Biowatch is a machine learning model that uses high-resolution satellite images to estimate the biodiversity index of any given area. Our model segments the image into four main categories: forests, water bodies, urban infrastructure, and all other green areas. Model then calculates a sub-index of biodiversity for each category which is then proportionally used to generate overall biodiversity index. We can safely predict these values using satellite images for forests, water, and green areas, but for urban infrastructure, we need to gather datasets manually and use the Urban Biodiversity Assessment Framework. Our value proposition is cost and time efficiency if the municipalities of Slovenia delegate reporting to our business because it is cheaper and faster than training their own people.
Our solution provides a cost-effective and time-efficient way for municipalities to comply with the EU Biodiversity Strategy for 2030. By using our service, municipalities can save up to 80% of the time and cost required for traditional methods of biodiversity assessment and reporting. Our service is scalable, flexible, and accurate with capabilities to cover any area of interest, from a local park to a whole municipality. It can also provide valuable insights and recommendations for biodiversity conservation and restoration therefore can help to achieve the European goals of sustainable development.
Investing in biodiversity and nature-based solutions is not only a moral obligation but also an economic opportunity for the EU and the world. The European Union has committed to unlocking at least €20 billion a year for spending on nature through private and public funding at national and EU level, including through a range of different programs in the next long-term EU budget plan. According to the World Bank, more than 50% of global GDP, $44 trillion in economic value depends on natural resources. Therefore, by using Biowatch, municipalities of Slovenia and other EU countries can contribute to the protection and enhancement of their rich biodiversity, and benefit from the economic and social values that nature provides.