Project description
The future of engineering goes digital
Engineers are going digital, increasingly using advanced technologies to create designs, simulations and 3D models. Keeping up with the latest trends is proving essential in the planning and execution environment. The EU-funded Insight project aims to add value to digital engineering tools (project management, product data management and product lifecycle management) to allow companies to automatically monitor, analyse and learn from the evolving structure and content of their digital files. It will develop a cloud-based suite of modules, disrupting the market of cloud computing and artificial intelligence (AI). The project will be introduced to markets inside and outside the EU.
Objective
The goal of this innovation project is to add value to digital engineering tools - inc. project management, product data management (PDM) and product lifecycle management (PLM) - by applying Net AI and providing a solution that allows companies to automatically monitor, analyse and learn from the evolving structure and content of their digital files. The product is referred to herein as Insight. Through the provision of an affordable solution that integrates market disrupting technologies of cloud computing and Artificial Intelligence combined with first-to-market capability, we aim to establish a market leading position for the monitoring and improved management of engineering and construction projects. The objectives of the overall innovation project are: 1) conduct a feasibility study focusing on technical and market knowledge acquisition supported by robust assessment of financial feasibility; 2) develop Insight - a cloud-based suite of modules built on our evolving intellectual property of Net AI; 3) bring Insight to a robust minimum viable product; 4) introduce Insight to the EU and global markets; 5) demonstrate effectiveness and cost-savings through achievement of €10M sales by 2023; and 6) leverage successful EU commercialisation to achieve €20M revenue by 2026.
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: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
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Programme(s)
Call for proposal
(opens in new window) H2020-EIC-SMEInst-2018-2020
See other projects for this callSub call
H2020-SMEInst-2018-2020-1
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
BA1 3RU Bath
United Kingdom
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.