RAISE is an interoperable information model, based on the OPC UA standard, that provides technical (e.g. predictive maintenance) and non-technical (e.g. fintech, insurtech, regulatory technology) services to the end-users through interconnected equipment, such as detecting anomalies or insuring productions.
The objective of the RAISE™ project was to turn the manufacturing servitisation trend to the benefit of robotic manufacturers developing robots as a service (RaaS) platform demonstrating the possibility for 3rd party providers to offer value-adding services (e.g. prognostic maintenance, production intelligence, insurance, and payment services..) to Industrial Robots manufacturers by means of new open interoperability standards (e.g. the Robotics open standard by OPC UA) Since Henry Ford's Model T, the dream of manufacturers was to be able to offer recurring services on the products made instead of selling "one-off" products, for example by making payments based on the product output, the time of use of their machinery or creating products that can be served with "circular” services that users could subscribe to, generating recurring profits, from installation, maintenance, management and finally to circular disassembly at the end of the life cycle of the product. With the advent of AI, blockchain and IoT converging at the very edge of smart machines, the “Product as a Service” Economy is finally coming to life. The development were ended on schedule with a full installation at the Mitsubishi Electric HQ showroom for Industry 4.0 in the new Italian HQ in VIMERCATE, Italy, where a permanent RaaS showcase has been activated based on the RAISE project demonstrator interworking with the SCADA layer provided by ICONICS™ and different Mitsubishi Robots using the OPC UA Robotics companion specification
Challenge
Impact
FSTP Name:
RAISE
Beneficiary Lead:
MYWAI SRL
WWW.MYW.AI
Italy
Beneficiary 2:
YOLO GROUP S.r.l.
en.yolo-insurance.com/
Italy
Beneficiary 3:
NEUROTECHNOLOGIJOS UAB neurotechnologijos.com/
Lithuania
Technology Area:
Equipment as a Service
End User:
MITSUBISHI ELECTRIC BV, FIliale Italiana
Start Date - End Date:
01/11/2021 - 31/08/2022
Duration:
11 months
FSTP Funding:
196 000,00 €
TRL Level at Start:
6
TRL Level at End:
8
Number of early adopters raised:
1
SUBSCRIBE to newsletter
Please subscribe to our mailing list to be the first one informed about the new open calls, events and other hot news!
Your have successfully subscribed to Trinity newsletter.