Algonquin College on Monday (June 12) morning formally announced that it will receive $2.3 million over five years ($460,000 per year) to fund a new Data Analytics Centre which will work with local and national partners to harness the power of big data for the purposes of data mining, machine learning for predictive analytics, and distributed intelligence.
This initiative is the first of its kind in the Canadian college system, and will join Algonquin College’s six applied research centres under its Office of Partnerships, Applied Research, Innovation, and Entrepreneurship.
MP Anita Vandenbeld was on hand to make the announcement.
“With this technology Algonquin College will have new methods of providing applied research support to local businesses and industry. Companies will benefit from access to college expertise and resources; faculty will gain new knowledge and insights to integrate into the curriculum; college students will benefit from a real world, engineering experience,” said MP Vandenbeld, “In short, our government’s funding and this cutting edge technology will further anchor Algonquin College’s position as one of Canada’s premiere institutions.”