CITIC Telecom CPC's Data Science and Innovation Team Wins the Championship of "Material Demand Forecast" Award in the
5th China Industrial Internet Data Innovation and Application ContestInnovative AI Algorithms and Smart Analysis Transform Supply Chain Management
HONG KONG, Jan 17, 2022 - (ACN Newswire) - CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned
subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science
and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet
Data Innovation and Application Contest. The contest was jointly organized by The China Academy of Information and
Communications Technology (CAICT) and People's Government of Baoan District, and was strongly supported by Alliance of
Industrial Internet and Shenzhen Industrial and Information Technology Bureau.
2021 was a bountiful year for CITIC Telecom CPC where its data science and innovation team has achieved new heights.
CITIC Telecom CPC attained the highest honor and won the championship in the "Classification of Malware Families based
on Artificial Intelligence" in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by the China Computer Federation. The latest award is the
championship in the 5th China Industrial Internet Data Innovation and Application Contest. Lasted nearly 3 months, the
contest attracted more than 6000 people from over 2200 teams to participate. The data science and innovation team of
CITIC Telecom CPC entered the competition in the "Smart Material Demand Forecast in Discrete Manufacturing Industry"
category. The team used different attribute correlation analysis and integrated various algorithms to generate the best
predictive value of product material demand and finally won the championship.
With the theme "Digitization drives intelligence and provides insight into industrial future", the contest provides real
industrial production and operational data according to the needs of real manufacturing enterprises. Based on historical
data of raw material demands and inventory level, every team has to predict the demand of each raw material in every
factory and provide periodic demand forecast results for the coming 3 months in order to advise the factory in terms of
stocking and production. CITIC Telecom CPC's data science team collected the data and conducted materials, scenarios and
relevant attribute correlation analysis based on time series, and integrated various algorithms like mathematical
algorithms to do intelligence analysis, thereby generating the best predictive value and finally won the contest.
"Data science has been widely utilized in various industries. Its strong intelligent power and rapid development have
reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of our
data experts and professional team's comprehensive capabilities in industrial internet demand scenarios, algorithms
modeling expertise and AI analysis. It also shows our team's dedication in innovation and integrate the latest
technologies into business values, which bear testimony to our corporate vision 'Innovation Never Stops'. We will
continue to sharpen the professional skills of data science team, to prepare for our strong engagement in future
research and innovation projects." said Mr. Esmond Li, CEO of CITIC Telecom CPC.
Enhancing forecast accuracy with intelligent innovation
Different industries across the globe are facing big challenges in their supply chain during the pandemic. Supply chain
collaboration is of great importance to enterprises particularly in the discrete and complex manufacturing industry. It
is important to maximize the power of ICT services as an enabler of using data resources and intelligent algorithms to
enhance forecast accuracy. Cloud computing, digitalization and the Industrial Internet of Things (IIoT) empower
enterprises to implement supply chain collaboration and smart production management, helping them significantly reduce
cost, increase efficiency and risk resistance capability. In this contest, CITIC Telecom CPC made use of real data in
industrial scenarios to conduct algorithm analysis and modeling through its self-developed AI platform for IT
operations. The professional use of different attribute correlation analysis and the integration of various algorithms
have generated the best predictive value. The result demonstrates the value and vision of intelligent innovation,
harnessing CITIC Telecom CPC's extensive ICT infrastructure services and their integration with AI technology. By
integrating the latest technologies like intelligent algorithms, AR, big data, blockchain and IoT into its existing
service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values as well as
broadening industry use cases to empower enterprises to unlock business potentials.
About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom
International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their
specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising
TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center
solutions, and SmartCLOUD(TM) cloud computing solutions.
With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other
cutting-edge emerging technologies to transform technical potential into business value for our customers. As an
enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high
agility, and cost-efficiency through digitalization.
With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with
superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the
Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service
centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed
service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001,
and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer
experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated
intelligent ICT service provider to enterprise customers.
For more information, please visit www.citictel-cpc.com