Bioinformatics is an interdisciplinary field that develops methods and software tools for understanding biological data. As an interdisciplinary field of science, bioinformatics combines biology, computer science, mathematics and statistics to analyze and interpret biological data. (link)
The first draft of the human genome was published in 2001 in the journal Nature
We've come a long way since then!
I don't think anyone disputes the potential benefits, both currently and in the future, that are possible due to genome sequencing.