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What is Bioinformatics?
Bioinformatics is the application of computer technology and statistics to the management of biological information. In the past decade bioinformatics has become an integral component of research and development in biological sciences. The need for bioinformatics stems from a fundamental change that is taking place in biology.
Core of Bioinformatics
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sequence
3D structure
protein functions
Properties and evolution of genes, genomes, proteins, metabolic pathways in cells Use of this knowledge for prediction, modelling, and design
Need of bioinformatics
Data growth is exponential Difficult to understand life without BI Detection of new diseases BI tools allow to save expr. Expend. Rational Drug design Computer-aided vaccine design
Need of bioinformatics
8.
Bioinformatics Market
Global Bio-Informatics Market 1.2bn In 2004 Overall Market Size Projected to reach USD 1.7 bn by 2006 Indian Bioinformatics Market has touched USD22 Million in 2004 Indian Bioinformatics is growing at the rate of 40% per annum (Source: CII)
15%
Indian IT Companies
Indian IT companies such as Tata Consultancy Services (TCS), Cognizant Technologies, Infosys, Wipro, and Satyam have already set up their bioinformatics divisions.
TCS, for instance, is entering the bio-informatics market with its indigenously developed computing platforms and applications within this year. The company is nurturing a 40-member team that is working on developing bioinformatics software solutions.
Cont..
Indian IT Companies
A database application, specially created for the bioinformatics segment is in the pipeline. TCS is also looking at developing bio-informatics software applications in collaboration with biotech and pharma companies. Satyam's Center of Excellence has identified Data warehousing and Datamining as a key initiative area in the field of bio-informatics since the field is an emerging domain where data warehousing and datamining techniques and concepts are used extensively for deciphering complex patterns and to correlate and analyze the vast volumes of data generated.
Advanced algorithm s Data Structures 8% General Com puter Sciences 7% System s Adm inistration/Netw orking 2% Softw are Engineering 3%
Artificial Intelligence 3%
Structural Biology 7%
Genetics 11%
Mathematicians and Marketing people. Bioinformatics companies should expect revenues in a few million dollars only. Only those companies who are able to adapt and innovate will survive. A great deal of competition exists in the field. For any new company offering bioinformatics services or products, proof of concept, will be essential. This means that a nascent company will need to demonstrate its ability before getting business.
Experience
Formal Training and understanding market requirement of Bioinformatics Sound knowledge in Molecular Biology and programming Good typing speed, Knowledge in molecular Biology and computer application
Job Title
Group leaders / Sr. Executives / Scientists/ Faculties System Analyst Technical Asst./ Programmer /
COs / DEOs
Prot. Struc. Pred. Prot Design & Folding Macr. Modelling Evol. Biol. Struc-Func Studies Mech. of Dis. Data Mining Stud
Business Opportunities in BI
Software development Web servers development Train manpower in Field of BI Database management Rational Drug design Develop Diagnostic kits Assist user in Vaccine development Consultant to Biotech Companies
Outsourcing cont.
3) Leverage top talents from the bioinformatics
companies companies can make use of the best resources engaged in IT services without having to worry about recruiting, training and retaining professionals 4) Minimize on total cost of ownership the rate of obsolescence is very high in the IT sector. Companies who outsource do not have to bear the replacement costs that accompany obsolescence.
Outsourcing cont.
5) Improve service delivery to customers the company can dictate to the outsourcing partner the timelines it is required to meet. 6) Reduce cost and time the time spent otherwise on planning and development is saved and better utilized to managing the existing resources. 7) Expand service portfolio companies can extend their services without having to invest on building in house capabilities
Outsourcing
Inspite of a tremendous increase in demand, the US educational stream has not significantly increased the production of scientific workforce. As a result cost of research has gone higher. Many companies are realizing that they can get their research done abroad, at cheaper cost, without any compromise in quality. In clinical trials for example, GSK (Glaxo smith Kline) has announced that it will shift 30% of its clinical trials to
Im ple m e nt w e b-inte rface s for bioinform atics applications /data bas e s 12%
Re s e arch ne w De ve lop s oftw are for te chnologie s (algorithm s , bioinform atics applications principle s , m ode ls , 12% databas e s ) to as ce rtain the ir pote ntial for bioinform atic analys is 11%
Dis cove r ne w ins ights or hypothe s e s in m ole cular ge ne tics or e volutionary proce s s e s 10%