 outbreak. While space technologies have been successfully applied to a small number of macroeconomy and heath care related matters over the last decade, there is neither a significant utilization of space elements nor a systematic analysis of needs for space assets in this sector yet.
There are a significant number of indirect parameters observable from space that can be correlated to the impact on the economy of natural, health (including epidemic) and man-made disasters. Classical environment parameters (geographical, climatological and hydrogeological) and man induced impact on the environment (pollution, heat) can be combined with economic parameters of human activities impacted by the epidemic including transportation, industry, and commerce. Specific human activities can be directly correlated with the progression of the diseases i.e. increase of heat delivered by crematorium in the affected areas as well as in the dwelling areas due to lock-down restrictions.
All these “observed parameters” need to be correlated to macro parameters related to the progress of the epidemic and its impact of the of the infection to the economy at different scales. At medium- and long-term time scale, this methodology enables the near real-time monitoring of macroeconomic parameters during the recovery phase following the end of the emergency outbreak.
The project EYE intends to propose a prototype service based on Copernicus data, automatic image processing supported by artificial intelligence integrated with modelling and statistic and geospatial data into an IT platform able to provide econometric and epidemiologic nowcasting and forecasting data.


Net EU contribution
€ 289 800,00
00012 Guidonia Montecelio Rm

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The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Centro (IT) Lazio Roma
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Total cost
€ 289 800,00

Participants (11)