The EU Commission has granted eVision up to €2.3 million for funding further development of Predictive Vision, an open disruptive innovation that will revolutionise the way companies in hazardous industries around the globe operate and mitigate risk. The grant is awarded as part of the Horizon 2020 programme, the biggest EU Research and Innovation programme ever and will be used to further develop the product.
Predictive Vision takes Control of Work to the next level and allows companies in the Oil & Gas and Petrochemical industry early to predict and detect risk levels and visualize this in a single easy-to-understand overview. Not only will it be designed to prevent large scale incidents, the system allows personal safety to be planned and managed more effectively, decreasing global industry fatality levels.
eVision is the only Dutch company to have received the grant for Open Disruptive Innovation, and one of the few companies in the European Union. “The acknowledgement of the EU for the potential of our product shows that we are working on something very special”, says Neil Currie, Chief Product Officer at eVision. ”We believe that digital transformation of our clients’ frontline operations combined with the open architecture and data analysis can reduce incidents and ultimately save lives”.
Predictive Vision compiles information from over 25 different systems, providing the innovative software a comprehensive view of outstanding permits, changing shifts, and all types of registers and databases at any given moment. The compiled data is then algorithmically analysed, crosslinking potential hazards, and validated for increased risk potentials. Situational developments are automatically fed to the live feed, giving management the tools to intervene where necessary.
The main intent and ultimate goal of the solution is to create a real-time, predictive risk management system for usage at the frontline, ensuring hazardous industries are transformed to operate more safely. Predictive Vision is a lifesaving solution that can decrease the likelihood of accidents and injuries by combining, analysing, and interpreting data in a new and unique way.
About Horizon 2020
The Europe 2020 initiative is a ten-year growth strategy to make the European Union more competitive and stable. Among other reasons, it is an answer to the financial crisis, launched in 2010 to create the conditions for smart, sustainable and inclusive growth. The initiative’s financial instrument is Horizon 2020, aimed at securing Europe’s global competitiveness. By funding research and innovation, the EU aims to produce world-class science and remove barriers to innovation. http://ec.europa.eu/programmes/horizon2020/
About eVision Industry Software
eVision Industry Software is the global leader in Control of Work software. Companies in the oil & gas, (petro)chemical and other high-risk industries turn to us to improve control over their operational processes, resulting in fully auditable, real-time corporate risk management as well as increased operational efficiency.
The company is based in The Hague, The Netherlands, with regional offices in the United Kingdom, the Middle East and the United States. eVision has a global partner network and clients on five continents.
eVision’s user-friendly and fully integrated product portfolio includes software for business processes such as permit to work, risk assessment, isolations management and management of change. The state-of-the-art One Vision software platform seamlessly integrates with third-party software systems, utilizing for example external work order and engineering data.
For more information, please visit www.evision-software.com
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 674049.
The contents of the above reflect eVision’s view only and EASME is not responsible for any use that may be made of such information.