A team of Indian Institute of Technology, Kanpur (IIT-K) students has occupied the second spot at a machine learning Hackathon organised by Credit Suisse, the multinational investment bank and financial services company.
The national finals of Credit Suisse Machine Learning Hackathon 2018 saw a total of 9107 participants, both professional and students, from across India.
The IIT-K team comprising Tushar Goswamy, Vatsalya Tandon and Surya Teja defeated professional teams from reputed organisations such as Deutsche Bank, Infosys and TCS. The IIT-K team was one of the few college teams that were selected for the finals held at Mumbai on June 8, 2018.
Machine Learning is a hot topical area of research and learning and finds applications in forecasting airline fares, helping insurance companies predict what kind of plans customers are likely to opt for as well as helping banks in detecting financial frauds.
IIT-K has a robust computer science department, in both teaching and research. Its team had recently secured 2nd position at the value prediction championship held with International Symposium on Computer Architecture 2018 at Los Angeles, USA.