Risk Edge secures Top position in Yield Prediction Challenge

By: Risk Edge Solutions P Ltd
 
HYDERABAD, India - July 5, 2019 - PRLog -- Today, Risk Edge Solutions, a leading provider of AI and ML solutions for Commodity and Energy company, announced that it has secured top position in Yield Prediction Challenge conducted by a South-East Asia based Forbes 2000 Global Agri company. The Challenge was open to all empanelled vendors of the company, along with internal teams and teams from academia. Risk Edge, given its' expertise in this area, was invited to participate in the challenge.

Speaking on this win, Nitin Gupta, the CEO of the company, said "We are honored to have been invited to participate in this challenge by such a large and well-established company. We are even more thrilled to have secured the top position in the challenge. This re-affirms the trust our clients pose in our data science team and our ability to deliver. The fact that several other large companies from both, consulting and product space, were competing with us in this challenge, makes it a big achievement for us !"

The challenge was thrown open with a large dataset, and all the participants were given a month to report the results back. The results were to be analyzed for accuracy of crop Yield for different periods - monthly, quarterly and half yearly and with different models.

Speaking about the challenge and it's complexity, Mr. Gupta said "It was a challenge to analyze a large dataset with many different file formats - like, images, maps, text files, several spreadsheets, etc., in such a short time. However, given our domain expertise in this area, we were able to understand and organize the input dataset rather quickly. After normalizing the data, we engineered many features based on the inherent relationships that we observed and extracted from within the dataset. We also ran over 500 different models on the data and selected the top 4 models with the highest accuracy."

About Risk Edge Solutions P Ltd:

Risk Edge is a leading provider of AI, Machine Learning, and Risk Analytics solutions for global Commodity and Energy Companies. Founded in 2013, Risk Edge has implemented several types of Predictive and Risk Management solutions for various companies across the globe, some of which are part of the Forbes 2000 list. Using AI and Machine Learning, Risk Edge has solved and implemented many solutions for predicting demand, supply, yields, prices, machine failures, credit defaults, etc.

http://www.riskedgesolutions.com

Media Contact
Nupur Gupta
info@riskedgesolutions.com
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Source:Risk Edge Solutions P Ltd
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Tags:Machine Learning
Industry:Agriculture
Location:Hyderabad - Andhra Pradesh - India
Subject:Awards
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