Huawei-NUS Innovation Challenge seeks the best business analytics ideas for S$10,000

In a first, the competition will be open to all students from universities and polytechnics in Singapore

Singapore, 27 January 2023 — Students from universities and polytechnics in Singapore can test their business analytics skills in an upcoming competition which will reward winning teams with hefty cash prizes. The Huawei-NUS Innovation Challenge is jointly organised by the National University of Singapore Business Analytics Centre (NUS BAC) and leading global information and communications technology (ICT) provider Huawei International, Huawei's subsidiary in Singapore, in partnership with Audaque Data Technology. The challenge will kick off on 9 February 2023.

NUS BAC is jointly supported by NUS Business School and NUS Computing and offers the Master of Science in Business Analytics (MSBA) programme. Since 2014, NUS BAC has organised annual business analytics competitions in partnership with top industry players to spur innovative solutions for real-life business problems.

Associate Professor James Pang, Co-Director of the NUS BAC, said, “Over the years, we have had very supportive partners working with us to ensure that the experience is relevant and enriching for participants. This year marks NUS BAC’s 10th anniversary, and we are happy to team up with Huawei to encourage participants to develop transformative ideas with AI and cloud technologies for the finance industry.”

“Interest in the annual challenge has also grown over the years. We are pleased to announce that this year’s competition, which was previously only for NUS students, will be open to students from all universities and polytechnics in Singapore. This makes way for more knowledge sharing and collaboration amongst students from different educational institutions, which could lead to greater achievements,” he added.

This year, participants will work together in teams of four to six to build a stock trading model based on historical transaction data that allows users to “buy low, sell high” at the best timing.

“We are proud to collaborate with NUS Business Analytics Centre on this Innovation Challenge,” shared Mr Zeng Xingyun, President of HUAWEI CLOUD APAC. “HUAWEI CLOUD strives to be one of the most comprehensive cloud service providers in the region. To achieve this goal, we will continue to tap on partnerships such as this to cultivate and nurture local talents that are agile, data-driven, and results-oriented. We believe that this will empower a generation of developers with fresh perspectives and mindsets to build a robust ecosystem, while creating shared values for global partners and customers.”

As part of a previous Memorandum of Understanding (MoU) signed between Huawei and NUS BAC, HUAWEI CLOUD will provide ModelArts, the company’s one-stop AI development platform for the innovation challenge. This will allow developers of any skill level to rapidly build, train, and deploy models anywhere – from the cloud to the edge.

Interested students can visit https://www.sg-innovationchallenge.org/ for more competition details. The organisers will also host a kick-off explanatory session on 9 February, 6 to 9.30 pm, at NUS School of Computing’s Lecture Theatre 19.

Shortlisted teams will receive coaching from the organisers to prepare for the finals. The winning team will walk away with a Grand Prize of S$10,000, while teams who come in second and third place will walk away with the Second Prize and Third Prize of S$5,000 and S$3,000, respectively.