Two NYU Stern Professors Awarded $1 Million in National Science Foundation Career Grants.

-Anindya Ghose and Panagiotis Ipeirotis Each Given $500,000 for Academic Research-

NEW YORK -- NYU Stern today announced that Anindya Ghose and Panagiotis (Panos) Ipeirotis, both assistant professors of information, operations, and management sciences (IOMS) at the School, have been recognized by the National Science Foundation (NSF) with its Faculty Early Career Development Award (CAREER). As part of this prestigious award, each will receive a total of $500,000 over the next five years for their sponsored research.

The Faculty Early Career Development Program (CAREER) is a highly competitive, Foundation-wide activity that offers the NSF's most prestigious awards for new faculty members. The CAREER program recognizes outstanding scientists and engineers who, early in their careers, show exceptional potential for leadership at the frontiers of knowledge and are most likely to become the academic leaders of the 21st century. CAREER awardees are selected on the basis of creative, career-development plans that effectively integrate research and education within the context of the mission of their institution.

"To have two Stern faculty members from one department recognized in the same year for their research by the National Science Foundation is a truly exceptional accomplishment that speaks to the intellectual energy of the IOMS department and to the Stern School's leadership in research on data mining and business intelligence, the economics of information technologies, and business strategy in digital markets," said Thomas F. Cooley, dean, NYU Stern School of Business.

Ghose's research will identify and measure the economic value of online information and contribute to an understanding of the economic impact of new kinds of information content on the Internet. It will lead to actionable recommendations for practitioners to improve the design of electronic markets and social networks. He will also integrate his findings into his teaching at NYU Stern through a combination of new course materials, datasets, and interactive learning modules.

Ipeirotis' research examines Internet searches, specifically how to provide Internet users the power and tools to quickly process the vast amount of available data and receive answers to complex questions. When dealing with complex queries, users currently have to search through a large number of returned documents to identify and construct the required answer. This research will enable businesses to answer these complex questions and show not only the answers, but also the economic impact of the available information.

"Both grants address how to make sense of the burgeoning amount of information on the Internet and to assign it economic value," said Vasant Dhar, NYU Stern professor and deputy chair of the Information Systems Group in the IOMS department. "Panos' research improves the way we find information by enabling users to convert unstructured information web pages into structured form and by estimating the economic value of each piece of extracted information. Anindya's research quantifies the economic value of information on the Internet with the objective of improving the design and profitability of electronic markets, online retailers, and social networks."

The NSF grant is one of several recent honors awarded to Ghose and Ipeirotis. The duo received the 2006 Microsoft Live Labs Award, and each has received NET (Networks, Electronic Commerce and Telecommunications) Institute grants. In addition, Ghose received the 2005 Association for Computing Machinery (ACM) SIGMIS Doctoral Dissertation Award, and Ipeirotis received the 2006 ACM SIGMOD best paper award.

About NYU Stern

New York University Stern School of Business, located in the heart of Greenwich Village, is one of the nation's premier management education schools and research centers. NYU Stern offers a broad portfolio of academic programs at the graduate and undergraduate levels, all of them informed and enriched by the dynamism, energy, and deep resources of the world's business capital.