SLIDE 4 4 Sizing Up Big Data
Steve Lohr, NY Times, June 20, 2013
- Philosophy about how decisions should be
made
– Decisions based on data and analysis Decisions based on data and analysis – Less based on experience and gut intuition – Eliminates anchoring bias and confirmation bias
- Revolution in measurement
– Digital equivalent of the telescope – Digital equivalent of the microscope
Sizing Up Big Data
Steve Lohr, NY Times, June 20, 2013
– Web pages, browsing habits, sensor signals, social media, GPS location data, genomic , , g information, surveillance videos – Advances in data storage and processing – Machine learning/AI software to find actionable correlations from the big data
Jeffrey Hammerbacher
http://www.youtube.com/watch?v=OVBZTDREg7c
- All industries are being disrupted
– Moneyball, 538, Large Hadron Collider
- McKinsley: Big Data: The Next Frontier
- McKinsley: Big Data: The Next Frontier
for Competition
– $338 billion potential annual value to US healthcare
– $165 billion in clinical operations – $105 billion in research and development
Jeffrey Hammerbacher
http://www.youtube.com/watch?v=OVBZTDREg7c
- Oracle: From Overload to Impact
– Healthcare executives say collecting & managing more business information today than 2 years ago A erage increase 85% per ear – Average increase 85% per year
- Frost & Sullivan: US Hospital Health Data Analytics
Market – 2011 10% of US hospitals use data analytic tools – 2016 50% of US hospitals will use data analytic tools
Big Data
Viktor Mayer-Schonberger & Kenneth Cukier, 2013
- To analyze & understand the world we used to test
hypotheses driven by theories
- Big data discards theories & causality for
correlations
- Univ of Ontario premature baby studies
- 1,260 data points per second
- Diagnose infections 24 hours before apparent
- Very constant vital signs indicate impending
infection
Algorithms Mine Public Data
- Atul Butte combined data from 130 studies of
gene activity levels in diabetic & healthy tissue
- Butte identified new gene associate with Type 2
g yp DM because stood out in 78/130 studies
- Algorithm looking for drugs & diseases that had
- pposing effects on gene expression
– Cimetidine for lung adenocarcinomas – Topiramate for Chrohn’s Disease