Bioinformatics involves integrating computers, software, and databases to address biological questions. It aids in comparing genetic and genomic data to further understand molecular biology, including simulating and modeling DNA, RNA, proteins, and biomolecular interactions. The field has grown with major milestones like the sequencing of insulin in 1955, the discovery of the DNA double helix in 1953, and the completion of the Human Genome Project in 2003. Bioinformatics has applications in understanding normal and abnormal biological processes, predicting gene expression, drug discovery, agriculture, and more.