CORE wins in EYDAP competition | Predictive maintenance against water waste
CORE wins in EYDAP competition
Predictive maintenance against water waste
Author: Eleni Natsi
January 18th 2023
At CORE, we pride ourselves on adopting a different mindset with innovation ingrained deep in our DNA. Therefore, we are more than excited that we were selected among 150 ideas from Greece and won the second prize in the EYDAP InnoChallenge competition for our predictive maintenance solution that detects and ranks defective utility water meters.
The InnoChallenge competition was organized by EYDAP, the largest water supply and sewerage company in Greece in collaboration with MIT Enterprise Forum Greece and with the support of the Hellenic Corporation of Assets and Participations S.A. (HCAP).
The competition, which attracted great interest from private sector companies, startups and groups of researchers and scientists, is part of the HCAP Innovation Challenge series. The HCAP Innovation Challenge series was designed by the members of the HCAP Innovation Network (public corporations operating in critical sectors of the Greek economy) in collaboration with MITEF Greece to facilitate HCAP portfolio companies to develop, post and run their competitions with incentive prizes for challenges they find worth addressing.
The challenges published on the HCAP Innovation Challenge platform are primarily data-driven and require a combination of skills, knowledge and hard teamwork to solve. Through them, portfolio companies are looking for innovative solutions that are difficult to specify and therefore difficult to price but can bring great value and efficiency to their operations. In addition, the HCAP Innovation Challenge can serve as a national testing ground for the development of innovative, data-driven applications developed by local and international teams using technologies ranging from Big Data and machine learning to IoT and 5G networks.
Teamwork makes the dream work
Having a solid background in predictive maintenance, acquired after years of involvement in relevant EU-funded projects and with the development of COREbeat, our predictive maintenance platform, the challenge we undertook was to detect the possible faulty utility consumption hydrometers that currently exist in the water supply system of EYDAP, by using raw data from the field.
Our great team of engineers, Apostolos Chondronasios, Ioannis Meintanis, Ioannis Livieris, Manthos Kampourakis and Spyridon Fourakis rolled up their sleeves and developed a predictive AI algorithm that detects and ranks defective utility water meters.
Our prediction algorithm had the second-best performance in the competition category “Algorithm for predicting faulty utility consumption hydrometers in the water supply system of EYDAP” and our team received the prize in an awards ceremony held on the 24th of March in Athens.
We are honoured to have participated in this incentive prize competition with our innovative solution that can contribute substantially to the timely and efficient detection of faults and, consequently, to the reduction of water waste.
The EYDAP Innovation Challenge was an excellent opportunity for us to put our knowledge and experience to good use and to challenge ourselves with a significant real-life problem.
The prize we took is a strong incentive to continue the hard work, towards the delivery of sustainable solutions for the digital transformation of various industries, with the common good in mind.
