Huawei-NUS Innovation Challenge seeks the best business analytics ideas for S$10,000

By Huawei

The competition, which kicks off on 9 February, will be open to all students across Singapore’s universities and polytechnics for the first time.

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Students across Singapore’s universities and polytechnics in Singapore can soon test their business analytics skills in the Huawei-NUS Innovation Challenge starting on 9 February 2023. 

This year, participants will work together in teams of four to six to build a stock trading model based on historical transaction data that allows users to “buy low, sell high” at the best timing.

Shortlisted teams from the initial stage will then receive coaching from the organisers to prepare for the finals. The winning team will walk away with a Grand Prize of S$10,000, while the runner-up and second runner-up will walk away with S$5,000 and S$3,000, respectively.

This will be the first year that the annual challenge is open to students from all of Singapore’s universities and polytechnics, as opposed to just the National University of Singapore (NUS). 

“This makes way for more knowledge sharing and collaboration amongst students from different educational institutions, which could lead to greater achievements,” said Associate Professor James Pang, Co-Director of the NUS Business Analytics Centre (NUS BAC), one of the main organisers of the event. 

The NUS BAC is working alongside global ICT provider Huawei International, Huawei’s subsidiary in Singapore, and partnering with Audaque Data Technology for this challenge. 

“This year marks NUS BAC’s 10th anniversary, and we are happy to team up with Huawei to encourage participants to develop transformative ideas with AI and cloud technologies for the finance industry,” Pang said. 

As part of a previous Memorandum of Understanding signed between Huawei and NUS BAC, HUAWEI CLOUD will provide ModelArts, the company’s one-stop AI development platform for the innovation challenge. This will allow developers of any skill level to rapidly build, train, and deploy models anywhere – from the cloud to the edge.

“HUAWEI CLOUD strives to be one of the most comprehensive cloud service providers in the region,” shared Zeng Xingyun, President of HUAWEI CLOUD APAC. “ To achieve this goal, we will continue to tap on partnerships such as this to cultivate and nurture local talents that are agile, data-driven, and results-oriented. We believe that this will empower a generation of developers with fresh perspectives and mindsets to build a robust ecosystem, while creating shared values for global partners and customers.”

Interested students can click here for more details. The organisers will also host a kick-off explanatory session on 9 February, 6 to 9.30 pm, at NUS School of Computing’s Lecture Theatre 19.