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Just a quick note to those participants competing in Round 2 of the 2014 TEXATA Big Data Analytics World Championships this weekend. The majority of championship marks will be allocated to a large business case study focused on Thomson Reuters (www.thomsonreuters.com). By way of background, Thomson Reuters is the world’s largest source of intelligent information for businesses and professionals with annual revenues of $13 billion and over 60,000 employees in 100+ countries. Thomson Reuters is an incredibly successful company – with a tremendous passion for learning about the power and possibilities of Big Data Analytics in industry and informational enterprises.
Preparations Tip: Focus on Strategy, Creativity and Industry Understanding
The style of Round 2 is very different to Round 1. Unlike Round 1 which was fast-paced, diverse and very time-intensive, Round 2 moves towards a more strategic, creative, open-expressive style of Data Science. The Thomson Reuters case study will be judged based on the creative business insights and how your solution can explore new, exciting opportunities for a world-class Financial Services leader during the 4 hours (240 minute) Round 2 session.
TEXATA’s Question Team suggests you start to think about the different types of insightful questions and case studies that would add real-world value to the diverse challenges of global Financial Services (e.g. transactions, news archives, data sets, etc). Take your time beforehand to understand the business, the strategy, the community and operational activities of Thomson Reuters. Make sure you also think about the limitations and business executional challenges in delivering a return-on-investment for your proposed solution. It will no doubt assist you greatly in the coming days. Strategy and planning is as important as hard work – and doing the groundwork will provide you with a real chance to differentiate your solution in the World’s Top 12 performances and earn yourself a life-changing visit to Austin Texas from Friday 21st- -Sunday 23rd November 2014. We hope this tip helps. Congratulations again on reaching Round 2. We’re announcing the World’s Top 12 next week – you could be there.
“Fortune favors the prepared mind.” – Louis Pasteur
P.S. Background Reading on Thomson Reuters:
Here’s a few quick links for background reading on Thomson Reuters and their passion for Big Data Analytics in Financial Services and Intelligent Information. It’s worth taking a few moments to read.
Congratulations to the 2,000+ participants in Round 1 of the inaugural TEXATA 2014 Big Data Analytics World Championships over the weekend. We hope you enjoyed the great challenge – it was fun, fast, rigorous and time-intensive 4-hours! Feedback was very positive on the questions and the overall educational experience. We also picked up some helpful improvements for Round 2 and future years. Well done to the global Question Design Team whom did an outstanding job with the wide-range of practical and technical topics that we’re representative of real-world Data Science and Big Data Analytics in business and industry. It’s always hard in Round 1 of an inaugural competition to design an independent challenge – and we look forward to making future TEXATA Rounds bigger, better and bolder.
10 Facts and Figures from TEXATA Round 1
General Feedback from Round 1
1. Big Data – Make It Available Earlier
A handful of people had difficulty rapidly downloading the Amazon s3 dataset (i.e. 98% of participants were able to successfully download the data). In the future, we are going to try to allow people to download the data beforehand to avoid this situation and allow 100% of people to enjoy the TEXATA event. We also choose a public data set for Round 1 to give everyone every possible chance.
2. Round 1 – Not Enough Time?
Everyone was under immense time pressure in Round 1. We need to make the challenge hard. With international elite professionals, talented students, universities and business represented from 100+ countries – the timeclock needs to be an important differentiation mechanism. The world’s best and brightest data scientists and big data practitioners are capable of producing outstanding insights under time-pressure because that is an important part of performing in a modern results-orientated world. This was the inaugural year TEXATA has been run, so assuredly in Round 2 and future years people will know what to expect – time-pressure drives excellence! Big data analytics is still an emerging and challenging discipline – our belief is that data scientists in business and industry will be one of the most important groups of professionals over the next 100 years. We try to write questions and case studies that let data scientists commit to making clear, focused, value-adding and commercially-minded decisions under time-pressure that can really help business, industry and communities accelerate.
3. Great Questions
We had overwhelming feedback that for a Round 1 Qualification Round, the questions were spot on. They weren’t too niche-oriented, nor did they require too much domain-specific knowledge. Overall, Round 1 covered a wide-range of topics, concepts, ideas and technical areas. With more time, I’m sure many people would have performed even better.
4. Happy with Time Zones
Almost everyone was very happy with the timezone – except maybe Australia, New Zealand and some Asian Countries which started the test at 2:00am in the morning. Round 2 will be the same start-time worldwide. Nonetheless, in 2015 we’ll revisit this to see if we can improve and equalize the timezones and analyse whether another timeslot is preferable (remembering that 100+ countries participate simultaneously, someone needs to wake up at 2:00am!).
5. Getting Ready for Round 2 – Financial Services Case Study
Successful participants progressing to Round 2 will enjoy access and working on a special real-life business problem of Thomson Reuters (http://www.thomsonreuters.com)– so get your financial services, transactional and big data analytics hats on. The style will be similar to Round 1 – be ready to deliver creative business solutions.
We will release all the questions and solutions from Round 1 at the completion of the 2014 World Finals to give all participants every opportunity to become better equipped for TEXATA 2015.
Good luck on 1st November 2014 to all Round 2 Participants!
We are delighted to announce today that Bart Lauwers of Asia’s largest IT technology giant, NTT Data Corporation, will join the judging panel for the inaugural 2014 Big Data Analytics World Championships Finals in Austin Texas from 22nd-23rd November 2014.
“Bart brings world-class IT Strategy and business versatility to the TEXATA 2014 Judging Panel. Bart speaks English, Dutch, French and Germany fluently which greatly supports our European participants. He deeply understands Big Data Analytics and tech-driven innovation. He represents leading Asian Technology powerhouse, NTT DATA on the international stage as Asia’s leading “Global IT Innovator”. Bart is deeply respected within the Texas community and peers which makes him an ideal choice for the inaugural event” commented John R Persico, Executive Director of TEXATA 2014.
About NTT DATA
Japanese-Headquartered NTT DATA Corporation is one of the world’s largest IT Services companies with annual revenues of $15 Billion and over 75,000 employees. Headquartered in Tokyo, NTT Data business operations span more than 35 countries across the world. The Company mainly operates in four business segments. The Public & Financial segment provides high value added IT services based on social infrastructure such as government, medical care, finance, settlement. The Enterprise IT Service segment provides high value added IT services which supports manufacture, distribution, service, media and communication businesses. The Solution Technology segment provides infrastructure solution supporting advanced IT services. The Global Business segment provides high value added IT service to overseas markets. www.nttdata.com
Professional Services Champions League (“PSCL”), together with its global sponsors and event partners, is delighted to announce the dates for the upcoming inaugural 2014 Big Data Analytics World Championships (“TEXATA”) to be held in Texas, USA.
Official 2014 Big Data Analytics World Championships dates are as follows:
• Round 1 – Online Qualification: Saturday October 18, 2014
• Round 2 – Online Qualification: Saturday November 1, 2014
• Live World Championship Finals Event – Held in Texas, USA: Saturday and Sunday November 22 & 23, 2014
How It Works
Each competitor will individually answer a variety of multiple choice questions and Big Data Analytics-related case studies – including Practical, Theory and Data Techniques and Understanding. There will be specific questions related to Big Data and Business Analytics sets that focus on exploring business approaches and accurate predictions for driving business decision-making.
Rounds 1 and 2 will be conducted entirely online. Participants can only compete individually. The World Championship is technology agnostic – therefore participants are free to use any technology vendors and products. Participants require familiarity with the basic data analytical techniques involved with managing the large and complex volumes of data with heterogeneity, diversity and developing meaningful analytical insights. Complex case studies will focus on areas of Financial Services, Mobile and Social. Rounds 1 and 2 are structured similarly, with the top participants progressing to Round 2 which will involve greater technical, conceptual and commercial difficulty.
Live World Finals Event – Texas (USA)
The top 16 World Finalists will be flown to Texas, USA to the cities of Dallas and Austin. Each will compete for the title of Big Data Analytics World Champion. World-leading judging authorities will be announced in the coming weeks.
Corporate Sponsorship and Media Partnerships
Key global sponsors and community partners will be announced in the coming months. Please direct all sponsorship and media enquiries to the contact details below.
For further information and registration to this global event, visit: www.texata.com
Media & Sponsorship Enquiries
Mr John Persico
TEXATA Global Lead Organizer
Participant & Finals Enquiries
Mr Johann Odou
TEXATA Global Finals Organizer