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European Commission to fund 3,3 million euros for project devised by NMusic

Aware that obtaining and analyzing Big Data is one of the greatest assets in an increasingly competitive and global market, NMusic defied a group of prestigious partners with know-how to take a part of the STREAMLINE project.

This project intends to develop a tool that can make European companies and institutes more competitive by gathering, processing, optimizing data, and producing the most reliable analytics in real time.

The challenge was raised by NMusic from a need identified a few years back and which the company has been working on since to overcome: to offer personalized and fitted content according to specific needs. Interacting with other activities and realities revealed that this kind of demand is transversal in multiple economy and society sectors, reason that substantiated a candidacy towards the European Commission.

The affiliation envisioned by NMusic (company that developed the first audio and video triple-play music streaming service in the world) includes Portugal Telecom (leader of the local telecommunications market), Rovio (Finnish company, creator of the popular game, Angry Birds), Internet Memory Research (IMR) from France, the German Research Center for Artificial Intelligence (DFKI), the Swedish Institute of Computer Science (SICS) and the Hungarian Academy of Sciences (SZTAKI).

Big Data one of the most hot topics in Business Informatics nowadays and was, therefore, the call with the higher number of submissions to the European Commission. Overall, 119 projects from some of the greatest companies in the world applied. The selection process came down to only 8 and STREAMLINE was one of them.

After being analyzed and approved, the European Commission granted STREAMLINE a funding of 3,3 million euros.

Through the STREAMLINE platform, the capture, analysis, data curation, search, storage, transfer and data visualization will offer European companies a substantial competitive advantage that will allow them to increase their brand loyalty rates by narrowing down their target and personalizing their communication with clients.

The impact will certainly be felt in commerce and service oriented companies but also in sectors as diverse as health, industry or transportation within the whole European spectrum.

This fundamental tool aims to dim the difficulty of accessing Big Data inside the European community and help both small and medium companies to gain more knowledge of their market and, hence, improve their offer. At the same time, an open source application like STREAMLINE will put Europe in a very good position to conquer the leadership on what concerns gathering and processing Data Sets.

Amongst all the companies and institutes that are part of this purchase financing pool, it is possible to account 18 registered patents, international renowned scientists and researchers (winners of innumerous prizes), top entrepreneurs and mentors of several companies and projects.

Compliments of – A member of the EACCNY