Project description
Business intelligence for the energy sector
Highly volatile and unpredictable, the energy market (oil, gas and renewable energy) may respond positively to new methodologies. For instance, Big Data analytics can lead to more accurate projections of the energy sector. In this context, the EU-funded PAWES project will develop innovations that allow to set up energy indicators based on publicly available information. PAWES will consider the accuracy and reliability of the information provided, as well as the reduced delays in delivering them. The project is coordinated by France’s Kayrros, an information provider within the business intelligence market for the energy sector. With the services developed through PAWES, it will be able to support trading activities and strategic investments and address a wide range of stakeholders such as oil companies, commodity department of investment banks, oil trading companies, refineries, or equity funds, hedge funds and energy-intensive industries.
Objective
The context in the energy sectors is particularly favourable to adopting new methodologies, especially in view of the arising opportunities and developing knows-how in big data analytics, in order to answer the constant need for more accurate projections of the energy sector’s perspectives (Oil & Gas and renewable energy as well). Kayrros offers services radically different from the technologies currently used in the energy sector and the Fintech applied to energy markets. The novelty of Kayrros’s approach is mainly related to technological innovations. These innovations allow to set up energy indicators solely based on publicly available information, possibly charged but available to anyone. Kayrros has thus developed alternative methods to bypass the lack of relevant straightforward information. The accuracy and reliability of the information provided, as well as the reduced delays to deliver them, are at the core of Kayrros business model. As an information provider, Kayrros is part of the Business intelligence (BI) market for the energy sector. Its services aim to support trading activities and strategic investments, and address a wide range of stakeholders such as oil companies, commodity department of investment banks, oil trading companies, refineries, or equity funds, hedge funds, energy intensive industries, etc. With this SME Instrument project, Kayrros’ ambition is to boost the development of the company so as to become a worldwide leader in the business intelligence for the energy sector. The project will result for Kayrros in 50 m€ of increased revenues by 2021 and 87 job creations.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology environmental engineering energy and fuels renewable energy
- engineering and technology mechanical engineering vehicle engineering aerospace engineering satellite technology
- natural sciences computer and information sciences data science big data
- natural sciences computer and information sciences data science business intelligence
- natural sciences mathematics applied mathematics mathematical model
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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.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-EIC-SMEInst-2018-2020
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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.
75008 PARIS
France
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.