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MassTLC Releases New Reports: Big Data Can Transform City Services, Life Sciences, Healthcare in Massachusetts

MassTLC Leads Efforts
to Connect Promise of Big Data
with Key Community and Industry Leaders

BOSTON, MA, May 1, 2014 – Big data can transform the City of Boston’s services
and Massachusetts leadership role in life sciences and healthcare, according to
three forecasting reports released today by Mass Technology Leadership Council
(MassTLC). The report recommendations, announced today at MassTLC Big Data Summit,
are part of MassTLC’s ongoing effort to foster greater collaboration between
sectors in order to position our region at the forefront of the big data
revolution.

“Massachusetts is poised to lead as big data transforms every aspect of our
lives, from how we care for each other to the way we deliver public services,”
said Tom Hopcroft, President and CEO of MassTLC. “By bringing together public
sector officials, academics, tech innovators and business leaders in areas like
healthcare, life sciences, and urban infrastructure, we are creating a better
future while powering economic growth and opportunity in the region.”

The reports include Big Data & Connected Cities, Big Data & Life
Sciences, Big Data & Healthcare. They build upon MassTLC’s 2012 report, ‘Big
Data and Analytics: A Major Market Opportunity for Massachusetts’, which found
that Massachusetts had become a major hub for companies that create and use
“big data” and analytics technologies, a burgeoning technology sector
that is expected to continue its explosive growth over the rest of the decade.
Today’s reports connect the region’s big data thought leaders to those in other
key strength areas, including urban infrastructure, life sciences, and
healthcare.

Big Data & the Connected City

The Connected City concept involves harnessing a broad set of information flows
to improve the quality of existing city services, to enable new services, and
to create a substantial growth engine for the local economy. The report
recommends the ongoing engagement of Boston City officials, industry leaders,
and academics, in defining the Connected City vision for Boston, and to then
identify responsibilities for directing and managing the process of migrating
Boston towards becoming the leading Connected City.

The report finds that big data can:

  • dramatically
    improve the quality of existing city services;
  •  enable
    new and better services;
  • provide
    existing services at lower cost;
  • and
    provide greater transparency of government services, enabling a more informed
    citizenry and inclusive form of government.

 “Boston
is making great strides in using technology to improve how city services are
delivered but we can and will do more,” said Boston Mayor Marty Walsh.  “We are making vast amounts of the city’s big
data available online to the public to not only increase transparency but to
also spur innovation. Today’s report offers a roadmap for how we can expand
these efforts to make Boston the nation’s top connected city.”

Big Data & Life Sciences

The Big Data & Life Sciences report found that, despite success with big
data technologies in other industries, such as e-commerce and financial
services, the life sciences have been slower to adopt new technologies that
enable analysis of a richer mix of data sources. The goal of the report is to
help researchers cut through existing barriers by identifying target segments
that are more open to data sharing and to incentivize the development of new
data science technology that will lead to breakthroughs in life sciences research.

“The effective use of big data offers tremendous growth opportunities in
Massachusetts’ life sciences sectors,” said Massachusetts Life Sciences Center
President & CEO Susan Windham Banister. “Building upon our global
leadership in life sciences, we hope to utilize analytics technologies to
optimize drug discovery and development and to create the next biomedical
breakthroughs. This report lays out some fascinating recommendations to make
this vision a reality.”

The report recommends leveraging Massachusetts’ technology leadership position
to advance innovation in life sciences research and development. According to
the report, a first step could be identifying a cohort of patients to provide
portable consent of their data, which will be used to support better patient
stratification and identification of predictive biomarkers for biomedical
research, clinical trials, diagnostic test development, drug discovery, and
drug development.

Big Data & Healthcare

The Big Data & Healthcare report details how pervasive connectivity, data
analytics, and other information technologies will transform the way we conduct
research, deliver healthcare, form public opinion, and manage our wellbeing.

“Massachusetts has already set the standard when it comes to e-health but we
are just getting started,” said Massachusetts Technology Collaborative CEO
Pamela Goldberg. “Bringing together leaders in healthcare, life sciences, and
IT to build a framework to maximize our great strengths is the smart and right
thing to do.”

The report recommends convening public and private sector stakeholders to
create a plan, modeled in part upon Governor Patrick’s 2007 $1 billion Life
Sciences Initiative, to accelerate and expand the Massachusetts e-health
cluster’s global leadership. Examples include developing an e-health
accelerator program to build upon the Commonwealth’s qualities as a leader in
entrepreneurship in healthcare, life sciences, and information technology.

The full reports can beviewed here.

About Mass Technology Leadership Council

The Mass Technology Leadership Council (MassTLC) is the region’s leading
technology association and the premier network for tech executives,
entrepreneurs, investors and policy leaders. MassTLC’s purpose is to accelerate
innovation by connecting people from across the technology landscape, providing
access to industry-leading content and ideas and offering a platform for
visibility for member companies and their interests. For additional information
and the latest updates, please visit https://mtlc.co.

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