Customers are becoming more and more independent, not just in the digital world but also in bricks and mortar retail. As an alternative to the classic checkout which can sometimes involve long lines, self-checkouts in the form of self-service checkout stations or mobile self-scanning are quickly on the rise. However, along with this increase in freedom comes a growing opportunity for fraud and it has become necessary to develop a solution to effectively monitor the scanning processes.
The announcement of this task kicks off DMC 2019. Starting now, registered student teams can download the task at www.data-mining-cup.com and they have six weeks to submit their solution. This year, teams are to use the example of an established food retailer to expose as many cases of self-scanning fraud as possible without scaring away innocent customers with the monitoring process. Participants are given real, anonymized data as the basis for the mathematical model.
Since the start of the DATA MINING CUP in 2000, prudsys AG has been challenging international teams with a tricky new task every year. Students can apply their theoretical knowledge to conduct intelligent data analysis on actual scenarios from real life. This year, 110 teams from 90 educational institutions in 22 countries including India, Brazil and Finland have already registered.
Students can register their teams until 15 May. The deadline for submission is the next day. Prizes will then be awarded to the best up-and-coming scientists as part of the retail intelligence summit on 3 July 2019 in Berlin.
All of the dates and information regarding DATA MINING CUP 2019 can be found at https://data-mining-cup.com/.
For information about the retail intelligence summit go to https://summit.prudsys.de.
prudsys AG is the leading provider of agile AI technologies for omnichannel retail. The prudsys Realtime Decisioning Engine (prudsys RDE for short) automates personalization and pricing processes across the entire value chain. This allows retailers to offer customers a seamless shopping experience of the utmost personal relevance at every sales channel while simultaneously maximizing customer loyalty and earnings.
prudsys AG has been on the market since 1998. As a pioneer in the fields of real-time personalization and automated pricing, the Chemnitz-based company has been actively working to shape the development of omnichannel business from the start. prudsys AG customers include companies such as babywalz, bonprix, C&A, Coop, Douglas, Klingel, Obi, Sanicare, Thalia and Würth.
prudsys AG is considered a best-of-breed provider. Its in-house research department works tirelessly to further develop intelligent algorithms and test innovative methods for omnichannel business. The company is the holder of numerous patents and places great importance on cooperation with renowned scientific institutions.
prudsys AG has hosted the DATA MINING CUP since 2000. Every year, over one hundred universities and thousands of students take part in the internationally renowned competition for intelligent data analytics and forecasting. prudsys AG has thus been successfully bridging the gap between theory and practice.
prudsys AG is part of the GK Software Group. GK Software SE is a leading developer and provider of standard software for the retail sector.
prudsys AG
Zwickauer Straße 16
09112 Chemnitz
Telefon: 0371 2 70 93-0
Telefax: 0371 2 70 93-90
http://www.prudsys.de
Marketing Manager
Telefon: +49 (371) 27093-76
E-Mail: d.drechsel@prudsys.com