'Big Data Order Volume Fluctuation Prediction' Wins Grand Prize at CJ Logistics Future Technology Challenge

On the afternoon of the 26th, at the awards ceremony held at CJ Human Resources Center in Pildong, Jung-gu, Seoul, Shin Young-su, CEO of CJ Logistics' Courier and E-commerce Division, along with executives and awardees, are taking a commemorative photo.

[Asia Economy Reporter Dongwoo Lee] CJ Logistics announced on the 28th that a total of 10 teams and 32 members, including Oh Minji from the Graduate School of Chungbuk National University, were honored with awards at the '1st CJ Logistics Future Technology Challenge' contest.

A total of 202 teams and 464 participants applied for this contest, and among the 20 teams that advanced to the finals, 10 teams were selected as the final winners: 1 Grand Prize team, 2 Excellence Award teams, 3 Merit Award teams, and 4 Honorable Mention teams.

The Grand Prize was awarded to Oh Minji from the Big Data Cooperative Program at Chungbuk National University Graduate School for submitting a program that predicts e-commerce product order quantities and surge timing using artificial intelligence (AI) and big data technologies, enabling effective responses at logistics centers. Oh Minji was recognized for meticulous and systematic data analysis and high expertise during the program development process.

Notably, the prediction models considering various variables allowed e-commerce sellers to forecast the timing and scale of order surges when conducting various events, which was also highly praised.

The Excellence Awards were given to a team of four including Lee Hyunwook from Incheon National University, focusing on logistics cost estimation based on cargo volume, and a team of four including Lee Yurim from Yonsei University, focusing on e-commerce product volume and demand forecasting.

The judging panel evaluated that participants generally demonstrated a high level of technical maturity in AI, big data, and machine learning. They also noted fresh perspectives, such as using less common data analysis techniques and considering current logistics industry issues like new last-mile delivery services, micro fulfillment centers, drones, and electric vehicles.

The awardees received a total prize money of 51 million KRW: 15 million KRW for the Grand Prize team, 8 million KRW each for the two Excellence Award teams, 4 million KRW each for the three Merit Award teams, and 2 million KRW each for the four Honorable Mention teams. Additionally, all awardees are granted exemptions from the first interview and test stages when applying for employment at CJ Logistics.

Furthermore, graduates who join the company will receive a congratulatory bonus of 5 million KRW, and prospective graduates who express their intention to join after graduation will receive scholarships of up to 2 million KRW per semester for up to four semesters, along with opportunities to gain practical experience through internships during vacations.

Kang Shinho, CEO of CJ Logistics, stated, “To transform into an innovative technology company, we will actively secure outstanding talent and create an environment where capable individuals can work freely and achieve the best results.”