“a panel of experts on a new kind of outsourcing. Not software or call centers to India, but about American biotech to China.”
“Genomics pioneer Craig Venter takes a break from his epic round-the-world expedition to talk about the millions of genes his team has discovered so far, in their quest to map the ocean’s hidden biodiversity.”
“Steve Burrill, CEO of Burrill & Co., provides an overview of the life sciences industry, reflecting on insights he has gained throughout his career. Along the way, he shares his laws of survival and anecdotes regarding the keys to his success in the area
Kim Popovits, President and COO of Genomic Health, Inc., discusses the organizational and technological strategies that have contributed to her success in the biopharmaceutical industry.
RNA interference (also called “RNA-mediated interference”, abbreviated RNAi) is a mechanism for RNA-guided regulation of gene expression
Search for RNAi
Search for cGMP
GMP takes the holistic approach of regulating the manufacturing and laboratory testing environment itself. An extremely important part of GMP is documentation of every aspect of the process, activities, and operations involved with drug and medical device
C = the constant of proportionality of cost
B = the constant of proportionality of value
N = the number of devices in the network
If C goes down and B goes up, the number of devices in the network required to achieve critical mass gets smaller.
The equation is a simply brilliant observation and creates lots of interesting thoughts.
Dispensing with all commentary:
“A Budding Network” by Frederick W. Smith in Forbes 2007-05-07 (registration required)
- FedEx spends ~1.5 billion /year on IT
- Employs 7000 people in IT
- FedEx Handles 3000 transactions every second
- FedEx Receives 1000 package status inquiries every second
- Orders are distributed to 70,000 handheld devices
- FedEx handles 6 million shipments globally
- FedEx has 275,000 team members
- FedEx has 677 aircraft
- FedEx has more than 70,000 trucks
- The FedEx world hub in Memphis handles 400 flights / day
- The FedEx World Hub handles 1.5 million packages / day
- 15,000 FedEx employees can sort up to 500,000 packages / hour
- A package sent from Miami to Phoenix will be scanned up to
According to Fred Smith, in Forbes 2007-05-07 (registration required), in 1978 only 5 years after starting FedEx he said “Information about the package is as important as the package itself.” So here is an exercise fill in the blanks.
Information about ________ is as important as the __________ itself.
Information about the motor is as important as the motor itself.
Information about the customer is as important as the customer themselves.
This is a critical understanding, corporations need to consider deeply the value of their information assets. Listening to the master data discussions at Sapphire, many companies have a long way to go before they fully realize Fred Smith’s statement in 1978.
I thought I would share my del.icio.us tag that aggregates all the research that I am doing to get better educated about my new company’s line of business.