Qlik®, (NASDAQ:QLIK), a leader in visual analytics, and KPMG, a global network of professional services firms providing audit, tax and advisory services, has today announced the winners of the “Risk Insights Challenge” in Hong Kong.
This first of its kind competition, open to students in Years 2, 3 and 4 at the Hong Kong University of Science and Technology (HKUST), saw over 90 undergraduate students participate in a challenge over a three month period. 15 teams, all with Business Intelligence (BI) and risk knowledge, submitted Qlik Sense applications aimed at solving one of four difficult business problems – namely digital risk, credit risk, business risk, and estimation risk.
After a series of judging by a panel of Qlik and KPMG experts, the top three winning teams were announced at an event held at KPMG Hub in Causeway Bay, Hong Kong earlier today. The overall winner, team “The Amazing Four”, was awarded a ten-week paid summer internship in KPMG’s Hong Kong office, where they can further work on their idea.
Team “The Amazing Four” developed an app on Qlik Sense that could visualise Estimation Risk. The winning team was not only able to display and compare historical land transactions, and see land value estimations of arbitrary locations, they were also able to show the potential estimation risk evaluation of a specific company. The teams did this using transaction data to conduct land value estimations.
“Qlik is fully committed to supporting the next generation of data professionals in Asia Pacific, and we have certainly observed some excellent talent throughout this challenge. It was great to witness the students using Qlik technology to solve quite challenging real-life business problems, highlighting their analytics capability and Qlik’s ease-of-use. By estimating land values using multiple data sources – both public, government, and subscription based, team ‘The Amazing Four’ showed land and property prices in China as they are from a buyer, a seller, and a government perspective all in one swipe of the finger. By gaining hands on experience with next-generation data discovery and visual analytics solutions, students at HKUST are prepared for the increasingly competitive workforce today” said Ricky Lau, Regional Director, Qlik Hong Kong.
Egidio Zarrella, Partner, Clients and Innovation, KPMG China, says: “The Risk Insights Challenge provides an opportunity to showcase KPMG’s industry experience and Qlik’s technology. It enables us to promote innovation in the area of risk management, and offers students an opportunity to tackle business issues and problem solve in a work environment. Students can also further develop their ideas and pitch to commercial clients. Through the competition KPMG can identity new talent for the firm’s rapidly growing analytics business.”
More details of the winning teams and their apps can be discovered at http://go.qlik.com/KPMG_Qlik_RiskInsightChallenge.html
- Ends -
Qlik (NASDAQ: QLIK) is a leader in visual analytics. Its product portfolio meets customers’ growing needs from reporting and self-service visual analysis to guided, embedded and custom analytics. Approximately 35,000 customers rely on Qlik solutions to gain meaning out of information from varied sources, exploring the hidden relationships within data that lead to insights that ignite good ideas. Headquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1700 partners covering more than 100 countries.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. KPMG operates in 155 countries and have more than 162,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG China has 16 offices in Beijing, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR, with around 9,000 people.
KPMG China refers to the member firms of KPMG International in Mainland China, Hong Kong SAR and Macau SAR.