How to Give Modern Medicine an Injection of the Entrepreneurial Spirit

The entrepreneurial spirit that brought us personal computing, mobile technology and social networks has fundamentally changed the ways in which we shop, do business, communicate with others and generally connect with our world. Yet it has left medicine largely untouched. Electronic medical records are in their infancy, mobile applications for health are disconnected, and we’re just beginning to scratch the surface when it comes to applying the power of Big Data to medicine.

At our SINAInnovations Conference held November 12-14, Jeffrey Hammerbacher, who led the original data team at Facebook, and is currently Assistant Professor at the Icahn School of Medicine at Mount Sinai and Founder and Chief Scientist of Cloudera, was asked why health care and biomedicine are so far behind when it comes to entrepreneurship and the data revolution. His answer: “Failure hurts a lot more here.”

He could not be more right. Hammerbacher’s experience in data science comes from a place where new applications are built to be broken so that better solutions can emerge. Success is measured in clicks. Failure is a pit stop on the way to the next breakthrough. In health care and medicine, lives hang in the balance of all we do. Success is measured in lives saved. It is our moral obligation to proceed with caution when introducing new surgical techniques, therapies or different ways of doing business.

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