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Imum implements the project "Development of an Automated Machinery Valuation Solution". 
4 Jul 2024 -31 Dec 2024

EU Projects

134 458 €

Total budget

102 000 € 

EU Funding

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About the Project

The project will develop a revolutionary valuation tool for the determination of secondary market cars and specialised machinery. By applying the latest advances in artificial intelligence (AI), machine learning, data Ccollection and analysis techniques, the tool will be able to collect, process and analyse huge amounts of data that will allow accurately and reliably determine the value of cars on the secondary market.

ARTIFICIAL INTELLIGENCE

DATA COLLECTION

ANALYSIS

VALUATION TOOL

Market Intelligence

As part of the project the development of a data processing algorithm to determine the future value of assets based on historical market prices, market transactions and future demand and supply data. The latter could be predicted on the basis of publicly available data.

The project is funded by the Economic Recovery and Resilience Plan "Next Generation Lithuania".

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