The University has committed $50 million—in addition to more than $50 million it has invested in recent years—to greatly expand its work in this burgeoning field of Big Data.
The commitment includes the creation of an Institute for Data Science and the construction of a state-of-the-art building to house it. The University will also recruit as many as 20 new faculty members in many departments in which data science and data analytics play a critical role: biostatistics, brain and cognitive sciences, computer science, physics, political science, psychiatry, and others.
The new Institute for Data Science (conceptual rendering courtesy of Kennedy & Violich Architecture, Ltd.)
The building will also extend the collegiate character of the River Campus’s Eastman Quad to a new area on campus. It creates a distinctive space where someone can walk in any direction and engage with faculty members in medicine, the humanities, education, and business.
This hub for data science–related programs further enriches the collaborative environment for which Rochester is well known. The institute will become the anchor of the new Science and Engineering Quadrangle on the River Campus, the University’s main campus. Construction of the building will facilitate centralization of formerly dispersed areas and be the catalyst for reconfiguration and renovation of research and lab spaces.
A 2014 report by the Center for Governmental Research shows that the University of Rochester is either directly or indirectly responsible for supporting an estimated 50,300 jobs in the region. The report also finds that the new Institute for Data Science will create 460 jobs and generate an estimated $530 million in research funding over a ten-year period.