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Fourth European Big Data Hackathon!

Find out the key objectives of last week’s hackathon organised by the European Commission focusing on Big Data solutions for financial transactions

From 2 to 7 March 2023 Eurostat organised the fourth session of the European Big Data Hackathon in Brussels, with a focus on financial transactions. Teams from all over Europe gathered to foster their expertise in utilizing Big Data sources related to financial transactions and come up with innovative ideas for products and tools that are relevant for EU policies.

The Eurostat hosts the event to give data scientists the chance to help answer pressing EU policy and statistical questions. Teams compete by developing innovative approaches, applications and usable data products combining official statistics and big data. At the end, the winning team is selected following an evaluation process. The hackathon provides an opportunity to bring together best-of-class European data scientists and build networks between statisticians and data scientists. Furthermore, it stimulates the collaboration between the private sector and research communities to (re)use open data.

This year’s session brought together 24 teams of National Statistical Institutes’ experts and 4 teams of students from EMOS network universities. It began on 2 March with the announcement of the challenge, and the teams had until 6 March 2023 to work on their solutions. On 7 March 2023, the Statistisches Bundesamt got awarded as winning team with their idea of a use case that is less susceptible to coverage bias in credit card data for Germany. The winners presented their projects at the conference on New Techniques and Technologies for Statistics (NTTS).ts in the conference on New Techniques and Technologies for Statistics (NTTS).

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