Innovative IT knowledge-based system

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Stanian’s objective is to develop the Electronic Positive Outcome Framework™ (ePOF), anintelligent cloud based platform that facilitates the speedy identification of knowledgeartefacts for use within the delivery of ICT systems developed. The key innovation in ePOF isto facilitate the real-time search and retrieval of contextually relevant ICT knowledgecomponents from a comprehensive asset library that assists in rapid problem solving, reducingtime, cost and risk and improving speed of delivery. The platform will be able to intelligentlyand automatically analyse and extract pertinent documents, models, processes, best practices,frameworks or standards that apply to specific contexts for the user. Over a quarter of all ITprojects end-up more than 50% over budget and half of all overspends are due to poorforecasting, costing Irish and UK enterprises over €375m per annum. The platform wouldallow for the delivery of ICT consultancy services far more cost effectively, with a structuredmethodology and with embedded knowledge transfer for skills development and broaderavailability to a wide audience of people. Stanian has identified orders of between 10% - 23%of cost saving potential for companies that used their existing system. ePOF would enableStanian to deliver this expertise to a far greater number of companies and help savecompanies and UK public sector several millions of pounds.