This paper focuses on Bioinformatics and its diverse applications. Bioinformatics is an integration of mathematical, statistical and computer methods to analyze biological, biochemical and biophysical data. Bioinformatics is the science of developing computer databases and algorithms for the purpose of speeding up and enhancing biological research. Simply put it is the marriage between biology and IT. Paper describes meaning and definitions of Bioinformatics. Bioinformatics plays a central role in the development of bio-industries in general, including biotechnology, pharmaceutical and medical diagnostics. Bioinformatics is used in many areas of life sciences such as drug discovery, molecular medicine and microbial genome applications. This paper underlines role of Bioinformatics in drug discovery process. With the ever rising costs of discovering new drugs and taking them to the market, Bioinformatics has the potential to hugely decrease the risk, cost, and expertise required for the early stages of drug development, target selection and validation. Paper also highlights size and growth of Indian and global Bioinformatics market.
- Computational biology,
- Drug discovery