Powersoft-ΙδΕΚ: €150,000 Funding Agreement for the Development of a Groundbreaking AI Plug-in for Data Analytics
 

Powersoft, a leader in software and innovation in Cyprus, announces with excitement the funding received from the Research and Innovation Foundation (RIF) through the “PhD in Industry” program. This funding supports the development of a groundbreaking AI plug-in for Data Analytics, designed to work with any software globally.

A New Era in Data Analytics

The project aims to create a “personal Data Analyst” that will “live” within your data and analyze it in real time. The plug-in will integrate cutting-edge technologies, including Artificial Intelligence, Machine Learning, Statistical Analysis, Forecasting, and Alerts, to deliver unparalleled value to businesses.

The development of the plug-in will be completed within three years, with Cyprus serving as a pilot market before its release across Europe and beyond.

Contract Signing

The project’s announcement took place in the presence of Powersoft CEO, Mr. George Malekkos, RIF Director General, Mr. Theodoros Loukaidis, Ms. Marilena Paraskeva, Ms. Vaia Velli from the RIF, and Mr. Michalis Pasiourtides, a PhD candidate and member of the Powersoft team.

In a radio interview, Mr. Malekkos expressed his heartfelt thanks to the RIF, Mr. Loukaidis, and his team for their invaluable support. He emphasized that “Cyprus will soon have a success story through this project.”

He also invited companies, especially those in the technology sector, to explore RIF’s funding programs, noting that “funds are available to develop new, innovative products that disrupt market norms.”

Monitoring Progress

The project’s progress will be shared through a dedicated website, allowing the public to follow the steps of this innovative effort.

source: www.boussiasnews.cy  

inbusinessnews.reporter.com.cy

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