1. BlueBRIDGE receives funding from the European Union’s Horizon 2020
research and innovation programme under grant agreement No. 675680 www.bluebridge-vres.eu
Gerasimos Antzoulatos, i2S (gantzoulatos@i2s.gr)
Charalampos Dimitrakopoulos, CITE (bdimitrako@cite.gr)
Panagiota Koltsida, University of Athens (p.koltsida@di.uoa.gr)
Wednesday, 22 November 2017
BLUE ECONOMY:NEW GENERATION TOOLS
FOR AQUACULTURE

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
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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
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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.
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Blue Economy
Outlook of aquaculture sector
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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
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Blue Economy
Challenges
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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
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Blue Economy
BlueBRIDGE Solution
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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
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8. Case Study:
Sites Evaluation
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How to
evaluate the
performance
of my existing
sites?
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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
Blue Economy
Performance Evaluation, Benchmarking &
Decision Making
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Setup Site

10. 10
Blue Economy
Performance Evaluation, Benchmarking &
Decision Making
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Setup Model

11. 11
Blue Economy
Performance Evaluation, Benchmarking &
Decision Making
What-If Analysis
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12. 12
Blue Economy
Performance Evaluation, Benchmarking &
Decision Making
What-If Analysis - Results
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13. Blue Economy
Techno Economic Model
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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. 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
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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
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Blue Economy
Social and Environmental
Monetization Models
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16. 16
Blue Economy
Techno Economic Model
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The Challenge

18. Our Approach:
The Geoanalytics Platform
• An open, spatial planning platform to support
intelligent identification of areas to suit various needs
Geoanalytics Platform
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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
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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.
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22. Geoanalytics Platform-
The Tool
• Administration User Interface for:
• Importing new data
• Uploading algorithms for execution
• Managing the available geospatial layers
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25. • End-User Interface for:
• Analysis execution and results view
• Geospatial layers visualization
• Users’ collaboration on the investment analysis
through project facilities
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Geoanalytics Platform-
The Tool

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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
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Blue Economy
Benefits of the community
Increase productivity
& profitability of aqua-
farms
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28. Exploit our Tools
• Through dedicated VREs for common training
activities
https://bluebridge.d4science.org/web/aquaculturetraininglab
• The Geoanalytics platform through the SIASPA
VRE
https://bluebridge.d4science.org/web/siaspa
• Explore the BlueBRIDGE Gateway
https://bluebridge.d4science.org/explore
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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
http://www.bluebridge-vres.eu/
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