Over 100 Disruptive Technology Models Emerge at LTI’s Infinity Business Consulting Hackathon
Over 400 teams from 11 top Indian B-schools participated in Infinity, with 127 innovative solutions being designed by these aspiring future leaders. The event saw participation from India’s top B-schools such as IIM Ahmedabad, IIM Bangalore, IIM Kolkata, IIM Lucknow, XLRI, ISB, SJMSOM, SPJIMR, NITIE, Great Lakes and NMIMS.
The winners included:
· First Place: Deepti Zain, Ajit Singh - IIM Bangalore,
· First runner-up: Ritvik Gupta, Aadya Tewari, Dheeraj Rajpal - IIT SJMSOM and
· Second runner-up: Niteesh Sood, Ruthvik Priyatham, Nandita Ramesh - XLRI Jamshedpur
The Infinity hackathon was designed to challenge students to think of innovative ideas to Solve for Society and Industry. They were assigned six unique business problems across the Banking, Insurance, Manufacturing, Energy and Auto domains. Students were given three months starting October’18 to submit their ideas, and they came up with remarkable submissions, as expected of the new age and disruptive thinking of participants.
One team came up with a blockchain-based microgrid infrastructure to provide electricity in rural areas using solar energy, enabling local communities to become self-sufficient prosumers, and creating a new revenue stream for them. Another innovation involved designing a bank for the millennials using new age digital transformation technologies such as AI and mobility. One innovative model was on large FMCG companies building a mutually beneficial digital ecosystem of their suppliers, distributors and end customers for greater efficiency, agility and loyalty. A Design Thinking based solution enabled businesses to understand customers’ rational and emotional needs, enabling them to provide customized and relevant products and services. With the immense success witnessed during the inaugural edition of Infinity, LTI now plans to make it an annual affair.
Nachiket Deshpande, Chief Operating Office, LTI said, “At LTI we have embraced Zen concept ‘Shoshin’ that calls for all to have a beginner’s mind. The success of Infinity serves as a perfect testimony to gauge this power of a beginner’s mind with the student community showcasing how disruptive ideas can be developed using the approach. We are pleased with the response received from such talented students and are confident that in the years to come, Infinity will serve as a much sought-after platform for the academia community.”
LTI provides unique business experiences, and innovative solutions for the most complex client problems, leveraging LTI’s technological solutions.