News

Helsinki Graduate School of Economics gets new professorship in data sciences 

New professorship at the Aalto University School of Business made possible by joint 2.5 million euro donation from the Saastamoinen and Jenny and Antti Wihuri foundations
Kauppakorkeakoulu
The economics and data sciences professorship generates significant cross-faculty and cross-school opportunities for different universities and schools of business.  Photo: Aalto University, Mikko Raskinen

The Helsinki Graduate School of Economics (Helsinki GSE) works to increase the quantity and quality of economic education and training in Finland, as well as promote cooperation between economics and other academic fields. Helsinki GSE is a joint unit of Aalto University, the University of Helsinki and Hanken School of Economics. 

Helsinki GSE’s new economics and data sciences professorship is housed at the Aalto University School of Business. The professorship is based on a 2.5 million euro donation made by the Saastamoinen Foundation and the Jenny and Antti Wihuri Foundation. Both donated 1.25 million. 

Accelerating digitalisation increases the amount of data in all sectors of society. Efficient use of digital materials in decision-making requires the ability to gather, organize and analyse data. Consequently, the decision-making process produces essential information about causal relationships. 

The need to use data more efficiently in the decision-making process is why donors support the economics and data sciences professorship. 

‘The professorship complements the high level of Finnish research on machine learning by introducing alongside a profound understanding of the economic behaviour of decision-makers,’ says Petteri Karttunen, Chairman of the Saastamoinen Foundation’s Board of Directors. 

According to ArtoMäenmaa, Executive Director of the Jenny and Antti Wihuri Foundation, Helsinki GSE is also an appealing project. 

‘High-quality science is a prerequisite for our society’s success. Collaborations are often excellent ways to increase effectiveness. Helsinki GSE combines these,’ he explains.  

The economics and data sciences professorship generates significant cross-faculty and cross-school opportunities for different universities and schools of business. 

‘I would like to thank the Saastamoinen Foundation and the Jenny and Antti Wihuri Foundation for their long-term support of Aalto University and the School of Business, as well as for this substantial donation. The professorship will strengthen Helsinki GSE’s ability to provide first-class research and education,’ says Ilkka Niemelä, President of Aalto University. 

The Dean of the School of Business Ingmar Björkman also thanks the foundations: ‘This is a significant donation. The understanding of data analysis is becoming more and more important in economics education as well as in business operations.’ 

Economists specialised in economics and data sciences gain employment in various sectors. 

‘Combining statistical analysis with the economic modelling of decision-making creates considerable added value, for example in the technology and game industry, retail sector and public sector,’ states Otto Toivanen, Academic Director of the Helsinki GSE. 

Helsinki GSE started operating in spring 2018 and its doctoral programme and research master’s programme for postgraduate studies began in autumn 2018. 

The Saastamoinen Foundation supports science and art by promoting research, training and networking in Finland and internationally. 

Jenny and Antti Wihuri Foundation works towards fulfilling the requisites of a thriving society by enabling science, art and social activities.

Further information:

Ilkka Niemelä, President, Aalto University
tel: +358 50 452 4690
[email protected] 

Otto Toivanen, Academic Director, Helsinki Graduate School of Economics
tel: +358 50 4622125
[email protected] 

Petteri Karttunen, Chairman of the Board of Directors, Saastamoinen Foundation
tel: +358 40 5001053
[email protected] 

Arto Mäenmaa, Executive Director, Jenny and Antti Wihuri Foundation
tel: +358 50 2536
[email protected] 

  • Published:
  • Updated:
Share
URL copied!

Read more news

CYBER_Aki-Pekka_Sinikoski010.jpg
Cooperation, Research & Art Published:

School of Science researchers now involved in five Centres of Excellence

SCI researchers are partners in three new Centres of Excellence: Life-Inspired Hybrid Materials, Randomness and structures, and Virtual laboratory for molecular level atmospheric transformations.
Students in a laboratory
Cooperation Published:

Collaboration between Aalto University and ABB leads to pioneering innovations in sustainable development

We are developing world-class technologies together as the shipping sector is shifting to using electronic, autonomous and emission-free solutions. We collaborate closely also in technologies related to digital twins for electric drives and 5G solutions for power grids. The driver behind the development is electrification accelerated by the energy transition.
Lisa Schröder
Cooperation Published:

School of Business donor stories: Lisa Schröder

‘May Aalto University remain this forward thinking, empowering and ever evolving institution that I got the privilege to attend!’
Kati Ovaska
Cooperation, Studies Published:

School of Business alumni story: Kati Ovaska

I would argue that there is no better start to your career than being an associate in audit practice says Kati Ovaska who has had multiple work opportunities within the company after graduation. EY encourages people to take the steering wheel of their career: 'Your career, it’s yours to build'.