Tempus is a data analytics company that was founded by Eric Lefkofsky. The company has software and computers that can store, process and sift through large amounts of data to find patterns. Recently, Tempus has begun a partnership with the University of Chicago to help better treat cases of breast cancer.
Tempus’ capabilities include being able to do genomic sequencing for patients who are receiving treatment at the University of Chicago for breast cancer. In addition the company utilizes machine learning technology to build upon previous data from both past and existing patients. Genomic sequencing when combined with machine learning give cancer researchers and physicians a vast swathe of data that can better predict how a person will respond to a certain treatment option for cancer and how likely that treatment will be successful.
Doctors at the University of Chicago say that there is a large amount of information out there on cancer patients. They also say that there is lack of storage, analysis and sharing of data when it comes to past cancer patients. Tempus is changing this by storing data and allowing it to be shared and analyzed. The hope is that Tempus can help customize medicine and create an effective individually customized cancer solution for every patient that will be most effective for them.
Eric Lefkofsky is also the founder of Groupon. This is a popular online marketing company. Its business model involves working with businesses to offer customers large discounts or sales on products and services. In exchange for offering these large discounts or sales, the business or corporation is given access to a large customer base that is willing to try out the new product or service at the discounted value. Businesses get access to a large customer base, while customers get discounts and special offers through Groupon.
Mr. Lefkofsky also has an investment venture that is called Lightbank. This venture invests money in startups that have the potential to impact society or develop into big companies. Both Lightbank, Tempus and Groupon are based in the windy city of Chicago at 600 West Chicago Avenue along the banks of the Chicago River.