K-Electric through its press statement has announced that the company has become the first ever corporate in Pakistan to pose a real time data mining challenge in the Pakathon Data and Design Connect 2014. The event in collaboration with the MIT Enterprise Forum of Pakistan was launched back in May 2014. Universities which participated in Pakathon this year included IBA, IVS, FAST, MIT, Boston University, Karachi University, Bahria University, NED and Szabist.
The press statement added that organizations that posed challenges other than K- Electric included, Aman Foundation, Civil Hospital and Engro, where students were asked to come up with innovative ideas and solutions for operational challenges that these companies and institutions faced.
KE’s challenge was focused to devise data driven solutions to curb theft in high loss areas and consequently reduce load shed. The response was overwhelming and five teams were shortlisted including a team headed by an MIT professor. In the end one team with the best ideas and solutions was selected as the winning team by KE’s operational team and was awarded PKR 200,000 by KE.
Spokesman KE added, “We are proud to be a part of this where such talented individuals come up with solutions for organizational operations. We will be testing out some of the solutions provided by the winning team for the next few months for adaptability and reliability”.
SOURCE: PRESS RELEASE