About FORMAT Project
The FORMAT project aims at developing an innovative Forecasting Methodology supporting decision making in Manufacturing Industries.
Project Acronym: FORMAT
Project Duration: 48 months
Contract Number: 286305
EU contribution: 1.690.454,00€
Starting date: 1st January 2012
The analysis of emerging technologies and their potential impact on markets, economies and societies requires reliable and repeatable methods and tools since the related information plays a critical role for strategic decisions of private and public organizations. All the existing techniques reveal several weaknesses such as limited accuracy on middle and long-term forecast; poor repeatability; poor adaptability, i.e. no universal methods are known, besides complementary instruments must be integrated according to the specific goal and data availability. These considerations highlight the need to introduce structured methods and tools capable to support strategic decisions in industrial R&D activities, by managing the multi-disciplinary complexity of current systems and by anticipating the future characteristics of products and processes.
The final FORMAT project result will be the development of an innovative forecasting methodology, backed by a web semantic IT tool, supporting decision making in Industrial Processes, to be evaluated in real test cases and extensively described in the FORMAT handbook and through an IT demonstrator to proof the concept.
The FORMAT project has been funded under the aegis of the PEOPLE - Marie Curie Actions - IAPP