Story of the efl and its members
The Data Science Institute is an industry-academic partnership between Frankfurt and Darmstadt Universities and partners Deutsche Börse Group, DZ Bank Gruppe, American Express, Bechtle, Finanz Informatik, and usd AG located at Goethe University Frankfurt.
The Data Science Institute was formed from the E-Finance Lab that was founded twenty years ago to develop scientific yet managerial methods for rearranging the business process of the financial service industry. On the basis of this successful project, the Data Science Institute was newly-created to help other industries beyond the finance sector for which data analysis is also important.
The research activities of the Data Science Institute are overseen by a Scientific Advisory Board comprising five professors: Prof. Dr. Carsten Binning who is part of the Department of Computer Science at the TU Darmstadt. Prof. Dr. Peter Gomber holds the Chair e-Finance (Department of Information Systems) at the Faculty of Economics and Business, Goethe University Frankfurt. Prof. Dr. Andreas Hackethal leads a Chair at the House of Finance for Personal Finance. Prof. Dr. Oliver Hinz is Professor of Information Systems and Information Management at Goethe University Frankfurt. Prof. Dr. Bernd Skiera holds the Chair of Electronic Commerce at the Faculty of Economics and Business, Goethe University Frankfurt. In addition, the Institute’s activities are further supervised by a Board of Trustees.
Areas of action
The Data Science Institute provides advanced training for students of the participating universities and staff of the sponsors. The institute offers introductory courses in Data Science and the programming language Python for students. The courses are rewarded with a certificate. More information is provided in the teaching section. Another focus is the outstanding research. The institute is committed to conducting high-quality research with focus on new technologies and connected topics. For further information on upcoming events click here.
Research areas of the efl
The Data Science Institute focuses on three topics concerning research. In the financial service sector technological innovations and regulatory changes require the insight on the interplay of financial innovation and the structure of financial markets. Another topic is the application of data-driven-marketing and in particular questions related to electronic commerce, online-marketing, marketing analytics, financial innovation and customer management. The last section deals with general, cross-sectional research. Topics include for example AI, Digital Transformation, Decision Support Systems and the Internet of Things. An overview of our past research projects is available in our progress reports.
Sponsors
