Data Analytics for Life Sciences in the Cloud

In recent years, there has been an increase in the volume and variety of medical information generated regarding patients profiles, compliance and regulatory requirements, and scientific research. Increase in the use of mobile devices and sensors in pharmaceutical and life science organizations has increased data volume, velocity, and variety, driving the need for a new data management and data analyticsapproach. Traditional collection and processing of such data leads to increased cost and does not improve outcomes.Data analytics plays a crucial role in segregating and managing data in an efficient manner. Companies such as Oracle Corporation, IBM Corporation, and Google Inc. are emphasizing on developing new data analytics tools for various operations in the life science industry. Furthermore, pharmaceutical and biomedical companies have begun to realize real benefits from this evolving data ecosystem, using cloud-based storage and distributed computing power platforms.