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In New York, an institute on Big Data will stimulate research and the economy of the city

By: omer nawaz on Sunday, 18 January 2015 | 13:10

The Institute for Data Science and Engineering will focus on smart cities, new media, medical analytical processing, financial analytical processing and cyber security.

Supported by a grant of $ 15 million recently awarded by the City of New York, Columbia University develops the Institute for Data Science and Engineering (IDSE) to deepen the field of analysis of Big Data, large amounts of data. Announced this summer, the new institute is supervised by Columbia Engineering School. He received this grant as part of the New York City initiative for applied science. Ultimately, the goal is to stimulate the economy of the city and market innovations that may emerge in the new institute.

The latter will focus on five areas: smart cities, new media, medical analytical processing, financial analytical processing and cyber security, says Columbia magazine.
Columbia researchers and professors are already talking about them for their creative analysis (and practice) of Big Data, from journalism professors who use data mining programs to identify patterns in the electoral discourse to the medical researchers studying how genetic data could help doctors tailor drug treatments in the future.

The university is committed to raise at least $ 80 million in the private sector and recruit 75 new teachers and assistants to the institute by 2030. These will occur on all disciplines outside of engineering, looking for solutions to concrete problems via the analysis of very large data sets.
An analysis of the economic impact made by the Economic Development Corporation of New York projects that the institute will generate $ 3.9 billion of activities for the city over the next thirty years, reports the Columbia magazine.

The first phase of establishment of the institute will be completed in 2016, when a physical home location for the institute will open in the Columbia Mudd existing building, which also houses its engineering school (additional space will be taken on the Northwest Corner Building Building of Columbia, which is still under construction in the future, the Institute will extend Audubon building on the campus of Columbia Medical School).

In writing this article a few days after Hurricane Sandy had hit the East Coast of the United States, I could not help thinking that given the recent turmoil experienced by New York, it will be particularly fascinating to see whether and how the five key areas of the institute will converge in the context of the damage left by Sandy. How data related to Sandy they affect the development of smart cities , journalistic coverage of disasters and future monitoring of economic and medical concerns modes of a city beset by unprecedented storms?

In many ways, the fact that this institute is based in New York could offer unique local opportunities in terms of analysis of post -Sandy data and action based on these data ... opportunities that could have national implications and world.

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