Fetch.AI in transformational scientific equipment venture with Clustermarket
Clustermarket, an online sharing platform for scientific equipment and services, will deploy over 600 Fetch Autonomous Economic Agents from Cambridge specialist Fetch.AI.
The agents will be deployed on Fetch.AI’s decentralised network but connected to Culstermarket’s online marketplace to improve how scientific equipment and services are booked and allocated across the UK.
Clustermarket is an online booking tool for basic and scarce scientific equipment and services that connects laboratories at institutions like Imperial College, UCL, King’s College and the University of Cambridge with scientists, companies and organisations that wish to use the machines or outsource experiments.
The platform is the largest in the UK and works with many leading biotechnology and life sciences firms.
There are now hundreds of autonomous agents representing equipment and scheduling on the Fetch.AI test net. These autonomous agents are helping both users and laboratories to improve utilisation of lab resources.
For Clustermarket users that wish to make bookings and requests, Fetch agents will be providing personalised recommendations of very specific equipment and services that may aide their research based on previous requests and bookings. This helps life sciences companies find the assets they need whilst increasing bookings through the Clustermarket platform.
For providers of lab equipment, the agents are able to help make recommendations to ensure frictionless uploading of the instruments and services.
Over time, the agents will also ensure the optimum availability and a fair renting fee that could be achieved for their resources. The goal is to dynamically automate the allocation of the resources to projects and teams that require them based on the provider’s preferences.
Humayun Sheikh, CEO of Fetch.AI said: “This is one of the first deployments of Fetch agents and demonstrates a primary benefit of our network: maximising the value of assets.
“By twinning an agent with an asset, be it a life sciences scanner, a hotel room or a seat on an aircraft, it’s possible to unlock significant additional value by enabling it to ‘represent itself’. Agents on our network can sell services, handle bookings and solve a range of problems autonomously.”
Fetch has worked with Clustermarket to develop over 600 simple autonomous agents that will help to yield valuable predictions across its marketplace.
The agents are not visible to users, working and communicating in the background, to deliver valuable insights. The deployment follows Fetch’s partnership with wi-Q Technologies that sees the hospitality technology firm integrate agents for personalised recommendations across hotel chains.