Periodic Reporting for period 1 - Sound Health (Acoustic Intelligence and AI, the Next Frontier. Listen, detect, predict.)
Periodo di rendicontazione: 2019-02-01 al 2019-05-31
Value proposition: Increase overall equipment effectiveness (OEE), Reduce maintenance cost, Reduce manufacturing time, Compatibility with all types of machines, for any industry and any age (old and new ones), Easy and quick to install, setup and operate.
COMMERCIAL: Analyzed 1) target market: Industry 4.0 2) Key success factors, 3) Customers, 4) Competition. Also 6) developed go to market strategy: defined business model, overall strategy, price strategy, scalability, internationalization and willingness to pay of clients, 7) defined risks and mitigation plan, and 8) Assured freedom to operate through patent analysis in the state of the art; and established patent strategy.
FINANCIAL: 1) Forecasted P&L until 2023. 2) Defined financial needs and defined financial risks and mitigation.
We expect to achieve 383 factories monitored in 2023, with an average of 200 machines per plant (76.600 monitored assets); with a total headcount of 250 employees.
SOCIAL: There are around 2,1M enterprises in Europe classified as Manufacturing, employing more than 29,9M people. Sound Health project will contribute firmly to the adoption of Industry 4.0 paradigm in Europe.