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Blue Economy: New Generation Tools for Aquaculture


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Aquaculture is the fastest growing animal food production sector in the world with continuously and rapid increase global production. However, the environment in which the aquaculture companies operate is highly competitive with limited margin for profit. All aquaculture producers have to face specific challenges concerning the improvement of the performance of their companies in terms of cost, feed conversion, growth rate and mortality. Simultaneously, their decisions should be sustainable and environmental friendly. Small mistakes can make the difference from profit to loss. Using the services provided by BlueBRIDGE, aquafarmers can estimate the performance of their production exploiting state of the art Machine Learning methods based on the real historical production data. Furthermore, they are able to make accurate production plans, future investment plans by exploiting the geoanalytics platform and techno-economic analysis combining production, financial and environmental data. In this way, they can make correct and timely decisions strengthen their aquaculture's position against competition.

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Blue Economy: New Generation Tools for Aquaculture

  1. 1. BlueBRIDGE receives funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No. 675680 Gerasimos Antzoulatos, i2S ( Charalampos Dimitrakopoulos, CITE ( Panagiota Koltsida, University of Athens ( Wednesday, 22 November 2017 BLUE ECONOMY:NEW GENERATION TOOLS FOR AQUACULTURE
  2. 2. Outline 2 Introduction to BlueBRIDGE & VREs Challenges in Aquaculture and BlueBRIDGE solution Blue Economy Performance evaluation, benchmarking and decision making in aquaculture VRE Strategic Investment analysis and Scientific Planning/Alerting VRE Geoanalytics Platform Benefits of the community 22/11/2017 Webinar 2017
  3. 3. The BlueBRIDGE Project – Building Research environments fostering Innovation, Decision making, Governance and Education for Blue Growth 3 Tailored services addressing three heterogeneous domain One common infrastructure 22/11/2017 Webinar 2017
  4. 4. • Aquaculture is one of the biggest food producing sectors providing over 50% of the world’s fish consumption. • Aquaculture’s share in global supply forecast to increase continuously to the point where capture fisheries and aquaculture will be contributing equal amounts by 2030. 4 Blue Economy Outlook of aquaculture sector 22/11/2017 Webinar 2017
  5. 5. Challenges that have to be addressed: •maintaining the economic viability of the sector by reducing costs and increasing production •guaranteeing high quality food and animal welfare •addressing environmental concerns. All aquaculture producers are concerned on how to improve the performance of their companies in terms of cost, feed conversion, growth rate and mortality and at the same time, be sustainable and environmental friendly 5 Blue Economy Challenges 22/11/2017 Webinar 2017
  6. 6. Provide innovative data services that will benefit all the stakeholders of the aquaculture sector. The aim is to support: •Companies to maximize the growth rate, reduce costs and minimize the impact on the environment •Investors to make efficient identification of strategic locations of interest and select the most profitable investments •Governments and environmental agencies to evaluate the current situation and define policies •Researchers to generate new knowledge and evaluate the practical indicators of aquafarming performance 6 Blue Economy BlueBRIDGE Solution 22/11/2017 Webinar 2017
  7. 7. 7 Blue Economy Performance Evaluation, Benchmarking & Decision Making Goal: Estimate/create KPIs Tables (biol. FCR, SFR, Mortality Rate) based on historical data using Machine Learning Techniques Define a Site: •location •temperature profile Setup Site Performance Evaluation Estimate KPIs: •Collect data •Upload data •Generate models Setup Model Benchmarking & Decision Making Goals: •Create accurate and feasible production plans •Benchmark the performance against the competition Perform production planning by: •Create scenarios •Assess the KPIs •Benchmarking What-If Analysis Decision 22/11/2017 Webinar 2017
  8. 8. Case Study: Sites Evaluation 8 How to evaluate the performance of my existing sites? 22/11/2017 Webinar 2017 Define each site (Setup Site) 1 Create a production model for each site (Setup Model) 2 Create a hypothetical scenario for each site (What-If) 3 Evaluate results: •Production KPIs •Benchmarking 4
  9. 9. 9 Blue Economy Performance Evaluation, Benchmarking & Decision Making 22/11/2017 Webinar 2017 Setup Site
  10. 10. 10 Blue Economy Performance Evaluation, Benchmarking & Decision Making 22/11/2017 Webinar 2017 Setup Model
  11. 11. 11 Blue Economy Performance Evaluation, Benchmarking & Decision Making What-If Analysis 22/11/2017 Webinar 2017
  12. 12. 12 Blue Economy Performance Evaluation, Benchmarking & Decision Making What-If Analysis - Results 22/11/2017 Webinar 2017
  13. 13. Blue Economy Techno Economic Model 1322/11/2017 Webinar 2017 Can we evaluate the economic performance of my sites? Techno economic model’s aim is to: •Provide economic & financial metrics •Aid in the decision procedure of developing and operating an aqua farm •Utilize the results from production model tool (opt.)
  14. 14. Blue Economy Techno Economic Model 14 Aqua farm Definition Aqua farm Definition SpeciesSpecies CagesCages NetsNets AnchorsAnchors Off-ShoreOff-Shore Techno Economic Model Techno Economic Model Technology Definition Technology Definition End of LifeEnd of Life Shop. ListShop. List IndicatorsIndicators IRRIRR NPVNPV YNPMYNPMEBIATEBIAT EBITDAEBITDA Economics Definition Economics Definition Product MixProduct Mix PricePrice Cost Breakdown Cost Breakdown Socio Environmental Impact Socio Environmental Impact 22/11/2017 Webinar 2017
  15. 15. Aim • Conceptualize and monetize the social and environmental impact of aquaculture • Combine social and environmental impact with specific techno-economic and production models of blue economy • Consider data and computational resources at reach • Distinguish between private and social costs and benefits and • Incorporate social costs and benefits in private functions 15 Blue Economy Social and Environmental Monetization Models 22/11/2017 Webinar 2017
  16. 16. 16 Blue Economy Techno Economic Model 22/11/2017 Webinar 2017
  17. 17. 1722/11/2017 Webinar 2017 The Challenge
  18. 18. Our Approach: The Geoanalytics Platform • An open, spatial planning platform to support intelligent identification of areas to suit various needs Geoanalytics Platform 22/11/2017 Webinar 2017 18
  19. 19. Benefits • Scalable, high performant, open source, collaborative geospatial analysis tool • Offers visualization and management of geospatial information • Supports various needs/scenarios through the extensibility capabilities/plugin system • Interoperable system - implements open standards and protocols • Enhances collaboration through project sharing facilities 22/11/2017 Webinar 2017 19
  20. 20. Geoanalytics Platform The Aquaculture Case • Perform spatial analysis for a specific area to predict the production in terms of KPIs such as biomass of an aquaculture site based on environmental and global historical production data. 22/11/2017 Webinar 2017 20
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  22. 22. Geoanalytics Platform- The Tool • Administration User Interface for: • Importing new data • Uploading algorithms for execution • Managing the available geospatial layers 22/11/2017 Webinar 2017 22
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  25. 25. • End-User Interface for: • Analysis execution and results view • Geospatial layers visualization • Users’ collaboration on the investment analysis through project facilities 22/11/2017 Webinar 2017 25 Geoanalytics Platform- The Tool
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  27. 27. • Variety of services/tools provided by Blue Economy to Aquaculture sector:  Production models to assess performance  Techno-Economic analysis  Spatial Investment Analysis for aquaculture sites • Seamless access to heterogeneous datasets • Cooperative training environments through dedicated VREs 27 Blue Economy Benefits of the community Increase productivity & profitability of aqua- farms 22/11/2017 Webinar 2017
  28. 28. Exploit our Tools • Through dedicated VREs for common training activities • The Geoanalytics platform through the SIASPA VRE • Explore the BlueBRIDGE Gateway 22/11/2017 Webinar 2017 28
  29. 29. Thank you for your attention!!! We will be happy to hear from you! If you have any comments, ideas or you would like to be involved in BlueBRIDGE, please send us an email or visit our web portal 2922/11/2017 Webinar 2017