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In this article, we introduce a new concept in HERMES, the FP7 funded project in Europe, in developing technology innovations towards computer aided memory management via intelligent computation, and helping elderly people to overcome their decline in cognitive capabilities.In this project, an integrated computer aided memory management system is being developed from a strong interdisciplinary perspective, which brings together knowledge from gerontology to software and hardware integration. State‐of‐the‐art techniques and algorithms for image, video and speech processing, pattern recognition, semantic summarisation are illustrated, and the objectives and strategy for HERMES are described. Also, more details on the software that has been implemented are provided with future development direction.