MADISON, Wis. (WMTV) — American Family Insurance announced Friday that it will invest $20 million in UW data science initiatives.
That includes $10 million in research over the next decade and establishing a $10 million endowment to create the American Family Insurance Data Science Institute on the UW-Madison campus.
The creation of the institute means that UW-Madison can now create a data science major.
“Virtually every discipline in this university is becoming more data-driven,” said the chancellor of UW-Madison, Rebecca Blank. “Both more use of big data, more use of data analytic techniques. And that is only going to grow over time.”
According to a press release, Am-Fam hopes that new research associated with the partnership will yield breakthroughs in many areas, from precision agriculture to autonomous vehicles.