Why FAIR Data Matters to Life Science Industry

Life Science industry is becoming increasingly data-driven and can significantly improve its’ efficiency and effectiveness by implementing the FAIR guiding principles for scientific data management and stewardship. By so doing, the plethora of new and powerful analytical tools such as artificial intelligence and machine learning will be able, automatically and at scale, to access the data from which they learn, and on which they thrive. FAIR is a fundamental enabler for digital transformation.

The FAIR implementation process, often starts with understanding the value of FAIR data management through appropriate education and training, combined with management of the necessary cultural change. It also important for an enterprise to invest in the technology infrastructure that is necessary for improving the FAIRness of data life cycle management. This should be reflected in the definition of the FAIR objectives that are aligned to the business needs of an enterprise to achieve tangible returns on the investment [1,2,3]. The interactive actions of making data FAIR (“FAIRification”) should always be compared to these FAIR objectives to determine how well they have been met. In other words, is the data FAIR enough, rather than perfectly FAIR?

References

  1. Wise J et al 2019 Implementation and relevance of FAIR data principles in biopharmaceutical R&D. Drug Discovery Today 24, 933-938. doi.org/10.1016/j.drudis.2019.01.008
  2. Van Vlijmen H et al 2020 The Need of Industry to Go FAIR. Data Intelligence 2, 276-284. doi.org/10.1162/dint_a_00050
  3. Bridgwater Adrian 2020 Health-Tech’s Tough Pill To Swallow Is ‘Data Ingestion’ Forbes Technology May 21. https://www.forbes.com/sites/adrianbridgwater/2020/05/21/health-techs-tough-pill-to-swallow-is-data-ingestion