Exciting Updates on Open Data: Medicine Safety, AI Governance, and More
Published: 2023-06-30In today’s news, we have some exciting updates on the world of open data. Open data refers to the idea that information should be freely available to the public, allowing for transparency and accessibility. It is a concept that has gained traction in recent years, as more and more organizations recognize the value of sharing data with the public.
First up, we have the eTRANSAFE project, a European initiative that aims to share data on the safety of medicines. This project has successfully integrated data from over 10,000 pharmacological studies into a single platform. Not only that, but they have also developed an open-source machine learning application called “Flame” that can predict the adverse effects of future drugs. This is a significant development in the field of medicine, as it allows researchers and healthcare professionals to access valuable information on drug safety.
Moving on, we have news from Hong Kong, where IT experts are concerned about the upcoming SMS sender registration scheme. While the scheme aims to block messages from unregistered senders, experts believe that it may not effectively target individual message senders. They also note that the scheme may not address phishing messages sent through platforms like WhatsApp and Instagram. To address these concerns, experts suggest that the government should educate citizens on how to identify suspicious messages and be cautious when sharing personal information.
In the world of artificial intelligence, the explosive growth of generative AI has led to the belief that it will bring customization to the enterprise. However, Matei Zaharia, co-founder and chief technologist of Databricks, believes that enterprises require a higher level of precision and reliability. Databricks is specializing in building governance tools for AI to meet the specific needs of businesses. They have been fine-tuning their portfolio to enable better data discovery, query, and governance. This is an important development, as it allows businesses to harness the power of AI while ensuring that it is used responsibly and effectively.
In the finance sector, Sherlok, an Australian fintech company, has raised funds to develop a platform that allows brokers to refinance their clients through a single-click tool. This platform uses AI technology to assess a consumer’s financial data and identify opportunities for better rates. This is great news for brokers and consumers alike, as it streamlines the refinancing process and makes it more accessible.
Switching gears, we have an update from CMS, which has updated its Open Payments data. This data reveals the amount of money paid by orthopedic and spine device companies to physicians and healthcare organizations. This information is crucial for transparency in the healthcare industry, as it allows patients and healthcare professionals to access information on financial relationships between companies and healthcare providers.
Finally, we have news from the world of food delivery. Zomato, an online food delivery company, has launched an open data analysis platform called Zomato Food Trends. This platform provides insights into food trends by analyzing data from millions of transactions across hundreds of cities in India. Restaurant partners can use these insights to customize their strategies and make data-driven decisions. This is a great example of how open data can be used to support businesses and drive innovation.
That’s all for today’s news digest on open data. We hope you found these updates informative and thought-provoking. Remember, open data is all about transparency and accessibility, and it has the power to drive positive change in various industries. Stay tuned for more updates on this exciting topic.
https://medicalxpress.com/news/2023-06-culmination-safety-medicines.htmlRelated news on 2023-06-30
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- medicalxpress.com: Culmination of project to share data on the safety of medicines
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- siliconangle.com: Pioneering the future of generative AI : A deep dive with Databricks co - founder Matei Zaharia
- theadviser.com.au: Sherlok raises $3 . 4m to launch single - click refinancing
- ibcworldnews.com: Zomato Introduces Open Food Trends Data Analysis Platform To Aid Restaurant Partners
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