Project description
Developing a platform for better use of data
The development and evolution of the Internet of Things (IoT) devices and sensors has resulted in them starting to play an important role in most fields of industry. They generate huge amounts of data that are used mainly for monitoring, but could provide many more benefits and advantages. Unfortunately, those benefits remain largely untapped, as there has not been enough innovation in the field to allow their efficient use. The EU-funded MORE project aims to change this by allowing industries to tap into the many advantages that better use of IoT data could provide. To achieve this, MORE will develop a platform, utilising advanced analytics, edge and cloud computing and modelling techniques for sensor data that allows more accurate predictions and better diagnostic models.
Objective
The widespread use of sensor and IoT devices is generating huge volumes of time series data in various industries like finance, energy, factories, medicine, manufacturing and others. Industries use these data for monitoring, but their main potential is still untapped. Existing techniques and software for time series management do not provide tools sufficiently scalable and sophisticated for managing the huge volumes of data or adequate forecasting, prediction and diagnostics.
MORE will create a platform that will address the technical challenges in time series and stream management, focusing on the RES industry. MORE’s platform will introduce an architecture that combines edge computing and cloud computing to be able to guarantee both responsiveness and provide sophisticated analytics simultaneously. This architecture will be combined with the usage of time series summarization techniques, or as we more accurately term them in MORE, modelling techniques for sensor data. Models are any compressed representations that allow the reconstruction of the original data points of a time series (e.g. a linear function) within a known error-bound (possibly zero). This approach has synergies with the edge computing approach, since summarization can be done at the edge, reducing the load in the whole data processing pipeline.
MORE will introduce advanced analytics tools for prediction, forecasting and diagnostics based on two technological directions: machine learning and pattern extraction, with emphasis to motifs, which is the state-of-the-art for time series. MORE will adjust these techniques to work directly on models of data, thus enabling them to scale beyond state-of-the-art. The ability to ingest huge volumes of data will have an important impact to the accuracy of the prediction and diagnostics models.
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.
- natural sciences computer and information sciences internet internet of things
- natural sciences computer and information sciences software
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
- natural sciences computer and information sciences artificial intelligence machine learning
- natural sciences computer and information sciences data science data processing
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
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.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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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.
RIA - Research and Innovation action
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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-ICT-2018-20
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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.
151 25 Maroussi
Greece
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.