Research project "Development of a tracking and location optimisation solution for complex production processes to improve plant efficiency (WITPO)" - highlights for the fourth quarter of 2024

The IT Competence Centre is implementing the project "Information and Communication Technologies Competence Centre", id. Nr. 5.1.1.2.i.0/1/22/A/CFLA/008.

The objective of the project "Competence Centre for Information and Communication Technologies" is to increase the competitiveness of entrepreneurs in the Information and Communication Technologies (ICT) sector by implementing, in cooperation with scientific institutions, at least 12 sectoral and cross-sectoral studies in the areas of Business Process Analysis Technologies and Natural Language Technologies until 30 June 2025, leading to the development and production of new products and technologies by at least 10 entrepreneurs.

The research project No.1.1 "Development of a tracking and location optimisation solution for complex production processes to improve the efficiency of the production plant (WITPO)"

launched in November 2023. In the fourth quarter of 2024, the industrial research activity "Development of optimisation models and implementation of the Platform" was completed, and the pilot development activity "Validation of the Platform in a real operating environment" was launched.

Research project implementation period: 01.11.2023. - 30.04.2025.

Total cost of the research project - EUR 206 180.94

Co-financing from the Recovery Fund - EUR 149 497.11

The project is co-financed by the Recovery Fund within the framework of the Operational Programme "Reform 5.1.r. of the Latvian Recovery and Resilience Mechanism Plan and Investment Axis "Increasing Productivity through R&D Investment" Reform 5.1.1.r. "Innovation Management and Motivation of Private R&D Investment" Investment 5.1.1.2.i. "Support Instrument for Innovation Cluster Development" within the Competence Centre Rules".