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Day-by-day SIGNED

Day-by-Day Short-Term Traffic Forecasts for Road Concessions (top app)

Total Cost €

0

EC-Contrib. €

0

Partnership

0

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Project "Day-by-day" data sheet

The following table provides information about the project.

Coordinator
EXACTO-SOCIEDADE DE ESTUDOS E PLANEAMENTO LDA 

Organization address
address: RUA DE GAZA B17 3 ANDAR
city: CARCAVELOS
postcode: 2775 576
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Portugal [PT]
 Project website https://www.exacto.pt/copia-public-transport-studies
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.4. (SOCIETAL CHALLENGES - Smart, Green And Integrated Transport)
2. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2017
 Duration (year-month-day) from 2017-12-01   to  2018-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    EXACTO-SOCIEDADE DE ESTUDOS E PLANEAMENTO LDA PT (CARCAVELOS) coordinator 50˙000.00

Map

 Project objective

Exacto created a new methodology to produce short-term traffic forecasts for road concessions, for each of the 365/366 days of following year (Day-by-Day). A prototype version of an informatics application was produced and was successfully tested in 2015/2016 on four road concessions. Exacto now aims to fine-tune this prototype and turn it into a high-quality informatics application (top app) to sell it to road concessionaires worldwide. The innovative achievement is the production of daily traffic (which boosts accuracy, as current methodology only produces monthly forecasts), and also using an app to do it. Potential users are road concessionaires, and three of them were already contacted, with a very positive response towards being future clients. They have also invested in support of our application to SME Instrument. The commercial potential is huge, as there are >5000 concessions around the globe (growing rapidly). The concept is to sell one top app for each concession, so that the concessionaire can produce its own traffic forecasts, with minimum technical support. If a 20% market share is achieved, revenue will be 10 M€/year (after year 5). Extending to public Transport and other areas, revenue can grow to several times. Main advantages of top-app are: - Clear monitoring of traffic (daily, instead of monthly) - Significant accuracy increase - Useful info for concessionaire (can reduce traffic congestion, help better dimensioning of daily services) - Inexpensive/efficient way of producing their own traffic forecasts (automatically updated). In Phase1 Exacto will carry out a feasibility study, including: • Validation of top-app features • Finetuning the prototype (to complete in Phase2) • Audit results (University of Lisbon) • Explore IP regime • Prove commercial viability (independent market study) • Draft Initial business plan • Program Phase 2 activities (work plan)

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The information about "DAY-BY-DAY" are provided by the European Opendata Portal: CORDIS opendata.

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