Big Data Analytics Gets a Big Nod from NIH
October 10, 2014, 10:07:02 AM
There was great news yesterday from the National Institutes of Health (NIH), especially for those of us who support Big Data analytics as having a major role to play in fixing some of what’s broken in healthcare. The NIH announced an initial investment of almost $32 million during fiscal year 2014 in awards to multiple institutes working on challenges related to Big Data analytics in healthcare. This investment is part of the NIH’s Big Data to Knowledge (BD2K) initiative, which is projected to have a total investment of nearly $656 million through 2020, pending available funds.
This move my the NIH is significant, because it marks the first round of investment by the government in Big Data for healthcare since BD2K was set up in 2012. It means that the public sector clearly sees the promise of Big Data as a tool to improve biomedical research, drug development, care delivery and patient outcomes as worth committing to. That’s great news for researchers, the pharmaceutical industry, Big Data companies, health systems and patients.
We applaud the NIH for creating BD2K and investing in Big Data for a brighter future. Look for this news to be a hot topic of discussion at the many Big Data conferences being held throughout the world.