Project description
An AI-based platform provides business recommendations like a data expert
Industrial Internet of Things (IIoT) has been producing great amounts of insightful data. Within a decade alone, this should boost the manufacturing processes' performance by up to 20 %, also extending machines' lives by up to 50 %, increasing their profits. Anasen, is a company that has developed the first artificial intelligence (AI)-based platform to provide contextual recommendations to business users by leveraging insightful data, assisting decision making. The EU-funded INVIOO project will provide a first-mover advantage and make Anasen ready for the augmented analytics battle in 2021. Focusing on the industrial segment, INVIOO will accelerate the go-to-market and help to access enterprise-wide deployment.
Objective
Industrial Internet of Things (IIoT) has started generating massive amounts of insightful data. In 10 years, this should increase the performance of manufacturing processes by up to 20%, extend machines lives by up to 50%, and increase their profits. Today however, the vast majority of business users in industrial companies still don’t have the insights they need to make better decisions. Millions of business users are provided with only 20% of the insights they need, at best, leading to a gigantic decision-making bottleneck. With 20% Insights Rate (IR), organizations miss critical business opportunities. Meanwhile, Gartner predicted Augmented Analytics (AA) will be the future in the Business Intelligence and Analytics market by 2021.
AA solutions are developing Artificial Intelligence (AI) to automate insights production but insights produced by robots are hard to trust by business users.
Vize Software (Vize S.) on the other side uses AI to assist business users through recommendations. The company has developed the first AI-powered platform smart enough to reason like a data expert and guides the business user with contextual recommendations. It enables to reach 80% IR. This innovation has been recognized by the most prestigious start-up accelerator Y Combinator, supporting the 1.5% top technology entrepreneur.
Since 2014, Vize S. has secured a total of €3.252M and built a team with expertise in AI, software development and manufacturing analytics. After 4 years of development, market is validated and Vize S. is now ready for industrializing its innovation into an enterprise-grade platform: InsightWhisper and become the next No1 leader of BI&A.
In this context, INVIOO project will provide a first-mover advantage and make Vize S. ready for the AA battle in 2021. Focusing on the industrial segment (€6Bn immediate market), INVIOO will accelerate the go to market and help accessing enterprise-wide deployment to establish leadership position, one use case at a time.
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.
- social sciences economics and business business and management entrepreneurship
- social sciences sociology industrial relations automation
- natural sciences computer and information sciences software software development
- natural sciences computer and information sciences data science business intelligence
- natural sciences computer and information sciences artificial intelligence machine learning
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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-2 - SME instrument phase 2
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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.
75002 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.