Samjong KPMG Hosts the 2nd KPMG Ideathon

[Asia Economy Reporter Minji Lee] Samjong KPMG announced on the 29th that it will hold the ‘2nd KPMG Ideathon’ for university students (including undergraduates and graduate students) under the theme of ‘AI technology solution ideas that can overcome or utilize the impact of the novel coronavirus infection (COVID-19).’

The ‘KPMG Ideathon’ is a competition that solves corporate problems and enhances business efficiency through AI-centered ideas and solutions. Now in its second year, it is sponsored by Amazon Web Services, a leader in the cloud industry, and DACON, Korea’s largest AI competition platform.

At the ‘1st KPMG Ideathon’ held earlier this year, the IPL (Image Processing LAB) team from Soonchunhyang University won first place by presenting a service where AI recognizes products placed in a cart and automatically generates a list in a smartphone application’s shopping cart, enabling payment.

Samjong KPMG will accept applications until the 10th of next month and plans to hold the domestic finals over two consecutive days without sleep starting February 22 next year for those who pass the document screening.

The competition will begin with a welcoming speech by Kim Kyotae, Chairman of Samjong KPMG, followed by 28 hours (two days without sleep) dedicated to developing prototypes of ideas including programming. Each team will present their concrete ideas, and the winner will be selected based on relevance to the theme, technical feasibility, prototype completeness, and innovativeness.

The winning team will receive a prize of 10 million KRW, with 5 million KRW for second place and 3 million KRW for third place, totaling 18 million KRW in prize money. In addition, winners will gain eligibility to participate in the international finals, the ‘KPMG Ideation Challenge (KIC),’ hosted by global KPMG in April, as well as an internship opportunity at Samjong KPMG Lighthouse.

The international finals KIC is a competition held over two days from April 12 to 13 next year, targeting university students majoring in STEM (Science, Technology, Engineering, Mathematics) and business/economics worldwide, aiming to solve real corporate business problems and improve efficiency through AI-centered ideas and solutions.

Samjong KPMG Lighthouse is composed of diverse talents such as data scientists, software engineers, and programmers, and is engaged in introducing new technologies to improve work efficiency, including audit automation tools, accounting audit chatbots, data-driven deal sourcing support, and AI-based tax and consulting service support.

Kim Kyotae, Chairman of Samjong KPMG, said, “As many companies face new challenges due to COVID-19, I hope the ideas proposed through this KPMG Ideathon will help corporate business and create innovative value. I also hope students will have a meaningful experience by contemplating ideas applicable to real corporate business environments, taking on new challenges, and growing.”

This content was produced with the assistance of AI translation services.