20 Data Driven​ Products from YES Datathon

YES Bank has significantly ramped up its focus on data management and analytics. Few days ago, they conducted the finale of YES Datathon from December 22 to 23 in Bangalore. This was India’s first bank led Datathon aimed at augmenting YES BANK’s embedded data analytics and ML units to drive rapid prototyping of AI/ML based products, optimize digital product suite, and enhance product/service design and delivery, in an accelerated 100 day period.

The initiative saw participation from over 6000 data scientists/engineers and developers who participated in diverse Machine Learning challenges.

The top 200 teams comprised of students from top technology institutes like IIT Bombay, Chennai, Kharagpur based and ISI Kolkata along with professionals from organizations like IBM, Walmart Labs, Siemens, and Amazon Development Centre among others. The teams received support from over 20 data science experts from across industries who helped them in the product development process.

At the finale, the top 50 teams showcased their final models which were trained and tested on more than a terabyte of created and tokenized datasets – the 10 best solutions won cash prizes worth Rs.20 lakh. 

The winning team Oracle was adjudged ‘Data Wizards’, for creating a ‘360 degree model for profiling of every customer to predict next best action’. Team Insight from Sri Lanka was adjudged the best student team and was also one of the top 5 teams. This student team developed a model for ‘predicting customer product and service affinity’.

The top 20 models identified by the Bank will be taken live within a month and the remaining will be moved to the Bank’s product library to be iteratively developed and taken live within a period of three months. This will also be a first of its kind data product library which will be iteratively expanded to 100+ products within 6 months.

Going forward, YES BANK will also host AI/ML challenges and data engineering workshops to deepen practical and technical know how of future technology leaders and to facilitate this, has partnered with top IITs and BITS Pilani to further develop the data science ecosystem, allowing students the opportunity to build algorithms and data models in a deployment readyenvironment. 

The 6 Machine Learning challenges hosted in partnership with the IITs and BITS will lead up to Datathon 2019 to be hosted in June 2019.