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TRUSTS at the EBDVF Event in Prague
The European Big Data Value Forum (EBDVF) brought together industry professionals, business developers, researchers, and policymakers from all over Europe and other regions of the world to advance policy actions, and industrial and research activities in the areas of Data and AI.
This year, the event took place in Prague, Czech Republic on 21-23 November, with a central theme of “At the Heart of the Ecosystem for Data and AI”.
eBOS R&D Project Manager, Mrs Gianna Avgousti proudly participated in the sponsored session of the H2020 EU funded TRUSTS project, connecting important technical, legal, and business concepts of TRUSTS, as well as emphasizing the importance of federated environments in data-driven innovations (data marketplaces, data spaces). In particular, she elaborated on how we have implemented the technical interoperability with other marketplaces and gained an understanding on the value of data marketplaces.
The project runs from January 2020 to December 2022 and focuses on two complementary aspects; the first one is the technological aspect, by providing a new state-of-the-art technology for a secure platform, vitally needed to interact confidently and successfully in the data market; the second one is the business aspect, by developing and testing innovative business models and the effects of current, and future regulations, as threats and incentives for data enterprises.
eBOS leads the work package dedicated to the demonstration of the TRUSTS platform. As the leader of one of the three use cases, in which it leverages its flagship solution, the WiseBOS Suite, Ms Gianna Avgousti, moderated the session dedicated to the use cases. She presented the work carried out as well elaborated on the description of the Anti-Money Laundering use case, led by eBOS, aiming at improving the detection of financial crime by combining data provided on the TRUSTS platform with the application of AI/ML-powered big data analytics algorithms.
The lack of a consolidated and widely viable data marketplace, secure and GDPR compliant adequate to benefit various business collaborations in the framework of AML services enhanced with AI, is a necessity to the data market. Such marketplace collaboration could be beneficial to the whole economy since innovative procedures and productions with added value will be inaugurated into the market. Financial institutions, corporate audit departments, tax advisors and many more, need to do AML checks.
With an increasingly comprehensive portfolio of software solutions, investments in R&D&I are crucial to eBOS. The development of our product portfolio as a specialist software powerhouse has equipped us with core competencies which we deploy in R&D&I projects. We fuse the knowledge and innovation gained from our participation in R&D&I projects into the development of innovative applications and solutions.
More information about the project and public deliverables can be accessed from: www.trusts-data.eu
TRUSTS project has received funding from the European Union’s Horizon 2020 research and innovation programme under Grant Agreement No. 871481.