Are you the top Data Scientist in the land? Demonstrate your case for 1st place in this year’s data challenge championship season.
Introduction
This blog introduces the kickoff of the 2024 Ocean Protocol Data Challenge Championship. The first Data Challenge of the year is live on Desights now and ends on Tuesday, Jan 30, 2024. ’24 is the 3rd year of OceanProtocol -sponsored data science competitions. This year welcomes season 2 of the championship and leaderboard points. Additional details about the 2023 Season can be found in this blog post. Some minor details have been added/subtracted to this year’s championship, which are presented below:
What’s New This Season?
2023 welcomed over 150 unique data scientists competing in data challenges. To accommodate an increasing number of recurring participants, we have raised the prize pool for each data challenge from $5000 USD to $6500 USD available every cycle. Due to this, the 250 $OCEAN participation bonus for submitting reports & proposals has concluded.
Starting with the current data challenge (Road to Safety: Traffic Accident Analysis) the $6500 prize pool will be distributed to the top 10 scored submissions per data challenge. Additionally, leaderboard points for the championship season will be rewarded for every challenge, scaled to the top 10 on a given data challenge. All participants outside of the top 10 will not receive points towards the season leaderboard. Furthermore, new data challenges will begin roughly on 2 Thursdays of each month, and each will be open to participate for 20 days. 2022 & 2023 data challenges tested different time durations between 7–30 days. It has been determined that initiatives and hypothesis testing that require longer than 20 days will be tagged and executed as something other than a data challenge (data science competition).
Beyond the program structure, new features and functionalities of Desights.ai continue to roll out regularly. Desights is the application that the Ocean Data Science team uses to conduct data challenges. The platform continues to mature as the web3 platform to crowdsource solutions to AI & ML challenges, business intelligence, applied data science, and predictive analytics.
2024 Leaderboard & Awards
As briefed above, the reward structure for each data challenge and the end-of-championship season awards have been modified.
1) More $ incentives repeatedly for the best quality reports/outcomes, and 2) advancements in gamifying the points structure for the year are the two main pillars of change to bear in mind.
An updated structure for the current data challenge and all challenges hosted in the 2024 season is articulated in the image below:
Calendar of Events
Data Challenges sponsored by the Ocean Protocol Data Science team will begin 2 Thursdays of every month. Challenges will also end on 2 Tuesdays of every month.
Each Challenge will be open for 20 days to formulate a report, results, or alternative submission criteria for the given challenge.
The 2024 Championship Leaderboard is live and will conclude in December 2024.
Updates to changes in the leaderboard will be published through Ocean Protocol media channels after each data challenge ends and new points are accrued.
Join The Community
The Ocean Protocol Data Science team and alternative core teams are available in the Ocean Protocol Community Discord & Desights Community Discord Channels. Live updates to the Ocean Data Challenge leaderboard and all related initiatives + updates are available via Twitter, Ocean Website, Discord, and blog.
For questions, comments, and community data science dialogue, reach out in our discord under the data-science-hub channel: https://discord.gg/yFRPH9PCN4 for updates and new challenges.
Stay tuned for published research, challenge reviews, and all Ocean Protocol updates on the blog page under blog.oceanprotocol.com.
To see past, current, and future data challenges sponsored by Ocean, please visit https://oceanprotocol.com/earn/data-challenges.
About Ocean Protocol
Ocean was founded to level the playing field for AI and data. Ocean tools enable people to privately & securely publish, exchange, and consume data.
Contacts:
Twitter - @oceanprotocol
Website - https://oceanprotocol.com
Discord - https://discord.com/invite/TnXjkR5
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