The competition, which will be held the week of March 14, with the final winners being announced on March 17, will challenge students to incorporate the Internet of Things (IoT), 3D printing, and Blockchain technology into breakthrough improvements in today's supply chain.
"By posing a complex business challenge in an exciting, emergent domain, the hackathon is a great venue to reinforce the EM Track vision to prepare students to be future leaders through adopting a holistic, cross-functional approach to problem solving," said Dr. Sharmila C. Chatterjee, Academic Head, Enterprise Management Track and Senior Lecturer, Marketing at MIT Sloan.
The 2016 Management Practice hackathon features a collaboration among the MIT Sloan Enterprise Management Track, MIT Media Lab, and industry sponsors SAP and SAP University Alliances. SAP has also engaged Caterpillar, UPS, CloudDDM, and Stratasys to provide thought leadership presentations to MBAs during the Hackathon.
Through thought leadership presentations by MIT faculty, SAP experts, and industry practitioners, students will gain insights on new technologies driving digital transformation and the potential for new business models to re-invent how business is done. SAP will lead students through a design thinking workshop, which will enable them to develop desirable and viable IoT solutions while leveraging Blockchain and 3D printing.
After two days of intense development, students will pitch their solutions to a panel of MIT and industry judges.
"SAP is thrilled to collaborate with MIT's Sloan Enterprise Management Track. The combination of business and technology expertise the students experience in that program ideally prepares them to become successful leaders in the digital economy," said Dr. Bernd Welz, executive vice president and head of Scale, Enablement & Transformation, SAP SE.
"We are delighted to be a part of inspiring and supporting MIT Sloan students to develop new business models adapted to the IoT distributed digital supply chain era, creating an innovative, open and collaborative environment which benefits all participants" said Gil Perez, SVP IoT & Customer Innovation and General Manager Connected Vehicles & IoT Security at SAP.
The MIT Sloan Enterprise Management Track uses innovative classroom and project-based activities to develop students' abilities to take a holistic approach to solving the most pressing challenges of today's businesses. Coursework and projects help students develop skills across functional domains, with emphasis on marketing, operations, and strategy to prepare them to be future business leaders with multi-disciplinary perspectives.
For further information, contact :
Director of Media Relations
Associate Director of Media Relations
Logo - http://photos.prnewswire.com/prnh/20141117/158975LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mit-sloan-em-track-students-will-tackle-iot-digital-transformation-challenges-in-collaboration-with-sap-and-saps-industry-partners-300234921.html
SOURCE MIT Sloan School of Management