CITIC Telecom CPC Data Science and Innovation Team Wins Championship Prize of “Hardware Demand Forecasting”
CITIC Telecom CPC Data Science and Innovation Team Wins “Hardware Demand Forecasting” Prize Championship in the 5th China Industrial Internet Data Innovation and Application Competition
Innovative AI Algorithms and Intelligent Analytics Transform Supply Chain Management
HONG KONG, January 17, 2022 – (ACN Newswire) – CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its Data Science and The innovation team won the “Material Demand Forecast” award championship in the 5th China Industrial Internet Data Application and Innovation Competition. The competition was jointly organized by the China Academy of Information and Communication Technology (CAICT) and the People’s Government of Baoan District, and was strongly supported by the Industrial Internet Alliance and the Bureau of Shenzhen Information Technology and Industry.
2021 has been a banner year for CITIC Telecom CPC where its data science and innovation team has reached new heights. CITIC Telecom CPC earned the highest honor and won the championship in “Artificial Intelligence-Based Malware Family Classification” in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by China Computer Federation. The latest award is the Championship of the 5th China Industrial Internet Data Innovation and Application Competition. Lasted nearly 3 months, the competition attracted more than 6,000 people from more than 2,200 teams to participate. The data science and innovation team of CITIC Telecom CPC entered the competition in the category “Intelligent forecasting of material demand in the discrete manufacturing industry”. The team used different attribute correlation analysis and integrated various algorithms to generate the best predictive value of product material demand and ultimately won the championship.
Under the theme “Digitalization drives intelligence and provides insight into the industrial future”, the competition provides real industrial production and operation data based on the needs of real manufacturing companies. Based on the historical data of raw material demands and inventory level, each team should forecast the demand of each raw material in each factory and provide periodic demand forecast results for the next 3 months to advise the customer. factory in terms of storage and production. CITIC Telecom CPC data science team collected the data and performed relevant materials, scenarios and attribute correlation analysis based on time series, and integrated various algorithms like mathematical algorithms to perform analysis intelligence, thus generating the best predictive value and ultimately won the competition.
“Data science has been widely used in various industries. Its strong intelligent power and rapid development have reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of the comprehensive capabilities of our data experts and our professional team in Industrial Internet Demand Scenarios, Algorithm Modeling Expertise and AI Analytics.It also shows our team’s dedication to innovation and integrating the latest technologies into the company values, which reflect our corporate vision “Innovation never stops”. We will continue to refine the professional skills of the data science team, to prepare our strong commitment in future projects research and innovation.” said Mr. Esmond Li, CEO of CITIC Telecom CPC.
Improve forecast accuracy through smart innovation
Different industries around the world are facing great challenges in their supply chain during the pandemic. Supply chain collaboration is of great importance to businesses, especially in discrete and complex manufacturing. It is important to maximize the power of ICT services as an enabler of using data resources and smart algorithms to improve forecast accuracy. Cloud computing, digitalization, and the Industrial Internet of Things (IIoT) enable companies to implement supply chain collaboration and intelligent production management, helping them to dramatically reduce costs, increase efficiency and risk resistance capacity. In this competition, CITIC Telecom CPC used real data in industrial scenarios to perform algorithm analysis and modeling through its self-developed AI platform for IT operations. The professional use of different attribute correlation analyzes and the integration of various algorithms generated the best predictive value. The result demonstrates the value and vision of smart innovation, leveraging CITIC Telecom CPC’s extensive ICT infrastructure services and their integration with AI technology. By integrating the latest technologies such as smart algorithms, augmented reality, big data, blockchain and IoT into its existing service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values, while expanding industry use cases to enable companies to unlock their business potential. .
About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises worldwide by meeting their specific ICT needs with highly scalable bespoke solutions built on our flagship technology suites, including TrueCONNECT(TM) Private Network Solutions, TrustCSI(TM) Information Security Solutions, DataHOUSE(TM) Cloud Data Center Solutions and SmartCLOUD(TM) cloud computing solutions.
With the motto “Innovation never stops”, we harness innovative technologies, encompassing AI, AR, Big Data, IoT and other cutting-edge emerging technologies to turn technical potential into value business for our customers. As an enterprise digital transformation partner, we strive to help our clients achieve industry-leading positions, high agility and profitability through digitalization.
Through our global and local capabilities, we are committed to providing our customers with superior one-stop-shop ICT solutions. With a global footprint in 160 countries, including Asia, Europe and America, Africa, the Middle East and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 cloud service centers, more than 30 data centers and two dedicated 24/7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications including ISO 9001, 14001, 20000, 27001 and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices. with our global presence and extensive industry know-how, we are becoming one of the leading providers of integrated smart ICT services for enterprise customers.
For more information, visit www.citictel-cpc.com
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