American Family Insurance announced a $20 million investment in the data research initiatives spearheaded by the University of Wisconsin at Madison (UW-Madison). Half of the money will be used to create a data science center on the campus while the other half will fund data science research over the next ten years.

Here is an excerpt from a post in the University of Wisconsin-Madison News:

“American Family Insurance is a proud partner and supporter of UW–Madison,” said Jack Salzwedel, American Family Insurance chair and CEO. “This latest partnership recognizes the importance of using data science to help our customers, by providing insights on the challenges they face and how best to take action to meet them. The Institute will also develop a pipeline of potential future employees in the data science field, as well as provide valuable learning opportunities for our current employees.”

The institute will be located in the McArdle Building and Brian Yandell, professor of biometry, statistics and horticulture, will be the interim director. It will bring together the data science community at UW–Madison and foster new industry partnerships in a rapidly evolving area. The institute will likely increase philanthropic interests in data science applied to domains across UW–Madison, and could also serve as a magnet to attract new faculty.

The institute will be located in the McArdle Building and Brian Yandell, professor of biometry, statistics and horticulture, will be the interim director. It will bring together the data science community at UW–Madison and foster new industry partnerships in a rapidly evolving area. The institute will likely increase philanthropic interests in data science applied to domains across UW–Madison, and could also serve as a magnet to attract new faculty.