Periodic Reporting for period 1 - TreeVoice (Artificial Intelligence and IoT for tree health monitoring)
Reporting period: 2018-10-01 to 2019-03-31
The objective of this project is to validate the the innovative concept behind the TREEVOICE from a Business and Technical perspective through a campaign of field pilot installations performed on real customers. Thanks to this validation, Treevoice wants to consolidate the Business Model of the company, refine the technology of the sensor unit and empower the existing predictive and prescriptive maintenance algorithms.
Treevoice Srl aims now to achieve full maturity for the TREEVOICE system, and is willing to perform a validation project to achieve TRL 9 in 2022 from the current TRL7.
1. we installed 120 new units in a field testing campaign that allowed us to reach TRL7 stage for our services and algorithms.
2. we produced a final industrial design for the 3.0v of the sensor unit, and consolidated the Supply Chain for the pre-industrial prototype
3. we finalized the study of the business model behind the TREEVOICE product and services, quantified the pricing of the solution, license, and costs to maintain the operations
4. we produced a Business Plan, empowered competitor analysis, defined a go-to-market strategy with a 5-year Profit&Loss forecast and produced a SWOT analysis;
5. we have drafted a Phase 2 (PH2) project plan and budget;
We plan to accelerate our plan to reach the market and achieve TRL9 by 2022 presenting an application for a SME Instruament Phase 2 funding over a 2-years project with a total budget of 1.927.875€
The feasibility study conducted during the Phase 1 project showed how the system could:
- Provide a technological alternative to the current gold standard practice used in tree maintenance and protection, and ultimately reduce direct costs
- Be able to assess a fall prediction index for each monitored tree and produce meaningful alerts that were confirmed by on-site inspection, assessing the accuracy of the approach and algorithm
- Be able to assess the need for pruning in a preventive way, reducing the need for visual inspection and personnel costs
- Assess potential damage to urban infrastructures by applying the same algorithms and technologies to assets different from trees, demonstrating the versatility of the product