Periodic Reporting for period 1 - FieldTwin (First centralized data platform for efficient and collaborative development of offshore energy projects)
Reporting period: 2019-08-01 to 2019-11-30
2. A roadmap to market including a detailed technical development plan was established. A 24 month project of 5 work packages has been defined for a total budget of €2.7M
3. Market analysis of key sectors, market trends and TAMSAMSOM potential has been defined.
4. Financial analysis has demonstrated the need for further funding to support the development project but with a highly profitable outcome from new verticals of €15m additional revenue by 2025 (40% of total fieldtwin) and an ROI of 6.5.
5. Business plan has been defined with detailed commercial strategy and growth plan.