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2014 marks the 4th consecutive year for the International Business Process Intelligence Challenge, making it one of the longer running data science competitions.
The competition challenges entrants to leverage a set of business process data to derive actionable insights for stakeholders. This year's dataset was provided by the multinational financial services firm Rabobank. Teams were asked to evaluate structured data on Rabobank's information technology support operations to identify opportunities for leveraging this data for performance improvement and risk mitigation.
The competition drew entries from a broad range of commercial and academic data science practitioners. Following a juried review of the submissions, CKM Advisors has been named as the winner of this year's competition. A PDF copy of CKM's winning entry is available here. The firm also won the 2012 competition and finished in the top three in 2013.
The announcement was made at the 12th International Conference on Business Process Management in Eindhoven, The Netherlands. The annual meeting is the premier gathering of process mining analytics professionals, including the IEEE Task Force on Process Mining.
Nicholas McBride, a member of the winning team, commented that "this work highlights the increasing value that data mining and analytics bring to businesses that seek to fundamentally understand the data that they already have. Business processes inevitably leave a trail of digital echoes through their everyday operation. By listening to this data are able to understand the true shape of each process better than ever and thereby identify opportunities for actionable improvement."
Materials for the annual open competition are typically released in the early spring of each year, with a final submission deadline around July.
(Quoted excerpts reprinted with permission from CKM Advisors)