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U of R invests in data science
Rochester, N.Y. The University of Rochester is committing $50 million in addition to the $50 million it has spent in recent years to expand its work in the field of data science.
The money will go towards the creation of an Institute for Data Science, construction of a building to house the institute, and as many as 20 new faculty members.
U of R President Joel Seligman says data science is the defining discipline of the 21st century.
By combining sophisticated analytic techniques with rapidly improving computational capabilities, data science can help extract useful information from the quintillions of bytes of data that are created every day. It is the foundation, for example, of data-informed, personalized medicine, is central to national security and defense, and has already changed online commerce, said Seligman.
The University will dive into the fields of predictive health analysis, cognitive systems and artificial intelligence, and analyzing large-scale data.
U of R also hopes to collaborate with other companies such as IBM and Xerox on data projects.