Y3 Technologies Challenges NUS Students to Develop Next-Generation Cross-Border Trade Solution
Singapore, 7 April 2018 –Leading omni-channel software solutions provider, Y3 Technologies (Y3), and cross-border cloud-tagging specialists, veriTAG, partnered with the National University of Singapore (NUS) Business Analytics Centre to host the “Y3-NUS Innovation Challenge 2018” (Innovation Challenge).
Over 100 graduate and undergraduate students across 19 teams participated in the Innovation Challenge which was started on 22 February 2018. The teams creatively applied analytics tools, optimisation techniques and blockchain-based technology to invent new, commercially viable search engines that can optimise shipping routes across various logistic players, for efficient transportation of goods from Singapore to major cities in China.
Dr James Pang, Co-Director of NUS Business Analytics Centre, said, “The supply chain industry is undergoing unprecedented change, making it well-placed for innovative ideas and different approaches to flourish. This Innovation Challenge presents an excellent opportunity for our students to tackle an extremely complex and multi-faceted real-world problem by applying what they have learnt and leveraging different analytics tools and emerging technologies from Y3 and veriTAG.” The Centre, which offers the Master of Science in Business Analytics programme, is supported by the NUS Business School and NUS School of Computing.
Y3 Chief Operating Officer Mr Gabriel Tho said, “We are impressed with the calibre of these students. Within less than 2 months, they picked up a basic understanding of logistics and synthesized this with their academic learning to develop innovative and practical solutions for cross-border trade. We are proud to partner with NUS to develop Singapore’s pipeline of home-grown business analytics talents so that we can collectively be future-ready.”
About Y3 Technologies
Y3 Technologies is a Singapore-based, award-winning software solutions provider. Y3 provides a full suite of omni-channel solutions – delivering analytics-based tools & capabilities, purpose-built supply chain management applications and customized eCommerce, CRM & loyalty services, to enabling companies to better plan, manage, optimize fulfilment and deliver winning customer experiences. Today, Y3’s proprietary solutions manage more than $50 billion in inventory across 120,000 different unique products every year and are integrated with more than 11,000 connected point-of-sales, handling over 50,000 transactions every day. Its clients include IKEA, Dell, Starbucks Coffee, and Infineon Technologies.
veriTAG seeks to create a one-stop solution platform into China for food using its patented authentication system as the foundation, veriHUB, as a central database system with applications and a rules-based engine and veriSHOP to link customers to the products. Currently, veriTAG has more than 40 merchants, 100 unique products on board with strategic partners, which include ito yokado, Isetan, and G Super.