In addition, the institute will establish lines of research to develop innovative tools and techniques in Big Data Analytics and in the application of technologies and analytics schemes to the needs of companies. In order to do this, the institute will organize academic activities (seminars, workshops and meetings) on an international level that will facilitate participation by doctoral candidates whose dissertations focus on "Big Data".
Finally, the institute will carry out research and analysis work for companies as well as for public and private institutions, while also supporting the creation of "spin offs" or "start ups" should any of the projects it is involved in present a commercial opportunity.
Daniel Peña, the chancellor of UC3M, indicated during this act that this Project is going to create a world-renowned center for the analysis of large sets of data in the field of finance; it will be a model for other joint university-company research centers in Europe.
Ana Botín, the president of Banco Santander commented "the digital revolution, technology and the intelligent management of information will allow us to put innovation at the service of our clients. With Big Data we will better understand what their needs are, how they use our products and services and how we can improve them. This institute will research and develop the ways we can do exactly that, with a special focus on financial services.” She added, “our goal is to continue to earn our clients’ trust and loyalty, by doing things in a way that is simple, personal and fair. Big Data presents a great opportunity to transform and to improve our lives, and we must take advantage of that opportunity."
Internationally renowned scientists at UC3M
UC3M and Banco Santander, through Santander Universidades, will continue their collaboration to promote excellence in research by means of the Cátedras de Excelencia UC3M-Santander (UC3M-Santander Chair of Excellence) for four more years (2015, 2016, 2017 y 2018). With this program, which began in 2011, UC3M intends to attract top researchers from the worldwide university and research community.
For all of these initiatives, UC3M enjoys the support of Banco Santander which, through Santander Universidades, holds nearly 1.200 agreements with universities and research centers throughout the world. Since 1996, Santander Universidades has been in charge of the bank’s social action area, which has awarded over 1 billion Euros to university projects.
The Universidad Carlos III de Madrid (UC3M) is an innovative public university committed to improving society through by providing education of the highest quality and carrying out cutting-edge research, within strict international guidelines. It has three Undergraduate centers, in addition to a Graduate Studies Center, which manages and coordinates the university’s master’s programs, and a Doctoral school. Created in 1989, the university carries out its activities on four campuses and has 18,000 students, 18% of whom are foreign. Moreover, it is ranked number one in Spain and number three in Europe in the number of students who participate in Erasmus programs. In addition, UC3M is included in the QS ranking of the 50 best universities under 50 years old.