Project description DEENESFRITPL A disruptive platform changing how SMEs conduct business The digital era is here, and it is transforming the society we live in. Most companies understand the urgency of digital adoption, but for many, the process is challenging due to associated costs, the time it involves, its complexity and the need of highly specialised people to be successful. UGROUND has created a high-productivity platform that allows companies to digitalise operations and business processes end-to-end, across the company. This model-driven platform provides tools for fast transient operations to process-oriented design, high performance, scalability and low cost. Via this platform, the EU-funded UDIGITAL project aims to lead and support the digitalisation of European SMEs and create a new digital paradigm that highlights the value of digital transformation. Show the project objective Hide the project objective Objective Digital Transformation is the complete transition of the business activities of a company to the digital realm. Thus, during 2017, over 80% of enterprises spent an average of 44% of their IT budget in their digital transformation. However, 84% of companies fail at this challenge since the current approach to digital application development is expensive, complex, time-consuming and fragile. On top of that, SMEs also face budget constraints, legacy system issues, and limited availability of skilled employees. But UGROUND, due to the use of semantic engineering, has created a high productivity platform- patented in the USA- that provides total flexibility and enables SMEs to innovate very quickly and at a low cost. UDIGITAL is its cloud environment, where integrators will have access to our semantic engine (which interprets and proccess human knowledge), and to several different business model framework for each target market, addressing the specific needs of SMEs in those niches. Key straightforward benefits of our solution are: increase company competitiveness, including a 400% reduction of the development costs % (operation and programming times) and up to a 60% of the development effort (man hours and programming skills). As a result, the digital transformation investment ROI is less than one year. As it has been proved in our current clients our technology is able to increase over 99.5% the operational efficiency, and reduce up to 350,000 man hours.UDIGITAL is focused in supporting SMEs, which have an actual problem at digital transformation due to lack of internal expertise or limited resources to buy expensive platforms. Through this project, we aimto reach over 4000 clients, targeting sectors such as legal and consultancy services, manufacturing, human resources and construction (our primary markets) in 3 years, generating revenues of €300M by 2022. Fields of science social sciencessociologyindustrial relationsautomationsocial scienceseconomics and businessbusiness and managementbusiness modelssocial scienceseconomics and businesseconomicsproduction economicsproductivity Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-1 Funding Scheme SME-1 - SME instrument phase 1 Coordinator UGROUND GLOBAL SL Net EU contribution € 50 000,00 Address Calle guzman el bueno 133 8 iz edif britannia 28003 Madrid Spain See on map Region Comunidad de Madrid Comunidad de Madrid Madrid Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00
