Meeting with IN4ACT Advisory Board in Vilnius on September 13, 2023

University | 2023-09-14

The IN4ACT team convened with the Advisory Board in Vilnius on September 13, 2023, to deliver the IN4ACT projects’ outcomes. Prof. dr. Edita Gimžauskienė, the Project Manager, provided an in-depth overview of the project’s goals, objectives, progress, and the Key Performance Indicators (KPIs) that have been successfully accomplished.

Dr. Andrius Grybauskas introduced an AI-based nowcasting platform, illustrating its functionality through examples of operational platforms. These prototypes included “News Integration,” “Real Estate Monitoring,” “Satellite Applications,” and “Inflation Prediction,” as well as showcasing the use of Google Keywords to forecast various facets of social and economic dynamics. This newly developed platform not only displays a variety of indicators but also aids in forecasting diverse aspects of economic activity.

Prof. dr. Mantas Vilkas delivered a presentation on the digital roadmaps web platform, showcasing the existing product. He highlighted the machine learning-enabled digitalization roadmaps designed to assess the digitalization readiness of manufacturing companies, offering personalized insights and guidance through individualized, machine learning-driven digitalization roadmaps.

Prof. dr. Lina Dagilienė introduced the circular design platform,, which assists companies in establishing procedures for developing sustainable products. This platform is specially designed for small and medium-sized companies, aiming to facilitate the creation of sustainable products.

Prof. dr. Asta Pundzienė introduced the structural changes of the KTU School of Economics and Business – the establishment of the Centre of Excellence for Business Digital Transformation. She outlined the objectives, research and innovation areas, and the operating model of this initiative. Furthermore, prof. Asta Pundzienė elaborated on the expansion of the study programs portfolio and the introduction of new products.

After a comprehensive discussion, all the participants explored potential collaborations with the business sector and discussed strategies to make researchers’ ideas more commercially viable and accessible to businesses.