Periodic Reporting for period 1 - Pythia (Artificial Intelligence to predict and control the behavior even in the most complex industrial processes)
Okres sprawozdawczy: 2019-07-01 do 2019-09-30
The fundamentally new mathematical model behind our innovation, Pythia, and its easy integration, make it universal to any machine and factory (e.g. paper, steel, chemical, pharma). Nevertheless, to build a proof-of-concept system we started with the process-break-prone paper producing industry. The overall objectives of the Pythia project, to reproducible guarantee effective break prevention with 90% justification accuracy, 30 minutes ahead of time, have been determined to be: 1) development of features for Pythia usability (i.e. data connectors, integration, user interface and application platform); 2) core Pythia technology development and optimisation (i.e. counteracting, automatic model adaption and missing and faulty data detection); 3) external validation of Pythia with pilot partners in paper and steel manufacturing; and 4) effective deployment and execution of our commercialisation, communication and dissemination strategies.
Commercial: the paper and steel manufacturing markets were analysed in line with Internet of Things and predictive maintenance market trends. Our strategy and business model was assessed within this market, whilst taking into account the competitor landscape. This has allowed us to determine realistic commercialisation, communication and dissemination strategies, tailored specifically to the manufacturing industry market.
IP and Legal: we thoroughly analysed the IP landscape, which showed that the Pythia project will not infringe any IPR and we are therefore free to operate globally. Steps towards protecting our IP through several software IP safeguarding mechanisms (e.g. licensing code, obfuscation and native compiling language selection) have been outlined, with preparations made for exploring future patenting options.
Financial: we assessed the investment/resources needs for Pythia’s development and full market launch by Q1-2022, as well as quantified the expected profitability and payback period of the project. We confirmed financial projections to 2025, allowing us to cement a viable business plan, ensuring the profitability and high ROI of Pythia.
Pythia’s capabilities will deliver a positive impact on the economy, the environment and society by: 1) catalysing significant predictive maintenance market growth, surpassing current forecasts; 2) maximising process and resource efficiency indiscriminately across a multitude of industries and sectors, with potentially trillions in savings; 3) forcing the manufacturing industry to digitalise to improve the efficiency of operations to remain competitive in line with climate protection, and thus secure a significant boost in terms of societal favour and support.