€3.1m R&D project to turn aquaculture data into profits

By 17th November 2015 No Comments

AquaSmart-LogoA new research project is aiming to help the aquaculture industry to improve its efficiency through data use, and without harming the environment.

The €3.1 million Aquasmart project is an R&D project which will use big data, data mining and open data to assist companies in transforming data into knowledge, and then using this knowledge to improve efficiency, increase profitability and carry out business in a sustainable, environmentally friendly way.

“Aquaculture companies are drowning in data, but starving for knowledge. Within Aquasmart, we intend to create new opportunities through the provision of a comprehensive data mining solution, which is based on an integrated platform, enabling companies to expand by having raw data transformed into knowledge via accurate business-driven analytical models in a seamless and efficient process,” the company said.

“Whether Aquasmart is used to drive new business, reduce costs or gain the competitive edge, data mining is a most valuable and transformational asset for every fish farming organization, be it large or small.”

The secure and unobtrusive collation of data should enable analysis of huge volumes of historical data to deliver informed business driven knowledge from models built for prediction, estimation, and other inferences involving uncertainty, the team behind the project hope.

The aim of data mining is to extract valid, novel, potentially useful, meaningful and understandable patterns accumulating in large and complex databases. It involves mathematical and statistical methodologies to explore the data, develop the models and discover previously unknown patterns.

Aquasmart will become the only data mining and big data technologies initiative applied to the aquaculture sector.

By using the initiative, contributing companies should be in a position to understand and quantify the interaction between all the parameters influencing their production from environmental parameters, to feed types, feed composition, feeding rates and practices, net changes, production management strategies and many others.

Through the availability of multi-lingual open data, companies will be able to compare their specific results with other results that are stored in the cloud. By collecting and managing the data mining results from many companies and a large number of rearing cycles in variable conditions, with full respect to confidential data, Aquasmart aims to generate a knowledge base that will be useful for all the stakeholders.

The project will run from February 2016, though Aquasmart has already launched a free data exploration service tool available from its website, aquasmartdata.eu

Written and  published by Undercurrent News