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INVIOO – data-driven decision-making apps for everyon

Periodic Reporting for period 1 - INVIOO (INVIOO – data-driven decision-making apps for everyon)

Reporting period: 2019-03-01 to 2020-02-29

Data-driven decision-making will create €2500Bn business value. High uncertainty and slower growth have already forced industrial businesses to make the most obvious changes to squeeze every asset for maximum value. The next asset they have to leverage is their data.
According to Gartner, using data for decision-making would create an astounding €2500 billion in business value. In that Business Intelligence context, the last big move is named Augmented Analytics. Indeed, Augmented analytics platforms are using Artificial Intelligence and Machine Learning, to automate tasks that previously required data expert skills. According to Gartner, Augmented Analytics is the next fundamental trend that will bring self-service analytics to business users.

Today, only 20% of the insights needed are produced. The main problem is that only data experts (IT, data analysts, data scientists) can produce the insights business users (engineers, technicians, managers, etc.) need. This creates a gigantic decision-making bottleneck with a current limit of 20% Insight Rate (IR).

Anasen is the only company that will provide an 80% IR. Founded in 2014, Anasen will enter the market with a unique innovation: an AI-powered platform smart enough to reason like a data expert and guide casual business users with contextual recommendations. As a result, any regular business user can produce their own insights, when they need it, leading to an unprecedented 80% Insight Rate.

By today, our innovation allows any business user, without advanced data skills or training, to produce insights from data himself, an unseen feature in the current competitive landscape.
Funded by the European Commission under grant agreement No 850221, INVIOO project aims at industrializing this innovation.
The output of the project will be an enterprise-grade platform that will be commercialized by early 2021 allowing business users to build and share Apps by themselves and therefore re-use and share insights for day-to-day decision making.
Project INVIOO was started in March 2019 and will last for 24 months. The main activities carried out during the first year of the project towards industrialization and go to market have been:
-Growing the development team with 7 new hires ;
-Developing a first version of the Apps platform to enable apps production and sharing;
-Industrializing the platform delivery: definition, development, automation of processes supporting the application deployment;
-Refining the market positioning and messaging;
-Defining a short term marketing plan;
-Having several meetings to nurture leads (+150h of meetings);
-Engaging actions within our outbound strategy to increase awareness (200 new leads have been reached since the project kicked-off);
Current script-based tools shows the following limitations:
Script-based tools (Alteryx, Rapidminer, Tableau Prep, Dataiku, Trifacta) allow users to create a script but never through real exploration. With these tools, the user builds an analysis step by step and has to define what input/output passes from one step to another. This means users must know what they want, which is never the case. As a consequence, users keep switching between exploration tools and script-based tools.
Scripts that are produced with those tools can’t be customized by users, they need IT or data scientists.
The UI/UX also needs to be produced by IT or data scientists.

During the first period, we developed a unique smart capture module leveraging 3 key innovations.
1. The module allows modeling all the information required for building apps directly from user’s exploration and data analysis and makes it human readable as an “App recipe”
2. Users can come back to the recipe and change the settings regarding the behavior of the final app. For instance, ask the final user for input.
3. It integrates a by-design error handling mechanism that makes Apps robust to new data.

The apps building and sharing platform reached an intermediary release after the first year of the project. Until project completion, it will be ready for market launch as expected.

Thanks to the commercialization plan developed and pre-commercialization implemented during the project INVIOO, Anasen will be in a leading position to reach the Augmented Analytics market.