"Overall impact of SmartX project on ConnectPoint has not changed in terms of strategy stated in the grant agreement - to deliver innovative, real time and reliable data acquisition and control software solutions for energy industry. SmartX project realization will have significant impact on ConnectPoint development, quadrupling its revenue and tripling current headcount within 3 years after launch.
The target group of customers changed but socio-economic impact and societal implications are unchanged - SmartX, thanks to better information management, allows to optimize electricity consumption, by integration of disparate smart home solutions. In order to make the project economically viable, the primary customer group changed, but the long-term goal is still building ""Internet of electricity"", where information is the key factor. The new target groups of customers stem from adjustment initial idea to the market conditions identified in the Phase 1 and aim at maximization the probability of successful commercialization of SmartX. Additional B2B offering for power generation, will allow to optimize operational performance, what may help customers to reach the technological and environmental challenges ahead of them.
SmartX addresses the markets which are usually in early stage of development, with no clear leaders and lots of small players. The unique feature set and abilities to integrate with existing products will allow it to compete in the mainstream areas (power generation) and its flexibility will create an opportunity to address future, undiscovered opportunities in operational data integration (e.g. energy storages).
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