Last month, Professor Eli Upfal, the Rush C. Hawkins Professor of Computer Science at Brown University, and his research group received a generous gift from Two Sigma Investments. Two Sigma is a New York City-based systematic investment manager, founded with the goal of applying cutting-edge technology to the data-rich world of finance. Their investment strategies employ a variety of technological methods, including artificial intelligence, machine learning, and distributed computing.
The gift will support the research of Professor Upfal and his group in algorithmic data science. Specifically, they are studying practical applications of theoretical statistical learning methods to the analysis of non i.i.d sequences (time series), with the goal of making the best use of the available data (i.e. extracting the most actionable information from it, and do so efficiently, and with provable statistical guarantees).
Eli says that he is particularly impressed with the interest of real world businesses in well-founded mathematical and statistical methods that come out of highly theoretical research.