Melbourne to lead new $20m ARC Centre of Excellence

19 December 2013

The University of Melbourne will lead the establishment of a new, $20m research centre that will create innovative mathematical and statistical models for analysing big data sets.

The ARC Centre of Excellence for Mathematical and Statistical Frontiers of Big Data, Big Models, New Insights aims to uncover knowledge concealed within the size of these big data sets, many of which have the potential to make vital contributions to society, business and government.

These data sets are so large and complex that they are difficult to process and analyse using traditional tools, said ARC Laureate Fellow Professor Peter Hall from the University's Department of Mathematics and Statistics, and director of the new Centre.

"Current solutions are ad-hoc, since adequate, mathematically founded statistical techniques currently do not exist," he said.

The Centre is aligned with the National Research Priority Area of Frontier Technologies for Building and Transforming Australian Industries. These national policies focus investment on research in key areas that can deliver significant economic, social and environmental benefits to Australia.

The University's Deputy Vice-Chancellor, Professor James McCluskey, congratulated Melbourne researchers on an outstanding effort in securing the support for the new Centre of Excellence.

“The new Centre will produce a lasting body of excellent and influential research, which has the potential to add real value to a range of areas from health care services and road traffic networks, to marine ecosystems, astrophysics and more,” he said.

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