In this episode of the EU Projects Zone podcast, Areti Ntaradimou talks to Ugo Stecchi about how the Synergy project will introduce a novel framework in response to the need for “end-to-end” coordination between the electricity stakeholders.

Ugo Stecchi is the coordinator of this EU-funded project, the framework of which references significant data architecture that leverages data, coming from diverse sources.

It includes 24 Partners in 9 countries, namely Spain, Greece, Finland, Cyprus, Croatia, Italy, Portugal, Austria, and Denmark.

“Synergy aims at designing and developing a big data and artificial intelligence analytics platform for energy purposes where the different stakeholders in the energy value chain are allowed to participate and to exchange their data in a trustful manner,” says Ugo.

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Working with data equals working with new and innovative technologies, such as blockchain, machine learning and artificial intelligence, but as Ugo says “we are keeping an eye on new technologies in general as they are evolving”.

According to the project’s ‘message’, a big data platform like this is due to help the electricity value chain stakeholders to:

Simultaneously enhance their data reach;

Improve their internal intelligence on electricity-related optimization functions while getting involved in novel sharing/trading models of data sources and intelligence to gain better insights;

Shift individual decision-making to a collective intelligence level.

Most of the time, big data brings also big issues to the table. “In order to validate your model you need a big volume of data that needs to be coherent,” says Ugo. And that brings us to the harmonization issue.

On top of that we have the speed issue, meaning that “we need the correct, relevant data at the proper time” says Ugo.

Listen to the whole discussion and find out also Ugo’s vision on the uses of the platform, as well as how the Synergy project is going to remain an ethical tool respecting among others GDPR.