HOW TECHGIG

HELPED INVESCO
LEVERAGE THE
POWER OF BIG
DATA
As revealed by NASSCOM, India is currently among the
top 10 big data analytics market in the world and the
sector is expected to reach $16 billion by 2025 which
will be an impressive rise from the $2 billion as
achieved in 2017.

Enterprises, large or small, have realised the

importance of gaining actionable insights
from the avalanche of data out there. Some
of the areas in which these companies are
using these insights include for innova-
tion, improving customer experiences
and gaining a competitive edge in
the process.

October 2018
The 4 Vs of Big Data that Companies need to Figure Out
Volume - From MBs
and GBs we have now moved to
terabytes, petabytes, and zetta-
bytes of data. Today, the
amount of data to decipher is
huge as your customers are
interacting with you in more
ways than one.
Variety – Variety refers
to the many types of data sets that are
available. Unstructured and data types,
such as audio, video and text require
additional pre-processing to derive
meaning and support metadata.
Velocity – It pertains
to the speed at which the data is
received and most importantly
acted upon. Big data analytics
helps in mining the data and
actioning in immediately to
derive benefits from it.
Veracity– Last but
not the least is the veracity
of the data at hand. Evaluating the accu-
racy of the quality of the data itself is a
challenging task. Whether you are get-
ting this data from a trustworthy source
or not is also an important consideration.
About Invesco

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps
people get more out of life. Headquartered in Atlanta, Georgia in the United States, the company was established in 1935
and today has more than 5,000 employees spread across 20 countries.

Why TechGig?
Invesco chose TechGig because of their strong credentials as the go-to platform for India’s leading coding community to learn,
compete and grow in the process.
Invesco knew that they will have to think beyond all the conventional solutions available to them to solve this problem.

TechGig, being one of the fastest-growing technology communities of India was therefore a natural fit. After all, their mega
successful Code Gladiators 2017 had made it to the Guinness Book of World Records as the World’s Largest Programming Event.
Code Gladiators 2017 managed to attract 81,641 unique submissions, thereby breaking the previous World Record of 30,634
entrants set by China’s Baidu Online Network Technology.

About the Problem

The task given to these big data enthusiasts was to analyse the submitted data and forecast which investment by different
investment advisors will be redeemed in 2017-18.

What We Did?

The Big Data Analytics theme in Code Gladiators 2018 saw active participation from TechGig community members. The
event in general was actively promoted online and offline and as a result we were able to garner over 6312 Registrations
for this theme.
The Results

Invesco was handling a lot of data on investment management and wanted to leverage machine learning to
solve the problem which they were currently solving using a quantitative and rule-based approach. For the con-
test, they selected a problem of predicting which investors were likely to redeem their investments. This was a
supervised learning problem with various data inputs involved. The data size was relatively large and made a
very good candidate for exploration.

The hackathon organized by TechGig received more than 2870 submissions to the Invesco challenge and as
many as 1522 Teams were formed to attempt and achieve this objective.

The winning solution was developed by Team LastTeam (Sonny Laskar and Sudalai Rajkumar) and the runner-up
was Manish Saraswat.