Mr Jignesh Bhate, CEO, Molecular Connections
Rapid advances in biotechnology have led to a data deluge which has the potential to radically alter drug discovery landscape and may help personalized medicine to go mainstream in near future. The challenge of tapping this wealth of data to generate new knowledge has given rise to new business opportunities. Arrival of cost-effective human genome sequencing techniques and increasing public and private sector investment in genomics, proteomics and related technologies have given a significant fillip to bioinformatics research and startups in India.
Indian bioinformatics market is focused on biological database creation and management; data analysis and visualization tools; and services and IT infrastructure. Companies from IT and life science sector are gradually gaining traction in bioinformatics industry by developing innovative products and services.
Biological databases are generating significant amount of revenue for the bioinformatics industry. These databases are accessed by the pharma companies at key steps of the drug discovery pipeline and thus reducing time and money involved in drug development cycle. Bioinformatics companies are providing large scale text mining services to populate relevant information in these databases.
The IT angle
Growing volume of data obtained from wet lab and in-silico experiments has given rise to the challenge of storing and managing the biological data. Indian IT companies are addressing these challenges by adapting their existing know-how and developing wide array of new technologies and infrastructure for data storage and management. Cloud computing can be utilized here.