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Axtria Inc., a global leader of award-winning cloud software and data analytics for the life sciences industry, announced the winner of the annual hackathon organized by the Data Analytics Group of IIT Kharagpur. The six-week event attracted nearly 3,500 registrants of skills in AI and ML who, in the second round, were offered a challenge to solve a real-world problem of the life sciences and healthcare industry using AI and data analytics models.
Pharma companies are increasingly relying on patient-level data to address patient outcomes and benefits by tracking end-to-end treatment journeys and making informed decisions to ensure the timely availability of medicine. As per a report by Allied Market Research, the global healthcare analytics market size is projected to reach $96.90 billion by 2030. However, the massive volume of unstructured data and the usage of primitive methods of recording these data limits the quality of cure for an existing and a new patient. The hackathon entailed bringing out innovative data science models to solve the problem, said the organisers.
More than 3,500 candidates registered, 755 teams were shortlisted for the First round- Multiple Choice Questions (MCQ), 77 teams (team size 1-4 members) participated in the problem statement, 11 teams were invited for in-person jury round at IIT Kharagpur. Teams comprised from colleges such as IIT Kharagpur, IIT Varanasi, IIT Kanpur, IIT Dhanbad, IIM-Calcutta, Delhi Technological University, NIT Rourkela, VIT Pune, Jadavpur University, etc.
Eleven teams presented their solutions to the jury comprising Manish Agarwal, director, and Prakash Singh, senior manager, with Axtria’s Decision Science team. Submissions were evaluated based on innovation, real-world implementation, and execution possibilities.
India is a land of talent in STEM but nurturing this talent is important by providing the generation access to education and training in AI and data analytics. This can be done through such programs as coding camps, hackathons, and mentorship opportunities.
Manish Mittal, head of global delivery at Axtria, a global leader of award-winning cloud software and data analytics for the life sciences industry, said, “With the right knowledge and skills, young talent from India has the power to unlock new possibilities and create innovative solutions that can improve the lives of millions.”
The winning team, Lunatic Bytes from IIT Kharagpur, presented the solution’s applicability to real-world problems and the techniques they used to analyze big data effectively. Cash prizes were awarded to the winners and the top two runner-ups.
Joginder Tuteja, head of Campus Recruitment, Axtria, said, “IIT Kharagpur has been shaping young minds and moulding them for the future. Courses like data analytics and machine learning are what Axtria has been focusing on and has built its business on, as they are the needs of the future.”
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