Aristotle Onassis once said that, "The secret of success is to know something that nobody else knows." Data-driven companies tend to outperform other companies by 65%. Data is a enterprise asset which means that if your medical laboratory has incorrect data then it is can easily become a liability. By definition, data science is the use of algorithms and systems to extract knowledge from data. Laboratory information systems are used by Medical Laboratories to control, manage and govern data. The difference between data, information and knowledge is that data are facts, information is facts that has meaning while knowledge is when experience and insight is combined with the information that you have. Medical Laboratory analytics of patient data is done for competitive advantage as well as personalization and customer relationship management. Personalize your Medical Laboratory is a book which could be renamed as Data Science for Medical Laboratory. This book is all about marketing and sales and how data can provide a competitive advantage to increase revenue and reduce costs.
