HIBOO, the data platform to visualize and predict the industrial world

Informazioni relative al progetto

HIBOO

ID dell’accordo di sovvenzione: 867334

DOI

10.3030/867334

Progetto chiuso

Data della firma CE 24 Maggio 2019

Data di avvio 1 Maggio 2019

Data di completamento 31 Agosto 2019

Finanziato da

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Costo totale

€ 71 429,00

Contributo UE

€ 50 000,00

Coordinato da

HIBOO SYSTEMS SAS
France

Periodic Reporting for period 1 - HIBOO (HIBOO, the data platform to visualize and predict the industrial world)

Periodo di rendicontazione: 2019-05-01 al 2019-08-31

Sintesi del contesto e degli obiettivi generali del progetto

An estimated 90% of construction projects overrun on their planned budgets. For the largest projects even a 1% overrun can amount to €millions in project losses. Up to 40% of construction budgets can be attributed to equipment costs. As such, asset management solutions are critical to managing capital and operational efficiency on projects. Key challenges in asset management are preventing downtime, optimizing maintenance workflows, optimizing fuel efficiency and optimizing deployment & distribution. Hiboo is cloud-based real-time & predictive construction asset management solution. With hiboo, the entire fleet is captured, monitored and intelligently managed under a single platform, with insights shared between key partners in real time delivering full transparency across the value chain. Hiboo´s predictive maintenance solution is based on machine learning models and artificial intelligence with the overall objective of eliminating costly downtime incidents from construction projects

Lavoro eseguito dall’inizio del progetto fino alla fine del periodo coperto dalla relazione e principali risultati finora ottenuti

Hiboo have conducted three crucial feasibility assessment tasks:
Technical: Development of a complete project execution plan, with work packages, budget estimate and risk assessment. Full development planning for the Lapone data collection module
Commercial: market and regulatory analysis with a commercial plan and European exploitation strategy.
Financial: Assesment of total funding requirements with forecasted P&L evaluation. Final business plan.

Progressi oltre lo stato dell’arte e potenziale impatto previsto (incluso l’impatto socioeconomico e le implicazioni sociali più ampie del progetto fino ad ora)

The market state of the art is limited by either low depth of analytics (locations and running time only), inability to link unpowered assets, insights limited to post-fact reporting and fragmented data pool (insight limited to specific manufacturers & brands). Hiboo delivers the solution to all of these limitations in a single platform, linking all assets, agnostic to power supply, manufacturer, location or whether owned or rented. Hiboo is the complete mixed-fleet solution and is crucially the first such platform to offer predictive insight into maintenance planning and downtime prevention. The economic benefits of idle time reduction alone are estimated at over €800 per week, per asset for common heavy machinery (€42m saving annually for a fleet of 1000 assets!). The additional reduction in associated emissions (1kg CO2 /asset/25mins idle time prevented) further compounds the overall value addition of Hibbo to the construction market.

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