Listen to this.

 

If you want precious metals, you have two options.

You can be an alchemist.

Or you can be a miner.

I know the idea of alchemy is more attractive, convenient and cleaner.

Where there is no data, you create it.

The problem is that you know where alchemy as a discipline ended up.

On the other hand, being a miner is lazy.

There’s a lot of cleaning and sifting to do. You know, “big data is clean data”.

And you have to get into the mines of hospital IT systems.

Whew.

But one thing happens.

That what you find is real. Not alchemy.

That’s why we call it Real World Data.

If you use what you find well, it is not only useful for making predictive models of the natural history of disease.

There are people also using it to get prevalences and to see comparative effectiveness.

 

It is not the future, no. Whoever is not at the party is already late o it.

Not too late, though. Just a little bit.

Because it’s been a year since the FDA and the EMA took the plunge.

They said how the Real World Data had to be cleaned to be considered quality data.


They are formulas that have to be followed. Things like:

– What to do with missing data
– What to do when the patient changes healthcare providers and the data is lost.
– How to account for mortality
– How to harmonize variables

You don’t have to invent anything. It’s all there.

But you have to follow it well. And for that you have to know.

I have a mining company.

Actually, there are two companies.

One partners with hospitals and gives them technology.

The other does AI research sponsored by pharma.

But up front and unabashedly for both sides.

I would tell you it’s the best company of this that I know of.

But since I’m the founder, you’re not going to believe it.

So maybe you want to check it out for yourself.

Or maybe you don’t. That’s fine too.

Have a great day.