About us

The story of efl - the Data Science Institute

Story of the efl and its members

The Data Science Institute is an industry-academic partnership between Frankfurt and Darmstadt Universities and partners Deutsche Bank, Finanz Informatik, DZ Bank Gruppe, Deutsche Leasing, American Express, FACTSET Digital Solutions and Deutsche Börse Group located at Goethe University Frankfurt.

The Data Science Institute was formed from the e-finance lab that was founded sixteen 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 Data Science Institute research is supervised by 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 Administration, Goethe University of 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 the Goethe University of Frankfurt. Prof. Dr. Wolfgang König holds the Senior Professorship for Business Administration, in particular Information Systems and Information Management at the Goethe University in Frankfurt. Prof. Dr. Bernd Skiera holds the Chair of Electronic Commerce at the Faculty of Economics and Business Administration, Goethe University of Frankfurt.

Areas of action

The Data Science Institute provides advanced training for students of the participating universities and staff of the sponsors. In the winter semester 2019/2020 the institute offers introductory courses in Data Science for students. This courses will be 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 five 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. In the health sector the Data Science Institute focuses on human-machine interaction and collaboration, interactive machine learning and quantified self. Data Science for Law focuses on the automation of case classification as well as automated intelligent law assistants. The last section deals with general, cross-sectional research. Topics include for example AI, Digital Transformation, Decision Support Systems and the Internet of Things.

Members of the Board

Chairman of the Board
Wolfgang König holds the Senior Professorship for Business Administration, in particular Information Systems and…
Vice Chairman of the Board
Oliver Hinz is Professor of Information Systems and Information Management. His main topics at efl - the Data Science…
Vice Chairman of the Board
Prof. Dr. Peter Gomber holds the Chair of e-Finance at the University of Frankfurt. He is Co-Chairman and Member of the…
Member of the Board
Prof. Dr. Bernd Skiera holds the Chair of Electronic Commerce at the Faculty of Economics and Business Administration,…
Member of the Board
Prof. Dr. Carsten Binnig is part of the Department of Computer Science at the TU Darmstadt in Darmstadt, Germany. He…
Member of the Board
Prof. Dr. Hackethal's empirical research is on individual investment behavior, the role of financial advice and on…

Sponsors

The following sponsors support efl - the Data Science Institute Frankfurt