Imum implements the project "Development of an Automated Machinery Valuation Solution".
Jul 2024 - Dec 2024
EU Projects
134 458 €
Total budget
102 000 €
EU Funding
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About the Project
The project will develop a revolutionary valuation tool for the determination of secondary market cars and specialised machinery. By applying the latest advances in artificial intelligence (AI), machine learning, data Ccollection and analysis techniques, the tool will be able to collect, process and analyse huge amounts of data that will allow accurately and reliably determine the value of cars on the secondary market.
ARTIFICIAL INTELLIGENCE
DATA COLLECTION
ANALYSIS
VALUATION TOOL
Market Intelligence
As part of the project the development of a data processing algorithm to determine the future value of assets based on historical market prices, market transactions and future demand and supply data. The latter could be predicted on the basis of publicly available data.
The project is funded by the Economic Recovery and Resilience Plan "Next Generation Lithuania".
About the Project
The project will develop an innovative product that provides users with easy access to legislation and legal information related to employment, facilitates the use of queries, reduces the risk of legal disputes and saves users time.
The project is being implemented under the progress measure No 05-002-01-07-07 "Promote data accessibility and re-use" of the State Digitalisation Development Programme of the Ministry of Economy and Innovation of the Republic of Lithuania, which is the manager of the Development Programme for the period 2022-2030, under the activity "Investments by enterprises in the creation of new innovative solutions and digital services using open data".
140 000 €
Total budget
70 000 €
EU funding
Imum implements the project "Innovative product development using open data sources".
Sep 2024 - Sep 2025