Yes there's tons of low hanging fruit, you just have to get your foot in the door somewhere to get eyes on them. A lot of biology is fairly rudimentary processes. It's like baking a cake. Much of medicinal chemistry is just exploring a space of molecules and screening them to find one that does X. And of course software is very good at modeling simple processes.
As I mentioned in another comment, I actively decided to seek out a company in the space to join. I didn't know anyone really in bio before that. Another option is to get involved with an academic lab that is trying to bring software into their work (and there are many). Below are some interesting folks /projects merging bio and code (disclosure: I work for Transcriptic):
Using nothing but code to engineer proteins.
blog.booleanbiotech.com/genetic_engineering_pipeline_python.html
Autoprotocol -- JSON specification for defining biological protocols
autoprotocol.org
Using visual programming to describe bio protocols
http://biorxiv.org/content/early/2016/10/14/081075
Engineering bacteria with code and automation.
www.zymergen.com