Text Categorisation

Over the last few years, with the increased usage of computers, lots of text data were digitized from multiple sources. The latest advancements in NLP and Deep Learning has opened a huge pool of opportunities to mine the text results in gaining useful insights from the lots of unstructured text data that is available. In addition, there is a huge need for categorisation of the available text which in turn can be used to solve many problems and automate in the BFSI domains. Now, the sky’s the limit for your innovation to solve the problem of text categorisation.

Some example ideas:

1. Identification of the intention behind the text with the domain specific knowledge.

2. Categorising or clustering the documents so that the respective team can work or process the respective cluster of documents

Know Your Customer

Know Your Customer is a process by which banks or finance companies obtain information about the identity and addresses of the customer. Image Processing, Computer Vision and machine learning opens up a huge opportunity to eliminate the manual labour involved in this process. It’s high time for you to come up with a solution by leveraging the benefits of AI to smoothen the process of KYC.

Photo Optical character recognition

Optical character recognition is the electronic or mechanical conversion of images of typed, handwritten or printed text into machine-encoded text, whether from a scanned document, a photo of a document, a scene-photo (for example the text on signs and billboards in a landscape photo) or from subtitle text superimposed on an image (for example from a television broadcast). While there have been many attempts over the past few years to automate the character recognition, but the limits are still countless. All you need to do is design and develop an application that can extract text with the maximum correctness from any kind of image given.

Ideation (25%)

Product (75%)

Round 1: Idea Submission

1. 1. • We accept ideas on a rolling basis till Jan 25 2020.
        Early submissions will increase the chances of your idea getting shortlisted.

Round 2: Solution Submission

1. 1. • Date of submission: Jan 25, 2020

For details, check submission guidelines section.

There are 3 prizes, one in each theme.

Main Prizes

Theme Text Categorisation: INR 25,000, trophy and a certificate
Theme Know Your Customer: INR 25,000, trophy and a certificate
Theme Photo Optical Character Recognition: INR 25,000, trophy and a certificate

Round 1: Ideation

Detailed instructions for the idea submission will be emailed to the registered email id

Round 2: Product submission:

Detailed instructions for the code submission will be emailed to the registered email id

Regulation of the Event

AutomationEdge Technologies Pvt. Ltd. (aka AutomationEdge) with headquarters at Pune, India plans to carry out the event called “AI Innothon“, between Dec 21st, 2019 to Jan 25th, 2020, which will be governed by the provisions of these terms and conditions (Terms).

Regulation of the Event

AutomationEdge Technologies Pvt. Ltd. (aka AutomationEdge) with headquarters at Pune, India plans to carry out the event called “AI Innothon”, between Dec 21st, 2019 to Jan 25th, 2020, which will be governed by the provisions of these terms and conditions (Terms).

1. Purpose

1. 1.1 The AI Innothon will promote a technological challenge over the period mentioned above with the main goal of creating a prototype solution to address a challenge in the BFSI industry.

2. Organization

1. 2.1. The AI Innothon is organized by AutomationEdge. These terms and the event will be promoted through the official website of the event at www.automationedge.com.

3. Facilities and Infrastructure

1. 3.1. The AI Innothon participants will develop a solution on said problem statements at their respective locations, beginning at 12:00 on Dec 21, 2019 to 23:59 on Jan 25, 2020.

2. 3.2. AutomationEdge reserves the right to change the location and date of the event provided for in the preceding paragraph due to logistical reasons and at its sole discretion.

3. 3.3. Participants consent that AI Innothon facilities and infrastructure are for the exclusive use of this event.

4. 3.4. AutomationEdge will ensure the technical infrastructure necessary for the event.

5. 3.5. Participants will be responsible for their own IT equipment, such as laptops or mobile devices.

6. 3.6 AutomationEdge will not be responsible for providing food to all participants during the event.

4. Participants and Applications

1. 4.1. An individual or a team with a technical background is/are eligible to participate in the AI Innothon.

2. 4.2. Formal application shall be submitted at the official AI Innothon website – https://automationedge.com/innothon/   We accept ideas on a rolling basis till Jan 25 2020.

3. 4.3. The application shall be accompanied by the complete identification of each one of the team members, particularly: Full name, birth date, email, and social media profile(s). The organization ensures the confidentiality and protection of all personal data provided for participation in the AI Innothon. AutomationEdge has the right to use the data to promote AutomationEdge campaigns.

5. Event Details

1. 5.1. The AI Innothon is a competition intended to encourage the creation and development of a solution that responds to the challenge posed by AutomationEdge.

2. 5.2. The AI Innothon will be conducted in two parts. In the first round, the participant has to submit a solution approach on AI Innothon website on or before 11:59 PM on Jan 25, 2020. We accept ideas on a rolling basis untial the above mentioned deadline. The participant qualified in the first round will be notified through a digital communication medium. The qualified participant will have to submit the code with a video of code executing and an architecture diagram.

3. 5.5. After the submission of the solution, the judge or judges will deliberate in accordance with the criteria provided for in paragraph 7.1 of these terms to select the winners.

4. 5.6. The event will conclude after the announcement of the winners.

6. Panel of Judges

1. 6.1. The panel of judges will be composed of a maximum of AutomationEdge members, and other guests with recognized experience in the subject matter of the AI Innothon.

2. 6.2. One of the panels will be appointed as chairman, who will be responsible for coordinating and ensuring the progression of the work and the panel’s final decision.

3. 6.3. The decisions of the panel will be made by a simple majority. The chairman shall have the right to cast the deciding vote, if needed.

4. 6.4. These decisions will be made at the panel’s sole discretion. No team or team member shall make any claim or appeal against the decisions, either interlocutory or final, of the panel.

7. Selection of Winner(s)

1. 7.1. For the selection of the winner(s), the evaluation criteria of the apps to be used by the panel will be:

9. Acceptance of and Agreement to Terms and Conditions

1. 9.1. The application to the AI Innothon implies the full acceptance of these terms and conditions.

2. 9.2. Participants agree to the following conditions for the application and participation in the AI Innothon:

   1. 9.2.1. The solutions developed shall not feature any references of a sexual nature, explicit or suggestive, shall not be offensive, obscene, pornographic or violent or derogatory to any ethnic, racial, religious, professional or age group. They should not encourage any form of hate or group hate nor contain derogatory comments about (company name) or its products or services, or other people, products or companies.

   2. 9.2.2. The solutions developed shall not advertise illegal drugs or firearms (or the use of either), or any activity that may convey unsafe, dangerous or political messages.

   3. 9.2.3. The solutions developed shall not present registered trademarks or logos owned by third parties or advertise or promote any brand or product of any kind.

   4. 9.2.4. The solutions developed shall not contain materials protected by copyright or property of third parties (including photographs, sculptures, paintings and other works of art or images published on websites or on television, movies or other media). Participants shall ensure that the ideas/prototypes/apps proposed are innovative and original.

   5. 9.2.5. The solutions developed shall not present any names, images, photographs or other evidence that identify any person, living or dead, without explicit authorization from them or their representatives.

   6. 9.2.6. During the AI Innothon, participants shall act with the utmost courtesy and respect for all persons and entities involved in the event.

3. 9.3. Failure to comply with the terms and conditions provided for in this clause may result in, by the decision of the panel of judges, at its sole discretion, the exclusion of the participant and/or team from the AI Innothon with no claim or appeal.

10. Intellectual Property

1. 1. 10.1. By participating in the AI Innothon, participants acknowledge and accept, for all legal purposes, that:

      1. 1. All intellectual property rights are exclusively owned by AutomationEdge, including copyright and related rights on the ideas/prototypes/apps and their components, whose design and development the participants have been involved in during the AI Innothon. Participants therefore assign, freely and for an unlimited time, all intellectual property rights they may have on these ideas/prototypes/apps and their components to AutomationEdge.

      2. 2. AutomationEdge shall not have, at any time, any obligation to inform or request any type of authorization regarding the use, development and/or change of ideas/prototypes/apps and their components whose design and development the participants have been involved in during the AI Innothon.

11. Questions or Suggestions

1. 1. 11.1. For clarification, applicants and participants shall first refer to the information available on the AI Innothon website: https://automationedge.com/innothon/

   2. 11.2. For any further information or suggestion, the following email address should be used: [email protected]

   3. 11.3. Any omission shall be settled by the panel of judges, pursuant to Clause 6 of these terms.