Periodic Reporting for period 1 - OZeye (Developing Computer Vision and Artificial Intelligence for best-quality and cost-effective live sports production and distribution)
Berichtszeitraum: 2018-11-01 bis 2019-02-28
OZeye studio cuts 97% of production and broadcasting cost of making live football games available to football leagues that need exposure, wider support and involvement of the segment of society that loves and follows football. Using the OZ platform’s unique revenue share model helps footbal clubs with opportunities to advance their players in exchange for transfer fees and earn larger revenues to provide better facilities and training opportunities for their members. Fans far outnumber the people who attend live football games in person. OZ’s advanced broadcasting platform have made it possible for football games to be streamed to an increasing variety of devices, anywhere and anytime. OZ creates a stadium like environment where fans can experience similar level of camaraderie that spectators do during live matches in a stadium. Leagues recognize that they produce the content for their fans and fans long to get involved in their teams sporting lives and wellbeing. The OZ platform brings both sides together.
To complete this business vision, OZ Sports needs to advance its Artificial Intelligence (AI) and Augmented Reality (AR) capabilities to create the value-adding offer for the leagues and clubs, and the immersive online communities for the football fans. The project will also leverage its desire to serve more customers by scaling its infrastructure and standardising its published content.
Commercial Feasibility defined our core customer groups as footballing organizations, fans and sponsors. Each of these will directly benefit from the technical advancement we plan to complete above. Existing business model foresees supply of our Production System at our cost, which will be immediately recoupled from the paid involvement of our fans and sponsors. Once we have recovered the initial investment, we’ll enter into an automatic 50:50 revenue sharing model with our partner leagues and clubs. Our initial markets include Germany, France, UK, Italy and Spain. Having a very strong partner in the footballing world we will aim to expand right across Europe within 3 years of commercializing this project. The dynamic nature of our technology is very fluid and does away with the need to aggressively apply for patents. The operating paradigm is one of continuous innovation and not defensive protection. With new technological breakthroughs being common in the environment of the Open Source, we will will not pursue robust patenting strategies. However, our current FTO/IPR analysis has not demonstrated any patents that would display a level of similarity to close to our innovation.
We carried out a Financial Feasibility to test our business model and its potential to generate revenues that would justify our investment of time and capital, including potential funds potentially obtained under EC’s H2020 SME Instrument. While our study took account of the most conservative revenue streams, we know that we will pursue other realistic avenues of additional income.
OZ and its technology are disrupting this production and broadcasting paradigm because it relies on AI to produce the game at a significant reduction in cost, and it depends on the latest AR developments to create a sport viewing experience within a context of an online community that draws fans. The technology does not attract just the viewers’ eyeballs but provides and engrossing experience and immersive community of fans that share their football passion around their favourite teams.
OZ cleverly blends the input of advanced technologies to remove the need for intense game production and provides varied opportunities for football fan specialists to contribute unique content that creates human interest in the game and unites fans in a private online stadium environment. The embedded AI/AR processes directly connect clubs and players with their fans and sponsors, all of whom have an opportunity for financial gain