nasscom AI presents the "AI for Business Grand Challenge", designed to foster the spirit of innovation and revolutionize the B2B landscape. Embrace the opportunity to address real-world challenges and showcase your ground-breaking solutions.
In this challenge, start-ups and Independent Software Vendors (ISVs) across India are expected to design enterprise grade solutions based on the "Areas of Interest" - process automation, customer care, IT automation, sustainability, IT security, and modernization, using the state-of-the-art embeddable AI offerings from our technology partner, IBM.
Artificial intelligence (AI) is fundamentally about making things better for people. By putting AI to work across processes which are extremely complicated, or where the day-to-day is extremely routine with rote tasks, organizations free employees from tedious work and empower them to deliver faster outcomes and make better, data-driven decisions. Higher levels of job satisfaction leads to lower rates of attrition – and happier employees are more likely to produce happier customers.
Customer satisfaction is critical in today’s dynamic business environment. Effective use of AI technologies can provide a seamless experience for customers across different channels of interaction while improving key customer care metrics of customer care from Average Handling Time to First Call Resolution.
A more automated information infrastructure massively augments the oversight capabilities of IT teams, enabling them to achieve new levels of resiliency and efficiency. As a result, they can spend their time and expertise more productively to develop new innovations and get products into the market faster.
Cyberattacks are more prevalent, creative, and faster than ever. Artificial intelligence (AI) can not only expand visibility and accelerate response times and disposition with orchestration and automation, but compliance and security can also be built into a hybrid cloud architecture, determining who gets access to what and when, enforcing compliance with the ever-expanding set of regulations that firms must abide by.
Becoming more sustainable is an opportunity to innovate—one that artificial intelligence (AI) can help accelerate. It is both a goal and an outcome, driven by commitments that must be deeply embedded into an organization’s culture, operating models, and daily workflows to spur transformation and growth.
Organizations that can quickly connect applications and systems can outperform those that don’t. Artificial intelligence (AI) can boost the enterprise-wide integrations that help teams operate quickly and proactively by unlocking data and applications to both internal and external consumers with the result that business can better anticipate and address customer needs as they arise.
In this challenge, start-ups and Independent Software Vendors (ISVs) from across India are expected to design enterprise grade solutions based on the Areas of Interest using IBM's embeddable AI offerings.
Benefits to the participants of this grand challenge:
Benefits to the winners and runners-up of this grand challenge:
Calling all innovative problem solvers and enterprise-focused B2B startups and ISVs!
Unleash your creativity and join us for an exhilarating and groundbreaking grand challenge
Docketrun Tech Pvt Ltd was declared as the Grand Winner in the AI for Business Grand Challenge
Here are the steps you need to follow to participate:
All B2B enterprise-focused startups/ISVs are eligible to participate in this grand challenge.
The information shared by you/your company in the application or otherwise will be
reviewed
only by the organizing team and the jury members. Post event, the organizers and/or
its
partners may undertake coverage of the winning entries through various means and
forms. This
is only to showcase and further amplify the work accomplished you/your company.
nasscom
partners and its affiliates may send promotional materials and information to update
you
about their latest products and services. Your data is safe with us and will not be
used for
any other purpose.
Each team is required to nominate a Single Point of Contact (SPOC) to whom all communications shall be addressed to. The SPOC should be a working member of the team and at no point shall leave the team without prior intimation to the organisers.
No, only online applications would be considered.
Only one idea can be submitted for one business problem. However, if the startup/ISV wants to develop PoC/MVP for multiple areas of interest, they need to submit individual approach notes with a different SPOC for each submission.
Each team should have a minimum of two and a maximum of 5 members assuming various roles.
It is up to the developers to come up with the methodology that can get the best results. The most important point to be followed is to use the IBM platform/technology to develop the PoC/MVP.
The startup/ISV may visit the IBM Partner Plus Platform. Alternatively, you may also write to aiforbusiness@nasscom.in.
No. Startups/ISVs who filled the application form and approach note can proceed with the development work using the IBM tools and technologies.
Your own company’s data, any publicly available or subscription-based data can be
used to
solve the chosen business problem. The data used should be from a credible source
and should
be reproducible at any point of time of model evaluation. All data sources must be
mentioned
in the final presentation as well.
Under no circumstances, any synthetic data
should be
used. The application will be disqualified if the source of the data used is not
reliable.
Yes, the assumptions should be stated in the approach notes as well as in the final presentation.
Yes.
A video showcasing the framework followed to solve the business problem, uniqueness of your approach, and outcomes of your PoC/MVP along with the performance metrics.
The final video presentation should not be more than 5 minutes long.
No. All eligible startups and independent software vendors (ISVs) can apply and participate in this grand challenge.
Thursday, 10th Aug 2023, 23:59 PM
Yes. The informational webinar is scheduled on Aug 03, 2023 (Thursday) at 11:00 AM IST. The recording of the session will be available on the website (in the resources section) for the benefit of those who are not able to attend the session at the specified time.
Upon submission of the application, you will receive an acknowledgement message on your screen. You will also have an option to save/print your response.
Yes. A startup/ISV can submit multiple applications in different areas of interest. However, they can submit only one use case per area of interest.
Yes. However, only one startup/ISV will have to take the lead throughout the process:
submission of approach notes, PoC/MVP submittal, and final presentation. The second
startup/ISV can play the supporting role. It is mandatory to disclose such
collaborations in
the approach note.
Also note that only the lead company can register on the IBM
Platform.
Any team member, except the SPOC can leave during the grand challenge but s/he cannot be replaced by anyone. In case the SPOC leaves, nasscom team must be informed immediately.
No. All parts of this challenge can be accomplished virtually.
Refer the website to download the evaluation criteria. It will be shared during the
informational webinar as well.
The information outlined in the approach note
will be
evaluated by a panel of experts. The final PoC/MVP will be evaluated by the jury
members.
Approach note has to be submitted along with the application form.
Once the
PoC/MVP is
developed for the chosen business problem, a video presentation should be submitted
to give
a demo of the PoC/MVP.
No, the cost for gathering/accessing data will have to be borne by the participants.
Yes, the algorithm should be submitted in fully working condition.
After the grand challenge, the data and developed PoC/MVP will be owned by the startups/ISVs who developed it.
We encourage you to read the FAQs thoroughly and attend the informational webinar scheduled for Aug 03, 2023. If you still have any specific questions, you can write to us at aiforbusiness@nasscom.in.
