Universities remain integral to the the Future of Data Sciences
Big data has been front and center the last 5 years, and the higher education community continues to recognize the need to support the rapidly growing data sciences field. By adding programs, degrees, initiatives and centers that focus specifically on data sciences, universities have positioned themselves to assist corporations with their data challenges. University corporate relations plays a pivotal role in helping companies identify their data hurdles they are facing and then align their corporate partners to the appropriate expertise on campus. By collaborating with academia, companies can ensure they have the right systems, infrastructure and processes in place to capture, analyze and make informed business decisions from the significant data they are generating. Universities also play a significant role in guaranteeing that industry partners have the veracious talent pipeline needed to meet the evolving industry demands through executive education, seminars and on campus recruiting.
IBM estimates that 90 percent of the data in the world today has been created in the past two years. This phenomenon, of generating massive amounts of data is creating a need for four to five million jobs in the U.S. requiring data analysis skills by 2018, and an additional need of 1.5 million more managers and analysts with deep analytical and technical skills, according to a recent study by the McKinsey Global Institute. Read more from Berkley’s School of Information Science https://datascience.berkeley.edu/about/what-is-data-science/
Just in the last year the University of Illinois has announced the newDeloitte Center for Data & Analytics, and launched a new Masters ofComputer Science in Data Science as well asMasters of Science in Information Management. Illinois Research Park held its fourth annualBig Data Summit, and there is an Illinois Data Science Initiative focused on bringing cross campus expertise under one umbrella to support the demands and needs of the industry. Big Data is Changing Student Outcomes and Corporate Funding for Universities: Adopting Big Data as a program is a trend that has been increasing in many institutions of higher learning over the past few years. There has been a positive impact on student outcomes when using big data, but it has also been a positive to universities in terms of corporate funding. Read the following article from Boston Consulting Group Perspectives for more-https://www.bcgperspectives.com/content/articles/education_public_sector_five_trends_watch_higher_education/?chapter=3
Does your university have a Data Sciences program you would like to see highlighted? Reach out to the Newsletter committee and we can add your information to this blog post on this topic.