Case Western Reserve University in Ohio received a nearly $3 million donation to help launch an undergraduate major in data science next semester, Cleveland.com reported.

Alumnus Robert Herbold, chief operating officer of Microsoft during its period of greatest growth, committed $2.6 million for the endowment of the Robert J. Herbold Professor of Informatics and Analytics at the Case School of Engineering, according to Cleveland.com.

"Bob Herbold's career testifies to the tremendous power that information has to improve performance and advance innovation," CWRU President Barbara R. Snyder said. "This professorship will help us give future generations the skills required to excel in this new environment."

Herbold earned a master's degree in mathematics and a doctorate in computer science at Case Western Reserve University.

The data science program is expected to combine coursework in advanced mathematics, statistics and computer programming with study of applications of data in such realms as energy, health and manufacturing. It will also involve hands-on work on smaller projects and a capstone effort, as well as internships or a co-op experience.

"The ability to evaluate and apply data has always been an integral part of an organization's success," Herbold said in a statement. "But the unprecedented amount of information available today demands far more sophisticated approaches to analysis and execution. Case Western Reserve's historic strengths give the university a unique advantage in preparing students to seize these emerging opportunities."

The amount and availability of data are expanding rapidly. So much so that McKinsey & Co. estimates that the nation faces a shortage of between 140,000 and 190,000 deep analytics workers-and 1.5 million managers with data expertise-within the next four years, Cleveland.com reported.

McKinsey also estimates the U.S. could save $300 billion on health care alone with more effective use of data.

"The potential that exists today to enhance operations and outcomes is nearly limitless," Herbold said. "Those who understand how data works and what it can yield will carry enormous advantage in the new economy."