HKUST Student Teams Excel in IOT Data Hackathon 2024

We are thrilled to share some fantastic news from the IoT Data Hackathon 2024 where teams from HKUST have demonstrated exceptional skill and innovation, securing both the Champion and 1st Runner-Up titles in the Student Stream.

Champion - Team CHML

Team CHML, made up of six Year 1 Business Students, took home the championship with their pioneering project designed for PARKnSHOP. Their solution features two integral systems:

  • Forecast X: This system leverages the LightGBM forecasting model to enhance inventory precision. It intelligently incorporates variables like promotions and extreme weather conditions, ensuring that stock levels are optimally maintained.

  • SmartStock: Focused on improving shelf replenishment efficiency, this tool utilizes real-time monitoring coupled with AI-driven alerts. The result is a notable enhancement in operational efficiency and customer satisfaction, effectively addressing the critical issue of stock shortages.

 

1st Runner-Up - Team Roommates

Close on the heels of the champions, Team Roommates earned the 1st Runner-Up spot with their innovative approach to optimizing the usage of EV charging stations. Their project includes:

  • Dynamic Pricing Strategy: This adaptive pricing model adjusts charges based on current supply and demand, optimizing station utilization and increasing profitability.

  • Balanced Charger Utilization: Their system smartly manages the use of AC and DC chargers to prevent misuse and ensure efficient operation.

The solution not only supports efficient management but also enhances real-time user experience and aligns perfectly with environmental sustainability goals.

 

We extend our heartfelt congratulations to all the students who participated. Your hard work, creativity, and teamwork have truly paid off. A special thank you goes to the mentors and supporters who played a crucial role in guiding our teams toward this outstanding achievement. Your dedication and expertise have indeed been instrumental.

 

Let's continue to innovate and lead the way in technological advancements. Here's to pushing the boundaries of what's possible! Go HKUST!