University of Michigan invests $100M in big data initiative

Ann Arbor-based University of Michigan announced a new initiative in which the university will invest $100 million over five years to create opportunities for students and faculty researchers to dive into big data, according to a Crain's Detroit Business report.

The initiative, called the Data Science Initiative, will span a variety of fields and industries, from healthcare to economics to social behavior, according to the report.

"To spur innovation while providing focus, the DSI will launch challenge initiatives in four critical interdisciplinary areas that build on our existing strengths in transportation research, health sciences, learning analytics and social science research," said Martha Pollack, chief academic officer and provost of the university.

The DSI will also create jobs for 35 faculty members and provide students an opportunity to work with and pursue careers in data science, according to the report.

DSI is schedule to launch Oct. 6.

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