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Academic data project sends TR shares higher

Thomson Reuters' New York shares were up around 1.9 per cent to about $36.90 before easing slightly on Wednesday after the company announced a global institutions and research facilities project.

The company said it has collected data on hundreds of such facilities. The result is the Global Institutional Profiles Project, described as "the most advanced data-driven view of globally significant universities and research institutions available".

"We've developed a data and analysis system that provides the best informed and most effective resource to build profiles of universities and institutions around the world," said Jonathan Adams, director of research evaluation. "Providing institutions with a rounded profile of their activity allows them to compare themselves with peers rather than global averages. This converts data into truly useful management information."

The data will allow universities and research organisations' administrators to change their approach to institutional comparisons.

The Times Higher Education weekly magazine is the first to use a customised dataset from the project to produce an improved version of their annual World University Rankings to be published on 16 September. ■

The Street