It's All About The Data

Today, we learn Google is launching a healthcare company.

... Larry Page, chief executive, unveiled the venture, called Calico, with a characteristically ambitious and vague claim that “with some longer term, moonshot thinking around healthcare and biotechnology, I believe we can improve millions of lives”.

While outlining a highly ambitious overall goal for the new company, however, Google did not disclose any information about how much it would invest in the venture, which areas of healthcare science the spin-off company would specialise in, or what the initiative was likely to lead to in terms of new products.

Big Data is the big mantra. But we need to ask the critical question before things get out of hand: Who Owns The Data?

Stay tuned.