The Data Science Initiative (DSI) at UNC Charlotte is an industry-university-state partnership, led by the College of Computing and Informatics, the Belk College of Business, the College of Health and Human Services, and the College of Liberal Arts and Sciences.
Data science combines aspects of computer science, modeling, applied mathematics and statistics. In an era of “Big Data,” organizations in both the business and public spheres are experiencing a deluge of data. With the rapid growth of data sets in size, scope, and number comes almost unlimited potential.
The Data Science Initiative brings academia and industry together to turn data into knowledge, and knowledge into insight to see what’s possible in the new digital age. The initiative holds the promise of creating drugs customized for individual patients, developing models for “predictive policing,” and leading remedies for longstanding city planning challenges. Think about the unlimited possibilities to drive organizational performance. Think about the infinite potential of the “smart city.” Think DSI.
Responding to the Challenges of “Big Data”
UNC Charlotte is in an unparalleled position to deliver on career—and insight—building expertise. The surrounding hub of top financial services, energy, retail sales and distribution, advanced manufacturing, and technology companies provides an ideal environment to utilize a suite of skills only an urban research university can accommodate—Big Data understanding and innovation, business acumen, and technical mastery. UNC Charlotte is also responding to this sector's large workforce demand through collaboration with other universities and business partners in the Research Triangle.
DSI provides an effective solution to the challenge of "Big Data" by creating education, training and research programs in data science and analytics integrated with business and industry expertise.
By 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet.
Of all analytical fields, data scientist experts comprise 33 percent of new jobs.
According to the McKinsey Global Institute (MGI), there will be four to five million jobs in the U.S. requiring data analysis skills by 2018.
Annual savings in the healthcare sector
Estimates suggest that by better integrating big data, healthcare could save as much as $300 billion a year – that’s equal to reducing costs by $1,000 a year, for every man, woman, and child.