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Predictive Analytics & Healthcare

February 12, 2010

As a follow up regarding my post yesterday on Predictive Analytics, I wanted to bring attention to an article that Wired Magazine had last November on a predictive concept for “Modeling Human Drug Trials – Without the Human.” Using similar concepts, as well as rules which were indeed put in place by PHD’s, these folks replicated human trials which had taken 7 years of study – in about an hour.  Yup, hit run on the computer, and an hour later the results popped up – which according to the article hit 2 of the 4 markers studied perfectly, the 3rd within an approved margin of error, and the 4th was just below the accepted margin of error.  Ok, the computer model took 2 months to setup, and 1 hour to run, but running this model in 2 months and 1 hour, compared with the actual trial which involved thousands of people, millions of dollars, and 7 years?  WOW, very very powerful, controverisal for sure, but very powerful.   Here’s the link for your reading pleasure. http://www.wired.com/magazine/2009/11/ff_archimedes/…

Written by JodyDetzel · Filed Under Business & Leadership, Business Intelligence, LUCRUM News 

Comments

3 Responses to “Predictive Analytics & Healthcare”

  1. LUCRUM Incorporated on February 12th, 2010 3:19 pm

    New blog post: Predictive Analytics & Healthcare http://thefuturevalueofbusiness.com/predictive-analytics-healthcare.htm

  2. Patrick Ryan on February 12th, 2010 6:09 pm

    Predictive Analytics & Healthcare http://bit.ly/cvuBaD

  3. Jodie Heflin on February 25th, 2010 4:25 pm

    Predictive analytics is the next hot thing in BI. It will be interesting to see how the DB and reporting vendors address this in thier next versions. Seems to me that Microsoft is ahead of the curve in this area.

    http://www.predictiveanalyticsworld.com/

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