AccuraScience Readies Itself for Outsourcing Into Research Labs

Johnston, IA, April 12, 2017 (Newswire.com) - AccuraScience is one of the leading companies in the field of bioinformatics. This is a relatively new field of work that essentially combines biology with computer science, something for which there is an increased requirement with new developments in genomics and other forms of biomedical research. Essentially, the work that the company does, with clients on five different continents, is to help with data analysis and interpretation. Their main clients are academia, performing biological and biomedical research involving genome sequencing and other high-throughput technologies, although they also work with pharmaceutical industries and the biotech industry in particular.

Huge Opportunity for AccuraScience

What interests AccuraScience in particular is the fact that new laws and rules have been put in place in terms of employing graduate and post-doctoral students for research projects. Because of this, some opportunities are likely to cease to exist, whereas new ones are likely to appear. What matters in this for the company is that there is a huge opportunity for them to become involved with more clients, as research labs are increasingly looking at outsourcing their data analysis work.

It has been common practice for research to be performed by post doctoral and graduate students, effectively forming a very cheap workforce by offering extensive training instead of impressive salaries. However, the new overtime rule announced by the U.S. Department of Labor means that this is no longer possible. The National Institutes of Health (NIH), which is a client of AccuraScience, has announced that they have raised their stipend levels so that they reach just above the cutoff imposed by the federal government (it stands at $47,476 and the NIH threshold is now $47,484).

Because most researchers work in excess of 40 hours per week, and because research grants have not increased, there will be a significant problem within the field of biotechnology and bioinformatics. Mainly, the problem is that fewer researchers will be attracted, leading to less research being completed, and so on. Added to that is the fact that the National Labor Relations Board has now granted research and teaching assistants to become unionized, and it is likely that they will soon start to demand higher salaries.

The solution is found in companies like AccuraScience, who give research labs the opportunity to outsource their bioinformatics and data analysis in a cost-effective manner. In fact, cost-effectiveness is one of the top 10 reasons why the company is so popular all over the world.

What Makes AccuraScience Special

AccuraScience is still a relative small company, but this is because the industry of bioinformatics is quite new. Numerous startup companies have recently come to the foreground, which are even smaller than AccuraScience, but that don't yet have the foot in the door in the same way. AccuraScience has already built important professional relationships and particularly within the education sector, with 85% to 90% of their clients being universities. Additionally, they are working very hard at building more such relationships and are also hoping at expanding into the clinical world.

What makes the company so special and attractive, is the fact that they are so cost effective, and offers services that are of very high quality. In fact, they promise to help reduce costs by as much as 82% and time by as much as 64%, when compared to other efforts to complete the same work. They cite client poll results and historical project statistics to prove this. Furthermore, their clientele speak for the quality of the company’s services, with each of them having nothing but good things to say about the company.

The Value of Outsourcing ​

Outsourcing seems to be becoming the way of the future. In fact, the NIH recommends it to a variety of different industries. There is even some suggestion that scientists are looking at creating a company to which a full research project can be outsourced. Interestingly, despite it being such a clear solution, few others seem to have thought about it. Again, AccuraScience has set itself apart by starting with an option of outsourcing bioinformatics for a good number of years now, rather than only just starting.

Bioinformatics is a field that has developed as genome studies and sequencing has developed. This has given rise to a wealth of new forms of data, often too much for an individual to manage. Through bioinformatics, biology and informatics (computer sciences) are combined, enabling the results of various research projects to be put together and understood in an analytical way. This is what AccuraScience specializes in, and their team currently has over 150 years of combined experience in doing exactly that. Plus, they are focusing on expanding their own team.

Source: AccuraScience