Dr Gareth Peters is co-recipient of Australian Research Council grant to develop new algorithms

Professor Matthew Wand (Chief Investigator, University of Technology Sydney) and Dr Gareth Peters (Partner Investigator, UCL) have been awarded a highly competitive Australian Research Council grant from 2017-2023 totalling $386,828 AUD, with Dr Peters also due to receive as part of this grant an additional component known as a Discovery International Award (DIA).

The project, titled fast approximate inference methods: new algorithms, applications and theory, aims to develop new algorithms and theory for fast approximate inference and lay down infrastructure to aid future extensions. Fast approximate inference methods are a principled and extensible means of fitting large and complex statistical models to big data sets. They come into their own in applications where speed is paramount and traditional approaches are not feasible. The project aims to lead to practical outcomes from better business decision-making for insurance data warehouses, to improved medical imaging technology.