Objective
The problem: As e-commerce grows in size and complexity, there will be a real need for a global standard identification system for products being sold online. Nowadays, too many resources are wasted on asset distribution from brands to e-tailers. Brands currently distribute product images and information for official e-tailers via email, ftp sharing, and other outdated ways, which makes the process time-consuming. Moreover, brands are currently unable to ensure that their products are presented in a way that reflects their brand’s image. For e-tailers, downloading, uploading and resizing images from brands is a time consuming process.
The solution: Plytix.com is an online platform service that facilitates unmet needs in the current ecommerce model. Our novel platform acts as a central hub for brands and online retailers, introducing a whole new concept in ecommerce – an ecommerce focused, product-centric analytic tool. Unlike other web analytics tools, Plytix tracks product performance (not sites) directly and across websites – thereby bringing more value/insights for each given product. Our analytics tool enables users – brands and e-tailers – to extract valuable insights that allows them to: [i] optimize prices; [ii] detect quality problems; and [iii] optimize inventory to prevent stock-out, etc. In sum, Plytix provides the means for brands and e-tailers to extract large added value from cost savings and new business opportunities.
The market: Since the largest online platforms are some of the biggest companies in the world, one could argue that the online platform business model is the most successful part of the Internet economy. The total exploitable market size for Plytix in the relevant countries (>10,000 brands registered) is above EUR 254 billion per year. The implementation of the innovation project will place Plytix.com ApS in a strong position to exploit a market potential over five years exceeding € 233 million.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- natural sciences computer and information sciences internet
- natural sciences computer and information sciences databases
- social sciences economics and business economics microeconomics
- social sciences economics and business business and management commerce e-commerce
- social sciences economics and business business and management business models
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1361 KOBENHAVN
Denmark
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.