STOCK TITAN

Just What the Doctor Ordered: 2024 OpenText Hackathon to Focus on Sustainability in Healthcare

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

OpenText (NASDAQ: OTEX) has announced its 2024 Hackathon, titled Hacknosis: Sustainable MedTech, which runs from July 15 to August 15. This virtual event aims to encourage innovation in MedTech sustainability, social sustainable design, and carbon accounting using OpenText APIs. According to the OpenText IT Sustainability Report, 97% of organizations have sustainability initiatives, but only 50% use software to track their IT carbon footprint. The hackathon seeks to bridge this gap by requiring participants to develop technologies that enhance OpenText solutions or support sustainability initiatives.

The event will feature three categories: MedTech sustainability, Social sustainability, and Technology, with cash prizes for the top three solutions in each category. John Radko, SVP of Engineering at OpenText, emphasized the value of hackathons in fostering creativity and innovation. Winners will be announced in September 2024 and celebrated in events later in the year. More information and registration details are available on the Hacknosis: Sustainable MedTech page.

Positive
  • None.
Negative
  • None.

Hackathon to drive innovation and inspire developers to make a difference with their skills

WATERLOO, ON, July 12, 2024 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced that its 2024 Hackathon, Hacknosis: Sustainable MedTech, opens July 15, ending on August 15. The main objective of the virtual event is to develop a solution, using at least one OpenText API, that solves challenges in MedTech sustainability, social sustainable design and carbon accounting in technology.

According to the recent global OpenText IT Sustainability Report, 97 percent of organizations have adopted or plan to adopt sustainability initiatives. However, the biggest challenge in implementing these plans is the lack of proper tools and/or expertise, with only 50 percent of respondents using software to help track their IT carbon footprint. The 2024 Hackathon will address this issue with the requirement that participants develop technologies – apps, programs, etc. – that enhance existing OpenText solutions or lead to sustainability initiatives for organizations that are currently using OpenText solutions.

The Hackathon will award cash prizes for first, second and third place in three categories. The categories include:

  • MedTech sustainability - Create a solution that addresses sustainability challenges in healthcare/biotech, cold chain, supply chain and waste management.
  • Social - Create a solution that addresses social sustainability processes: such as mental health checker for health care professionals, DEI reports and workflows for processes.
  • Technology - Create a solution that monitors the carbon emissions produced by medical devices (hardware or software emissions).

"Hackathons are invaluable events that foster creativity and innovation, driving significant value across industries. By bringing together diverse groups of developers, designers, and problem-solvers, hackathons create a collaborative environment where fresh ideas and unique solutions can be created," said John Radko, senior vice president, Engineering, OpenText. "These events encourage participants to think outside the box and tackle real-world challenges, often resulting in groundbreaking technologies and applications. The rapid prototyping and agile development practices inherent to hackathons accelerate the innovation cycle, transforming novel concepts into viable solutions that drive long-term value and growth."

The OpenText 2023 Hackathon, themed Hacknosis: Optimizing Patient Experiences, saw five winners, including AllegroGraph who developed PatientGraph, an AI-driven clinical insight solution that enables healthcare providers to simplify data presentation to doctors, administrators and patients. PatientGraph demonstrates a real-world value of leveraging the AI capabilities within the OpenText Aviator Thrust API to reduce complexity for doctors and administrators to achieve better patient outcomes. PatientGraph has just been released to the market, and is now available on the OpenText Marketplace.

This year's winners will be announced on the Hacknosis: Sustainable MedTech page in September 2024. Winning technologies and the challenges faced will be highlighted during a series of events in late 2024 and early 2025. More information and registration can be found here.

Additional resources

About OpenText 

OpenText™ is the leading Information Management software and services company in the world.  We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology.  For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.

Connect with us:

OpenText CEO Mark Barrenechea's blog

Twitter | LinkedIn

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents

OTEX-G

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/just-what-the-doctor-ordered-2024-opentext-hackathon-to-focus-on-sustainability-in-healthcare-302195540.html

SOURCE Open Text Corporation

FAQ

What is OpenText's 2024 Hackathon about?

The 2024 Hackathon, titled Hacknosis: Sustainable MedTech, focuses on creating solutions for MedTech sustainability, social sustainable design, and carbon accounting using OpenText APIs.

When is the OpenText 2024 Hackathon taking place?

The OpenText 2024 Hackathon runs from July 15 to August 15, 2024.

What are the categories in the OpenText 2024 Hackathon?

The categories are MedTech sustainability, Social sustainability, and Technology.

What are the prizes for the OpenText 2024 Hackathon?

Cash prizes will be awarded for first, second, and third place in each of the three categories.

When will the winners of the OpenText 2024 Hackathon be announced?

Winners will be announced on the Hacknosis: Sustainable MedTech page in September 2024.

What is the purpose of the OpenText 2024 Hackathon?

The purpose is to foster innovation in MedTech sustainability and create solutions that enhance OpenText products or support sustainability initiatives.

How can I register for the OpenText 2024 Hackathon?

More information and registration details can be found on the Hacknosis: Sustainable MedTech page.

What is the significance of the OpenText IT Sustainability Report in the 2024 Hackathon?

The report highlights that 97% of organizations have sustainability initiatives, but only 50% use software to track their IT carbon footprint, a gap the hackathon aims to address.

What is an example of a winning solution from a previous OpenText Hackathon?

PatientGraph, an AI-driven clinical insight solution, was a winner in 2023, simplifying data presentation for healthcare providers using OpenText Aviator Thrust API.

Open Text Corp

NASDAQ:OTEX

OTEX Rankings

OTEX Latest News

OTEX Stock Data

8.42B
268.19M
2.11%
77.61%
1.77%
Software - Application
Services-computer Integrated Systems Design
Link
United States of America
ONTARIO CANADA