Data I/O Hackathon: Harnessing Data for Innovation

Leveraging Data Science to Optimize Operations and Enhance Strategic Decision-Making
Date
Spring 2024
Program
Blog
Medium
LinkedIn
Post
Project Videos
Link
BDAA sign advertising Data I/O

Unpacking the Data I/O Hackathon

The Data I/O Hackathon at Ohio State University, sponsored by 99P Labs, brought together 92 participants in 26 teams to tackle data analysis challenges over a two-day event. The focus of the hackathon was on Cycle, a hypothetical bike-sharing company in Chicago. Participants attended workshops, received mentorship, and collaborated to develop innovative solutions addressing key business issues such as pricing, theft prevention, and bike distribution. The event highlighted the transformative power of data science in driving business strategy and promoting social good.

Participants began by delving into Cycle's extensive trip data from the past year. They analyzed patterns and trends, seeking insights that could optimize operations and improve efficiency. The hackathon provided a structured environment where teams could apply advanced data analysis techniques, utilizing tools and platforms introduced in the preparatory workshops. This foundational work set the stage for the development of practical, data-driven solutions that addressed real-world business challenges.

One of the standout projects came from the first-place team, Byte Busters, who created detailed maps showing bike usage patterns at different times of the day. Their visualizations highlighted peak activity periods, providing actionable insights for optimizing bike distribution and availability. The second-place team, Small P Values, used a Generalized Linear Model (GLM) to predict ride durations based on the day of the week, comparing usage between members and casual users. Their findings demonstrated significant differences in usage patterns, informing targeted marketing and operational strategies.

The hackathon also emphasized the importance of seasonality in bike usage. Team Janardhan's project, which earned significant recognition, illustrated that over 70% of bike trips occurred during the fall and summer. This insight into seasonal trends can help bike-sharing companies plan maintenance, staffing, and promotional activities more effectively. These projects showcased the participants' ability to transform raw data into meaningful insights that can drive strategic decision-making.

Throughout the event, participants benefited from the guidance of experienced mentors and the collaborative atmosphere fostered by the hackathon. The top five projects were recognized for their innovative approaches and practical applications, demonstrating how data science can be leveraged to solve complex business problems. The Data I/O Hackathon not only provided a platform for students to showcase their skills but also highlighted the potential for data-driven solutions to enhance operational efficiency and support strategic initiatives in the mobility sector.

Stay Connected

Follow our journey on Medium and LinkedIn.