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Axioma servisas’ artificial intelligence product “Analytical Forecasting Assistant” will be partially funded by EU funds

Axioma servisas UAB from 2019 1 February is carrying out a project entitled “Development of an Analytical Forecasting Assistant”. The project will develop an analytical forecasting assistant, Axioma Flexi, which will use artificial intelligence to analyse the behaviour of urban objects and provide suggestions on how to manage the city’s energy resources efficiently. The successful implementation of the project will have a positive impact on the further development of Axioma servisas, the company’s customers and the country’s overall economic development.

The value of this project is EUR 1.2 million. The project is partly financed by the European Regional Development Fund and the budget of the Republic of Lithuania under the European Union Funds Investment Operational Programme Priority 1 “Promotion of Research, Experimental Development and Innovation”, Implementing Measure No. J05-LVPA-K-04 “Joint Science-Business Projects in the field of “Intellect””.

The project is expected to deliver its results within 22 months.

Axioma Servisas UAB provides technical support services for industry and infrastructure entities, implementation and maintenance of industrial automation solutions, and implementation of information technologies for business.