Real-time price discovery at e-marketplaces

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  • "Contest Start & End Date "Jan 27, 2021, 12:01 AMApr 26, 2021, 9:00 AM (Asia/Calcutta)"Entry Submission Start & End Date "Feb 9, 2021, 11:59 PMApr 11, 2021, 11:59 PM (Asia/Calcutta)"Voting Start & End Date "Apr 12, 2021, 9:00 AMApr 25, 2021, 11:59 PM (Asia/Calcutta)
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  • Context:
    Telangana AI Mission (T-AIM) has been established by the Government of Telangana State under the aegis of ‘2020 Year of AI’, with a vision to launch Telangana as a global hub for Artificial Intelligence and foster social innovation.

    Agriculture is a key area of focus for the state. With the intention of sourcing best in class AI solutions in the field of agriculture, T-AIM is launching Innovation Factory. It is a series of Grand Challenges wherein participants will compete to develop innovative AI Solutions for specific use-cases in Agriculture.


    Use Case :


    Real-time price discovery & volume management at e-marketplaces


    Background:


    The Agricultural market cannot just be explained by the simple principle of supply and demand. Rather, it is an interplay of many variables that ideally should be used in the price-discovery of crops. Post-harvest, farmers generally rely on the local prices set at mandis/marketplaces to sell their crops. It has been witnessed that using historical and real-time data, machine learning models could be built to predict real-time prices and also help manage crop volume.   


    Selected Crops:



    • Maize

    • Groundnut

    • Bengal Gram


    Objective:



    • Build a machine learning model to discover real-time prices for identified crops across e-marketplaces and accordingly manage volumes.


    This is an opportunity for innovators to:
    • Assist the Government of Telangana in helping farmers increase their income by working on three selected use-cases
    • Showcase their AI solution development capabilities at a larger scale
    • Avail an opportunity to implement a pilot within the State of Telangana, with mentorship support from Government of Telangana entities
    • Win a prize of INR Four Lakhs (Winner) and INR Two Lakhs (Runner-up), per-use-case


    (Prize includes cash + AWS credits)



    Eligibility Criteria:
    • This challenge is open for Start-ups/Institutions operating within India