We use cookies, including third-party cookies from Google to serve personalized ads through AdSense, to operate this site and understand how it is used. By continuing to browse, you accept this use. See our Privacy Policy and Terms of Use for details, including how to opt out of personalized advertising.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    chatgpt image jul 21, 2026, 04 34 30 pm
    4 Core Benefits of Predictive Maintenance after Vibration Analysis
    10 Min Read
    How Does Data Mining Boost Customer Satisfaction in Logistics? Harnessing Analytics for Results -- AI-generated illustration
    How Does Data Mining Boost Customer Satisfaction in Logistics? Harnessing Analytics for Results
    11 Min Read
    chatgpt image jul 13, 2026, 04 23 45 pm
    How Data Analytics Helps Companies Improve User Engagement
    19 Min Read
    chatgpt image jul 13, 2026, 03 59 46 pm
    How Data Analytics Improves Multi-Location Search Strategies
    10 Min Read
    cybersecurity efforts
    How Behavioral Analytics and AI Are Redefining Cybersecurity for Boca Raton Businesses
    14 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Will Big Data Be The Key To Affordable Precision Medicine?
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Big Data > Will Big Data Be The Key To Affordable Precision Medicine?
Big Data

Will Big Data Be The Key To Affordable Precision Medicine?

Larry Alton
Larry Alton
5 Min Read
Will Big Data Be The Key To Affordable Precision Medicine?
SHARE

Science is a data game – there seems to be endless amounts of information, which means some of it is bound to get lost in the shuffle. Unfortunately, as we move in the direction of precision medicine where treatment is targeted to the individual, we need all the data that is available to be included in a patient’s treatment decision. The cure for what ails one person may be buried in the success or failure of another’s treatment.  First, we have to uncover it – then, there needs to be a way to manage it.

Can better information management through advanced big data tools help us reach a point of affordable precision medicine? Here’s what we know about the current state of big data in healthcare.

R&D As A Data Trap

One of the primary reasons that precision medicine is so expensive is because of the sheer amount of prior effort that goes into developing treatments.  And when the results of R&D, whether positive or negative, aren’t communicated clearly or data is lost in the process, that drives cost up even further and delays needed treatments to patients. Overall, R&D has the technology needed to develop new treatments, but not the data mining tools needed to assess past research.

More Read

Storing and Mapping Your Life in 3D
Where the Fog Meets the Edge
“All that glisters is not gold” – some thoughts on dashboards
How Big Data Is Interrupting The Real Estate Industry
No Shortcuts: Read the BI/DW Instructions and Ask for Directions

Competitive research organization should focus on interdisciplinary thinking and information processing so that a greater number of team members have the ability to identify valuable data. Assessment needs to be a shared skill, but it needs to be bolstered by the ability to meaningfully filter through past clinical trials, case studies, research and articles, meeting abstracts, papers and proceedings, etc., from decades past.

Differentiating Data

At its core, precision medicine is about identifying actionable data and acting on evidence. After all, one of the reasons that medical care costs so much is that the system is rife with waste – in both time and resources. Patients are given the wrong care at the wrong time, leading to suboptimal outcomes and lost windows for treatment. They get sicker while being offered care without evidence it will work for them, for the simple reason that it’s the standard treatment.

If we design systems that collect more actionable data within an enhanced UX framework, we’ll be better positioned to put that information to work. Often, what we need to know in medicine is trapped within a study with entirely different aims. When it comes to precision medicine, we need to be able to differentiate each data stream, each part of a data set, because sometimes the right treatment is the accident from someone else’s work.

Finding A Market

It’s hard to prove there’s a market for the data systems we need to make precision medicine work because right now very few people can afford such care. In fact, drug costs are so high that many think something unethical is afoot in R&D when what’s going on might just be bad data management. For now, we’re stuck trying to prove people will benefit from treatment they can’t afford in order to develop systems that will make it affordable; it’s a data systems catch-22.

To overcome this paradox, we’ll need different business models, potentially models that bring together big data innovation with healthcare R&D; a joint tech-healthcare undertaking may be profitable when nothing else is. Patented data processing systems would undoubtedly recoup their own costs if licensed to other healthcare companies. It’s a matter of pursuing the innovations that will make the whole industry profitable. We need to shift R&D funding to the tech side to advance the medical side.

Precision medicine is the future – and it’s going to remain the future for now. Big data will change the industry. Until then, patients are waiting.

Share This Article
Facebook Pinterest LinkedIn
Share
ByLarry Alton
Follow:
Larry is an independent business consultant specializing in tech, social media trends, business, and entrepreneurship. Follow him on Twitter and LinkedIn.

Follow us on Facebook

Latest News

What Your Brand Misses That Data Reveals -- AI-generated illustration
What Your Brand Misses That Data Reveals
Big Data Exclusive Infographic
5 Common Mistakes Businesses Make During the Risk Assessment Process -- AI-generated illustration
5 Common Mistakes Businesses Make During the Risk Assessment Process
Business Intelligence Exclusive Risk Management
Best Age Estimation Software in 2026: Which Facial Age Providers Actually Hold Up -- AI-generated illustration
Best Age Estimation Software in 2026: Which Facial Age Providers Actually Hold Up
Artificial Intelligence Exclusive Machine Learning
Top 8 Multi-Cloud Architecture Tools for Automated Infrastructure Design in 2026 -- AI-generated illustration
Top 8 Multi-Cloud Architecture Tools for Automated Infrastructure Design in 2026
Cloud Computing Exclusive IT

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

USAF Prevents Insomnia with Geospatial

3 Min Read

How BI & Data Analytics Pros Used Twitter in May

5 Min Read
data cleansing tips for business analytics
Big Data

How Data Cleansing Can Make or Break Your Business Analytics

9 Min Read

The Benefits of Brevity

1 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-26 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?