Datafest 2024 is the most prominent and challenging data analytics event in Peru, where 11 universities compete in an exciting contest of analyzing real-world data. This year, our goal was to develop an innovative solution to optimize the replenishment of BCP's ATMs by combining a predictive demand model with an optimization algorithm to maximize operational efficiency and minimize costs. 💡💰
The challenge was to optimize cash management in BCP's ATMs, ensuring cash availability for customers. Two key strategies were identified:
- Predicting cash demand. 📊
- Optimizing cash replenishment. ⚙️
After presenting our proposal to a jury composed of experts in management and data analytics, we are proud to have achieved second place in the competition! 🥈
- Focus on the business problem: Concentrating on the real problem enriched our proposals and led to effective strategy design.
- Deep understanding of the context: Taking the time to understand the problem and its environment helped us formulate solutions tailored to the business reality.
- Data quality: Ensuring the integrity of the data used was essential for the reliability of our predictions and recommendations. 📈
The team responsible for developing this solution included:
