There is a great value in Ebook readers. Yes, they are very convenient to have a lot of books available to read and reading them is much easier with a screen, instead of messing with paper and other tools. However, the big value of Ebook readers is to the seller of books. Typically, they did…
Facebook’s Jeff Hammerbacher is an interesting person. He literally coined the term – data scientist and has been one of the big proponents of data mining. He found that the big predictor whether people will take action is dependent on whether they had seen their friends do the same thing. This is true whether you…
The quantified self movement tries to quantify the self through measurement of every bodily function. This has lead to development of a lot of devices. The one device that is made by a company called Asthamapolis. This company has put a GPS on an inhaler to figure out where people have the most asthma. Quantified…
It is easy to get fooled by how the statistics interpret data. Sometimes, analysis of big data sets lead to conclusions that may not make sense. Also, the cause and effect do not work quite the same when the big data analysis shows a correlation. Just because there is a correlation does not mean that…
NY Times reported about Mike Flowers, who used quantitative measures to find apartments or buildings that were overcrowded. The typical method was to use random checks in areas or go to areas that had some complaints about overcrowding in the apartments. The hit rate was about 10%, which means less than random and pretty much…
Another look at the financial data of Pharmaceutical companies. Who has the big bucks to spend on research? A picture is worth a thousand words.
This question can be analyzed an-infinitum but the real answer is simple. Each of the Pharma companies here grows by their ability to research new drugs and chemical compounds. The more they spend on research, the better they will perform moving forward. The chart below is a percentage of what these companies spend on R&D…
It is surprising how few pharmaceutical companies are left that are big companies with large R&D Budgets, but the top 50 Pharma companies has very few surprises from the usual suspects. Take a look at the chart below that is derived from the Pharma Exec (link below) data. Interesting conclusions can be drawn from the…
When a company buys and uses software that is off the shelf software, like the Windows operating system there is still some responsibility to the developer to check that the software works as it is supposed to work. With other pieces of software, say the National Instruments – LabView that is incorporated into more medical…
Almost everything can be quantitated. It is interesting to see how devices are created to measure things accurately. Consider measuring tablet hardness. This is a quantifiable parameter. It is important from the dosage and breakage point of view but also important to measure how the tablet making machines and the various binders are working efficiently….
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