Amazon Sees Biology Trend in Cloud Computing
Amazon has made it a high priority over the past couple years to become the company that stores genomic data in a cheaper and more accessible way for researchers. According to this report on The Motley Fool, how important this is to Amazon, a company with $24.5 billion in revenue in 2009, is hard to say.
Biological researchers haven't embraced the cloud yet but Amazon says cloud computing is coming to life sciences.
"Biological researchers haven't embraced the new model as quickly as their tech brethren, but the cloud computing wave is coming to life sciences, says one of Amazon's biotech liaisons, Deepak Singh. The trend is coming out of necessity. Gene sequencing has been on a breakneck pace of innovation over the past few years, as instrument makers like San Diego-based Illumina (Nasdaq: ILMN) and Carlsbad, CA-based Life Technologies have lowered the cost of sequencing an entire human genome to as little as $10,000. Upstarts like Mountain View, CA-based Complete Genomics seek to sequence entire genomes for as little as $5,000, while a rival, Pacific Biosciences, is aiming to sequence genomes in 15 minutes. Since every human genome has 6 billion chemical units of DNA, this faster and cheaper form of sequencing is creating enormous datasets that somebody will need to store, analyze, compare, and visualize. Without that capability, it's just a vast pile of data that doesn't really lead to valuable new insights for medicine."