Project description
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.
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 (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences sociology industrial relations automation
- social sciences economics and business business and management business models
- social sciences economics and business economics production economics productivity
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
28003 Madrid
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.