Bengaluru, India, July 01, 2014: Mu Sigma, (www.mu-sigma.com), the world’s largest pure-play provider of decision sciences and analytics solutions, today announced the outset of MuPhoria. The contest in its third edition is designed for pre-final and final year engineering students across India, providing them with an opportunity to explore real world business problems and to develop innovative solutions for it.
The contest begins July 2014 and will continue for a period of six months. Each month will see the announcement of a winner, who will be awarded INR 2 Lakhs and an opportunity to interview with Mu Sigma. Subject to selection and completion of three months within the organization, the winners will also be entitled for a one-time sign-on bonus of INR 3 Lakhs. A total of INR 12 Lakhs will be disbursed to the winners during the course of the contest.
Over the last two seasons MuPhoria has evolved into a unique problem-solving contest which gives the participants a chance to integrate multiple disciplines of math, business and technology, and showcase their problem solving abilities. The participants are given the discretion to use any advanced analytical tool or technique to arrive at the solution, and not just programming / coding. The evaluation of the contestants will be done by a panel of Mu Sigma members on a multitude of factors comprising, but not necessarily limited to, creativity, thoroughness of the approach, quality of work and the final solution submitted.
Ambiga Dhiraj, Head of Fulfilment, Mu Sigma said, “The analytics industry is continuing to appreciate the importance of decision sciences in solving unclear and ambiguous business problems, which organizations face on a continual basis. Through this platform, Mu Sigma’s intent is to build awareness of and inspire students to pursue a career in Decision Sciences by giving them an opportunity to work on relevant as well as compelling business problems. The contest is not just about what the students already know and how well they can apply that knowledge, but also about learning new skills and techniques while solving such intriguing business problems.”