Periodic Reporting for period 1 - SARIDAS (SARIDAS: Saratoga Integrated Dental Simulation Platform)
Período documentado: 2019-08-01 hasta 2019-11-30
Saridas addresses the need for a better dental simulation device that offers a wider range of capabilities to prepare better trained dentists. Implementing our system will allow universities to require fewer teachers to train the same number of students while simultaneously improving student learning using augmented reality, artificial intelligence, and a rating system that evaluates their performance of dental exercises. The main objectives were: establish a work plan that address all the technical and commercial steps envisioned for the project, analyse the market and develop strategy to commercialise our product based on this, and develop a business plan and financial projections that show the viability of Saridas.
We have continued working on developing the algorithms required for integrating augmented reality and artificial intelligence into our simulation unit. To this end, we have hired 1 additional software developer and have plans to hire 1 more in the coming months. We have also established connections with universities interested in carrying out the tests of our system once finalised. We have identified the market for our potential end-users in our target countries of interest, and have developed a strategy to cover them in 4 geographically distinct phases, while also establishing a sales strategy. Based on this, we have prepared a business plan and our financial projections show the project is profitable, providing an accumulated profit of €4.1 million by 2027.
Saridas considerably improves the dental education landscape by integrating augmented reality, providing immediate tactile feedback, using sensors to detect handpiece location, and using and advanced software that provides a score of student performance. Additionally, we are developing a cloud artificial intelligence software to connect all global users of Saridas, sharing procedures to practice on and including predictive technology for procedures not yet included in the library of exercises. This will be highly beneficial to both universities and students: universities will not require as many instructors for training students, since the system has exercises and rates their performance, reducing costs and allowing the universities to allocate teacher efforts differently; students will train as part of an interconnected system that objectively evaluates their improvement over time, yielding very highly skilled dental professionals, ultimately with strong benefits for all patients.