Project description
The digital twin platform for product development and supply chains
EU-funded MAKERSITE is a disruptive data platform that uses AI to connect and enrich cross-departmental data into live models for analysis, collaboration and decision support. It is used by manufacturing companies with complex supply chains that want to accelerate product development, build resilience or reduce costs. Digital twins enable teams to evaluate impacts of real-world changes on their business, 100 times faster. Effects of supply disruptions, regulations or product changes can be understood simultaneously from different perspectives including sustainability, compliance, costs and risks. With AI support, teams can collaboratively identify optimal mitigation strategies and new opportunities in real-time, and ultimately make better products, faster.
Objective
Makersite helps to solve the Compliance – Cost – Sustainability problem for products and their supply chains in a single integrated platform. It creates “digital twins” of products and automatically connects both internal and external data to it. These include live cost, supplier, regulation & environmental data sources, making the platform the largest product information repository of its kind. The digital twins serve as comprehensive and live models that teams can collaborate around. Product teams can use the data and the applications to quickly explore and improve the performance of different product configurations by leveraging millions of data points. This allows teams to instantly analyze the impacts and risks of any change to the product.
Fields of science
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
80639 MUNCHEN
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.