EY announces winners of the Intelligent Automation Hackathon
- 24 teams, 100 participants, 24 hours of problem solving and continuous solution development; 2 teams emerged as winners
- The winning teams developed prototypes for a Contract Reader tool and TDS Payable Compliance Manager
- The Hackathon saw an interesting mix of participants from diverse talent communities including code developers, UI/UX experts and chartered accountants
New Delhi, 13 November 2017: Capping off an exciting 24-hours of continuous solution development, EY, the leading global professional services organization, announced the winners of the second edition of the EY Hackathon in India. The first-of-its-kind Intelligent Automation hackathon saw over 100 participants including developers, coders, UI/UX experts and chartered accountants who came together to develop intelligent automation applications for critical business functions.
The hackathon challenged the teams to develop innovative digital prototypes and applications to help simplify dynamic business functions such as tax, compliance and supply chain among others with the use of disruptive technologies such as Robotics Process Automation, Machine Learning, Natural Language Generation and Natural Language Processing.
The participants worked in a 24 hour sprint-like challenge to build prototypes for a selection of unique use cases while benefitting from mentorship, technology stacks and cloud infrastructure from EY, and it’s Alliance Partners - Automation Anywhere, IBM and Microsoft. In a closely fought contest that saw many viable applications, the two winning prototypes were awarded on the basis of their uniqueness, scalability and their applicability in business situations.
Farokh Balsara, Partner & Markets Leader, EY India, said:
“Emerging digital technologies are at the forefront of the many transformational changes which we are witnessing in India today. With our series of EY Hackathons, we are attempting to bring together diverse talent communities to collaborate in solving some of the big present day business issues that organisations face while undergoing this transformation.”
Team ‘Ignited Minds’ comprising of four engineering students from University School of Information & Communication Technology, developed a Contract Reader Tool involving a bot that performs contract completeness check, extraction of relevant clauses, performs applicability checks and subsequently shares the result report.
Team ‘Spurs’ which included one engineering student from University School of Information & Communication Technology and three EY professionals (Two Chartered Accountants and one engineer) won the tax use case challenge. The four member team built a model that predicts the most likely rate of TDS applicable on a particular transaction by reading keywords from the invoice or purchase order and mapping them against the programmed rate master.
Guru Malladi, Partner, Advisory Services, EY India, said:
“EY is committed to create and provide such collaborative platforms that encourage innovation and addresses complex business problems. I would like to thank everyone who took part at the Intelligent Automation hackathon, and congratulate all of these talented developers, coders, UI/UX experts and chartered accountants for developing prototypes to solve real life business challenges in the space of tax, compliance and supply chain using disruptive technologies such as artificial intelligence and robotics process automation.”
Garima Pande, Tax Partner and National Leader, Business Tax Services, EY India, said:
“The tax technology landscape is rapidly maturing and it is imperative for organisations to be agile and ready to deal with this wave of digital disruption. Focusing on the agenda to help tax functions to be ready for the future, the teams at Intelligent Automation hackathon worked on some fascinating prototypes and I believe that some of these prototypes will support and benefit the dynamically evolving tax function in India.”
Farokh Balsara added:
“We will continue to create such platforms for integration and co-development among diverse talent communities as we work with businesses to help them feel confident while navigating this uncertain landscape.”
The EY Hackathon - Intelligent Automation commenced early morning on Saturday, 4 November 2017 at GoWork@108, Udyog Vihar, Gurgaon and concluded late evening on 5 November 2017.
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