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Data Science and Management Forum promotes data science to grow business opportunities

2021-04-06

“The numbers speak for themselves” Data collection, computing and application has become a trend in our digitalization era. To respond to this trend, National Sun Yat-sen University, together with Metal Industries R&D Center (MIRDC) have organized the first edition of Data Science and Management Forum. NSYSU Senior Vice President I-Yu Huang said that NSYSU has obtained the accreditation of the Association to Advance Collegiate Schools of Business (AACSB) as the second university in Taiwan after National Chengchi University and he emphasized that the University is one of the youngest universities in Taiwan, younger than National Taiwan University, National Cheng Kung University, National Tsing Hua University, and National Chiao Tung University. He said that NSYSU and MIRDC have been cooperating closely to expand the future industry-academia connections, including in such areas as fish-processing, Indigenous Defense Submarine Project, or advanced materials for aerospace, so as to have a greater contribution to the planning and impact of the national policy.

Senior Vice President Huang, Dean of the College of Management San-Yih Hwang, Director-General Tai-Hsiang Liao of the Economic Development Bureau of Kaohsiung City Government, Chairman Ren-Yih Lin and Executive Director Chiu-Feng Lin of MIRDC made the opening of Data Science and Management Forum, during which NSYSU and MIRDC tied a strategic alliance on cooperation in academic research and talent cultivation. Both parties are determined to promote scientific research in industrial data and cultivate cross-disciplinary talents.

Chairman of MIRDC Ren-Yih Lin said that the forum demonstrated value creation strategies and practical results of the cooperation between the industry, academia, and research circles, and explained how Big Data technologies can be applied to assist the work of government think-tanks. Gathering Big Data of the industry and comprehensive information on domestic manufacturers can support industrial park management. Global import and export trade data can help track the development of the domestic metal industry and formulate the best strategy for the metal industry. By following the news on offshore wind power industry, we can get acquainted with the trends in global industry exhibition, industry structure, and contractors’ interaction, and further, study the strategies of international benchmark manufacturers. Chairman Lin hopes that the first edition of the Forum and the tied alliance can be the start of a fruitful cooperation between both parties to make a greater contribution to the local industry.

Director-General of the Economic Development Bureau, Kaohsiung City Government Tai-Hsiang Liao said that “data scientist is the hottest profession of the 21st century.” The College of Management is focusing more and more on data science, as this field is of growing importance. But the first thing to do is to establish a database. Director-General mentioned the example of a large manufacturer that spent tens of millions of dollars on data science research. For the first two years, the investment brought no actual benefit as the it focused on gathering data but now, the project helped the company save about 2.2 billion dollars a year, and 30 billion dollars are expected to be saved next year – a proof of the astonishing benefits data science can bring.

After the meeting, NSYSU and MIRDC announced their cooperation on Taiwan Plus United Database that will provide more than 30 kinds of data research information free of charge for academic users to apply for access. Both parties hope that data science analysis, application, and technology can be used for industrial parks management and factory counseling, add value to the traditional industry, and bring insights into emerging industries and innovations in academic research. Maximizing the value of data will benefit the industry, government, academia, and research.
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