SOUTHBOROUGH, Mass. – (November 17, 2020) – Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced the winners of its NeuralHack Season Four and Business Cipher hackathon events.
Virtusa’s NeuralHack and Business Cipher events support future innovators by harnessing advancements in user experience and technologies across the technical stack to create digital solutions that drive superior customer experience, engineering, productivity, and societal benefit. The winners have been offered career opportunities at Virtusa and were recognized for achievements in building AI-based prototypes for the banking and financial services, healthcare, insurance, and energy industries.
Over 51,000 students from top business and engineering schools registered for the competition to collaborate and build a total of 24 AI-driven solution prototypes within twelve weeks. The prototypes focused on loan default prediction, fraudulent click prediction, fraudulent transactions prediction, product recommendation, and credit card default prediction in banking and financial services; diabetes prediction in healthcare; purchase protection in insurance; and energy consumption prediction in energy.
“Every year, Virtusa gathers the greatest minds from top schools and universities across India to build AI-driven solutions that solve common user experience, data, and performance issues that the industry and our clients face,” said Madhavan Satagopan, executive vice president, Virtusa. “Virtusa’s events like NeuralHack and Business Cipher showcase the skill, talent, and capabilities coming out of the universities in India and enable us to hire the best talent.”
A panel of Virtusa judges evaluated the winning prototypes based on how it’s intended use makes a difference through technology, collaboration, creativity, and competition. The prototypes will continue further development to become assets within Virtusa’s Digital Transformation Studio (DTS). DTS is a proprietary platform and approach that combines Virtusa’s engineering tools, reusable industry assets, and certified agile teams to increase the delivery speed and reduce the costs of business-critical digital transformation projects.
To learn more about Virtusa, please visit: virtusa.com
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
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