DATA MINING CUP 2019: Around 150 teams from all over the world uncovered fraud cases at self-service checkouts

Chemnitz, 16.05.2019 (PresseBox) – The 20th DATA MINING CUP (DMC) ended on May 16, 2019. The anniversary edition of the international student competition was aimed at uncovering cases of fraud in mobile self-scanning in food retailing. Around 150 teams from 28 countries took part. prudsys AG honors the ten best teams at its retail intelligence summit on July 3, 2019 in Berlin.
This year’s DATA MINING CUP ended today with the deadline for the submission of solutions. Already for the 20th time, prudsys AG called on students from all over the world to test their knowledge on a practice-oriented data mining task. Altogether 149 teams of 114 universities from 28 countries took up the challenge from the field of Fraud Detection. In a maximum of six weeks, the students were challenged to develop a mathematical model that reveals as many cases of fraud as possible in self-scanning without frightening innocent customers away by the follow-up checks. As a basis prudsys provided exemplary data of a food retailer.
The ten best teams will be invited to the retail intelligence summit 2019 on July 3. Under the motto “Smart Decisions for Smart Retail” the conference for AI in retail will take place at the nhow Hotel in Berlin. In addition to an exciting keynote speech by future manager Pero Mićić, around 150 trade visitors can expect practical insights and real applications of intelligent price optimisation and personalisation, e.g. from Weidmüller, Westfalia and moebel.de. The awards ceremony for the DMC winners traditionally takes place during the evening event. In addition to the awards, the best three teams can look forward to prize money worth between 500 and 2,000 euros.
More information about the DATA MINING CUP at: http://www.data-mining-cup.com
Program and registration for retail intelligence summit at: https://summit.prudsys.de/en/

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