Sunday, May 26, 2024

LogiTHON to bridge the gap between Technology and Logistics for the Economy’s Future

All India, Softlink Global Pvt. Ltd. Along with  leading Engineering Colleges of Maharashtra launched LogiTHON, a first of its kind hackathon designed to redefine the logistics sector through technology’s transformative power. In today’s economy, logistics acts as the crucial backbone supporting global commerce, while technology serves as the enabling nervous system. LogiTHON symbolises the fusion of these two vital components, aiming to propel logistics operations into a new era of efficiency and innovation with the help of AI.

Commenting on Indila’s first such initiative to aware the potential and opportunities in the logistics sector, Amit Maheshwari, CEO of Softlink Global, said, “With LogiTHON, we’re not just pursuing technological breakthroughs, we’re aiming to spotlight the pivotal role logistics plays in powering our economy. It’s an initiative to foster innovation and educate the next generation of engineers about the vast opportunities available in a sector that’s constantly expanding and evolving. Through this event, we’re opening doors to new possibilities and careers in logistics, backed by the latest technological advancements.”

The hackathon invites participants to tackle four critical challenges, representing current and future roadblocks faced by the logistics Industry.  These challenges include Revolutionizing Warehouses with AI and Robotics where innovators will be tasked with designing intelligent warehouse management systems that integrate AI and robotics. These solutions are expected to enhance both speed and precision, keeping pace with the ever-increasing demand for rapid fulfilment services. Second challenge would be on Blockchain for Secure International Supply Chains, focused on leveraging blockchain technology. While in Optimizing Routes in Real-Time challenge contestants will develop dynamic route optimization algorithms for international trade. These algorithms should consider cost, time, and environmental impact, optimizing shipping routes in real-time. Lastly the Self-Learning AI for Data Conversion, this calls for the development of technology capable of automating data conversion from PDFs into structured formats.

Mr. Faisal Khan, Director Datta Meghe College of Engineering said, “Partnering with leading software product company Softlink Global for LogiTHON shows our commitment in providing our students with unparalleled opportunities for innovation and professional growth. This LogiTHON not only introduces our students to the logistics sector but also encourage them to solve real-world challenges in a sector which is vital to any economy. We are dedicated to bridge the gap between academics  and industry needs, ensuring our graduates are highly sought after in not only technology but the logistics sector as well.”

LogiTHON is scheduled to take place on 19th and 20th April 2024 at Director Datta Meghe College of Engineering, Mumbai. This event marks a significant step towards enhancing the cooperation between logistics technology company and academic institutes, paving the way for a more sustainable and efficient future.

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