Ready to harness the awesome benefits of data science, but think they’re outside your reach? We put the power of these technologies to work for companies that, until now, were locked out due to high costs and resource requirements.
Most start-ups and SMBs do not have the talent or resources needed to experiment with sophisticated data science or machine learning algorithms to find innovative solutions to their business problems
Companies of all sizes and budgets are able to launch a time-bound competition with a budget-friendly cash prize, engaging hundreds of data scientists in our global community.
Upon conclusion, you will receive the winning algorithm/machine learning model, as determined by our testing tools. You will have exclusive rights to its use for your business.
We realize that for many of our first-time clients, sponsoring a data science competition may seem lilke a complicated affair. Fear not! We are here to ensure that you enjoy a smooth and rewarding experience every step of the way. First, let’s outline the typical competition sponsorship process.
We have a platform capable of hosting competitions, uploading files, evaluating them and ranking the best results in the competition. You will also be able to know the rankings of all competitors at any time throughout the competition.
No two data science problems are the same. Your business faces unique challenges, driven by your business strategy and market conditions. You will have great flexibility for designing an ideal combination of competition options to optimize your ability to meet your goals and objectives. If you are new to data science competitions, we will work with you to understand your needs, and recommend the optimal set of options, so you get the highest return on your investments. Below are examples of the more common sets of options to help you get started
|Problem Complexity||Low-level complexity||Mid-level complexity||High-level complexity|
|Setup||Self-setup||Our team will support you||Our team will support you|
|Data sets||You must have the dataset ready||Our team will support you||Our team will support you|
|Prize Winners Prize distribution||Prize awarded to the first-place contestant||Prize awarded to the top two contestants||Prize awarded to the top three contestants|
|Typical duration Competition length||1 weekend - 1 week||1-8 weeks||2-6 months|
|Solution What you get||Top 1 competitors' algorithms||Top 2 competitors' algorithms||Top 3 competitors' algorithms|
|Access to the all the participants Access to our entire talent pool||
|Intellectual Property Code Intellectual Property||
|Resumes Access to competitors' Resumes||
|API Integration Solution integration via API||
|Featured Featured space on the platform||
The level of complexity is defined by a number of factors. We begin by understanding the difficulty and scope of your business problem. We then evaluate the technical components, such as availability of data and type of algorithm to be used. We realize that this can be an area of confusion, especially for our first-time customers. Thankfully our in-house experts have developed a problem framing tool , which can examine your input, and quickly recommend the right sponsorship plan for you.
Easy! We developed a problem framing tool that helps you understand how we calculate the complexity of the competition. Of course, if you are not clear about it, we’re here to help you with the whole process.
You should start by defining a clear business goal that you’re trying to reach, and how you will apply the resulting algorithm. To launch a competition, you will need to specify the details for our competitors. This includes the problem you’re trying to solve, the data you want them to use for analytics and model training, and the metrics you wish to use to select the winner. We are here to help you with each component, and when appropriate, we will work with third-party experts to ensure that you get the maximum value from each competition.
To launch a competition, we should have the data related to the problem you’re trying to solve. It should be clean and organized - so that the participants can focus on building an effective model around it. If you are not clear about this step, we can help, and if necessary, work with third-party experts to get it done.
Winners are selected by our platform, according to the metrics defined before the competition. The platform features an automatic evaluator that rank orders all the submitted solutions in real time. Competitors normally submit a considerable amount of models during each competition as they measure, iterate, and arrive at the optimal solution. At the competition close, the top ranked competitors submit their complete models, so we can objectively evaluate them and announce the ultimate winner.
We know that some machine learning problems are less complex than others. We also recognize that your business needs solutions as soon as possible. Therefore, when possible, we will recommend a faster turn-around, so you can get the results and put them to work for your business as soon as possible - all without compromising the quality of our product. By running short-duration competitions for lower-complexity problems, we incentivize our competitors for greater motivation and focus on solving your problem. In turn, our experts appreciate the added opportunity to earn more prize money and to participate in more competitions. Of course, for problems of greater complexity, we will work with you to recommend the optimal balance between prize value, duration, and other variables to meet your needs.
Once the winner is announced, we award the prize to the winning competitor(s), and you will receive the top-ranked machine learning(ML) model. The ML model is the algorithm that will allow you to solve the problem you specified at the beginning of the competition. We will also transfer all the intellectual property rights to you, so your company will be the only entity licensed to use this solution. The algorithm itself will be delivered in a Jupyter Notebook and/or Python file, each containing the necessary code for its implementation in your business infrastructure.
This is where you get the ultimate benefit of your competition. Once you receive the winning algorithm, you can implement it in your internal systems, or deploy it immediately by using our API. If you’re not clear on this step, we can walk you through the process. If needed, we will work with third-party experts to ensure a smooth hand-over and implementation.
Our fees are determined by several factors - such as the complexity of your problem, availability and readiness of your data, and the amount of assistance you will need to integrate the winning algorithm into your business operations. We realize that many of our customers are operating on a tight budget, and making AI accessible to them is at the core of our business philosophy. We’d love to talk to you and discuss the details!
Yes - you will receive the CV/Resume of the top-ranked competitor(s)
At the moment we do not have the option of direct contact between the sponsor and the participants. If you have any questions about the competition, please write to us. Also if you want to contact them directly with a potential job offer please write to us at: [email protected]
Our talent pool consists of more than 1,500 data science experts, ranging from mathematicians, statisticians, programmers to data scientists, with all kinds of backgrounds: from self-taught to PhDs.
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Data geek, software developer, new technologies enthusiast, specialized in data science and machine learning. Data science mentor and teacher. Enjoys predicting the future, as long as the dataset allows him to do so 😀.