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Innovative digital platform based on machine learning to analyze large databases, aggregate them and provide results to questions made in natural language.

Project description

A pioneering customisable data analytics platform handles Big Data in all kinds of use cases

The era of Big Data presents both tremendous opportunities and significant challenges – the potential to leverage greater insight for business decision-making and the difficulty in developing the algorithms necessary to do this in so many varied applications. The Italian SME INNAAS has developed a technology platform, INNAAS Fast-AI Platform, which will help enterprises quickly deploy custom-made AI-driven digital services for a virtually limitless range of real-time business analytics use cases. The EU-funded PerformB project is supporting the team in bringing their pioneering enterprise software to market to maximise performance and business outcomes.

Objective

Inclusive and sustainable industrial development is the primary source of income generation, allows for rapid and sustained increases in living standards for all people, and provides the technological solutions to environmentally sound industrialization. Without technology and innovation, industrialisation will not happen, and without industrialisation, development will not happen. Artificial Intelligence can be considered as the driving force of today’s industrial process and of development in general. SMEs that engage in industrial processing and manufacturing are the most critical for the early stages of industrialisation and are typically the largest job creators. They make up over 90 per cent of business worldwide and account for between 50-60 per cent of employment. However, in EU, AI has not been widely adopted by SMEs for many reasons:

INNAAS has identified an Enterprise Software market’s niche currently not covered by traditional Analytics and Business Intelligence Software Vendors: fast deployment of end-to-end Artificial Intelligence (AI) Services for small and medium enterprises. These solutions could be used for instantly deployment of data-driven services that improve process and people’s daily routine: from sales support to diseases monitoring leveraging insights prediction and insights generation across a wide range of business processes.

INNAAS have developed an end-to-end technology platform (INNAAS Fast-AI Platform) that enables Enterprises to quickly deploy turn-key Artificial Intelligence-driven digital services. The potential use cases of the platform are multiple and range from the national spending review control to the smart mobility and Industry 4.0. Among the different applications targeted by our AI-driven services, the key solution is PerformB, a revolutionary platform that enables AI to deliver the right information at the right time to maximize Performance and Business Outcome like no other solution on the market.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

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.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

INNAAS SRL
Net EU contribution

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.

€ 50 000,00
Address
VIA PANAMA 52
00198 ROMA
Italy

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Centro (IT) Lazio Roma
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 71 429,00
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