BUILDING INFORMATICS INDUSTRY IN CHARLOTTE Charlotte Informatics Partnership BUILDING INFORMATICS INDUSTRY IN CHARLOTTE Yi Deng, Ph.D., Dean College of Computing and Informatics University of North Carolina at Charlotte Yi.Deng@uncc.edu cci.uncc.edu

Charlotte Informatics Partnership Conceived by industry and academic leaders Supported by Chancellor Phil Dubois A unique public-private, industry-academic partnership to establish the Charlotte region as a national hub for informatics

Coming Informatics Revolution Informatics – Technologies and processes of turning (big) data into business insights, innovations and values Examples Wal-Mart’s customer tracking mines petabytes (10¹⁵) of data to understand customer preferences and buying behavior NC DHH’s analysis of 2 million Medicaid records to detect fraud, estimated saving of $37 million in year one Why should we care? (McKinsey, MIT Sloan, IBM, Economist) $300 billion - annual value to US healthcare 60% - potential increase in retailers’ operating margin $100 billion – estimated data management and analytics market alone Wal-Mart: data…raw material of business in 21st Century, an economic input…almost on par with labor and capital Microsoft: we are at convergence of the “data-centric economy”

Why CIP a “Big Hairy Audacious Goal” for Charlotte? Informatics will be a major industry! Informatics industry exists not only in IT, but also in financial services, retail, energy, healthcare, … CIP will enable a rising informatics industry in Charlotte A strong informatics industry in Charlotte will not only make industries in Charlotte more competitive but also attract business investments, start-ups, and innovative companies create 1000s high-end jobs be a perfect way to diversify Charlotte economy

What Makes CIP Special? Every major industry in the region depends on informatics for its competitiveness and survival Charlotte has the need and market for informatics Informatics industry is emerging; no region has claimed leadership Timing is perfect and critical Talent is key to informatics industry NEEDED: additional 140,000 – 190,000 deep analytic talents; 1.5 million data-savvy managers; 50,000 healthcare IT professionals… (McKinsey, et al) Growing UNC Charlotte makes large-scale informatics programs feasible It will further UNC Charlotte as a key enabler and partner for Charlotte economic development

Charlotte Informatics Partnership “Ask” Stake your claim – make your organization a partner Invest – provide financial contributions to CIP Advocate – help to lead and to champion for public investment Network – spread the word and help to bring in other organizations

Thank You! Contact Information: Olin Broadway, Executive in Residence College of Computing and Informatics UNC Charlotte OlinBroadway@uncc.edu Yi Deng, Ph.D., Dean Yi.Deng@uncc.edu