Data Mining Competiton
The topic of this year's data mining competition is the prediction of the costs related to the execution of forwarding contracts. The data sets made available to participants will contain many years of history of orders appearing on the transport exchange, along with details such as the type of order, basic characteristics of the shipped goods (e.g., dimensions, special requirements), as well as the expected route that a driver will have to cover. The task for the competition participants will be to develop a predictive model that will assess the actual cost of individual orders as accurately as possible. Such a model will be used in the future to support Freight Forwarders in selecting profitable contracts.
The sponsor of the competition is Control System Software – a software company that has been delivering solutions for the Transportation, Spedition, and Logistics industry for 20 years. Attractive prizes are provided for the competition participants:
- 1,000 USD for the winning solution (+ the cost of one FedCSIS 2022 registration)
- 500 USD for the 2nd place solution (+ the cost of one FedCSIS 2022 registration)
- 250 USD for the 3rd place solution (+ the cost of one FedCSIS 2022 registration)
Moreover, Control System Software may award an additional prize (250 USD + the cost of one FedCSIS 2022 registration) to the team that develops the most practical solution to the task.
The competition will be held at the KnowledgePit online platform managed by QED Software – the company which is specialized in the development and deployment of innovative AI / ML / Big Data products and solutions.
A detailed competition schedule will be revealed soon – stay tuned.