Rovco has received funding from Innovate UK that takes the amount in technology grants earned by the ROV and hydrographic survey specialist to £ 1.46 m ( $ 1.83 m ) . Working with ORE Catapult and ScottishPower Renewables , the subsea specialist will be using the money to focus on further research for its live 3D vision and AI survey technology . Using machine learning and data mining , it has already been tested commercially and the company is confident the funding will help bring it to market . Rovco believes the technology will help save both revenue and expense for the industry .
Rovco has received funding from Innovate UK that takes the amount in technology grants earned by the ROV and hydrographic survey firm to £1.46m ($1.83m). Working with ORE Catapult and ScottishPower Renewables, the subsea specialist will be using the money to focus on further research for its live 3D vision and AI survey technology. Using machine learning and AI analysis, it has already been tested commercially and the company is confident the funding will help bring it to market. Rovco believes the technology will help save both time and expense for the industry.