Only commercially available software to calculate model quality based on statistical parameters and validation

 

 

Guildford UK - IDBS is proud to announce the latest version of its state-of-the art in silico modeling application, PredictionBase 6.1. Acknowledging the increasing need for standardization and validation regarding predictive modeling, PredictionBase is the first application of its kind to include a Model Quality Calculator (MQC). The MQC allows quality assurance of models developed both within the PredictionBase suite and from the user’s existing algorithms created outside PredictionBase. By linking model deployment with business rules, the MQC prevents inferior models from being distributed to bench scientists, giving an invaluable measure of predictive model quality and applicability not previously available. 

 

As part of IDBS’ commitment to the advancement of in silico predictive technology, the MQC is also available as a free downloadable module (www.idbs.com/decision/predictionbase), allowing all users of predictive technology to apply quality assurance to existing and new models.

 

Dr Kolossov, Product Manager for the PredictionBase suite, said: “In silico modeling continues to show great potential in reducing attrition rates within drug discovery, yet to date, this potential has not been realized. Quality assurance and validation of this powerful technology brings us one step closer to the effective application of predictive technology and ultimately reduces drug development times and cost.”

 

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About IDBS

IDBS is a leading provider of integrated software solutions to the life sciences industry. Maximizing the value of research data, IDBS enables organizations to capture, store, share and use data efficiently and effectively while protecting intellectual property across the spectrum of discovery activities. Over two hundred life science R&D organizations around the world use IDBS enterprise data management solutions to drive their research, including 18 of the top 20 pharmaceutical and biotechnology companies.

Headquartered in Guildford, UK, IDBS has U.S. offices in California, New Jersey and Massachusetts. IDBS partners with CTC Laboratory Systems in Japan and a network of distributors to market IDBS products and services in Asia. Founded in 1989, IDBS employs more than 150 people worldwide. For more information, visit: http://www.idbs.com.