Over the last months Activity Stream has conducted a feasibility study, performed with the support of H2020-EIC-SMEInst-2018-2020 (H2020-SMEInst-2018-2020-1. THe work included validation of the technical, commercial and financial feasibility of our innovation project.
Activity Stream's innovation is aimed at a huge business problem that is relevant to all industries: The complexity and high startup costs involved in implementing data analytics and intelligence.
In spite of the evident benefits of data analytics, most companies do not have the deep pockets nor the skills required to become data driven. First, they must collect data, clean, integrate and enrich the data, analyse it and then present relevant information to their users, preferably in real time. To do so is still extremely difficult for most companies. Moreover, dashboards developed in-house are commonly highly specific to certain types of data or tasks and are therefore rarely reusable. Data remains deeply fragmented and interoperability is low, even within tightly knit industries. Accordingly, data sharing and collaboration is still in its infancy. Data remains an underutilized resource and real time intelligence is only available to a select few, out of reach for most SMEs.
Our goal is to solve this problem, industry by industry. We are offering a turnkey intelligence solution with data exchange potential, designed to provide ecosystem support.
There is huge value potential for society in better and more responsible use of data. This value is realized differently in each industry, and therefore we focus on one industry in the start. The Live Entertainment and Sports industry is a part of the Experience Economy and is growing fast. We have confirmed the need by conducting interviews, looking at industry statistics and engaging in industry events. By helping the Live Entertainment and Sports industry become more effective in serving their customers and more efficient in their operations we will help them create value for society. Shared cultural or sports related experiences have been proven to increase social cohesion, inclusion and well-being.
Our objective is to roll-out our solution to thousands of users in the Live Entertainment and Sports sector and to start making it available for selected new industries over the next years.