​State research institute to commercialize AI-based medical service

Park Sae-jin Reporter Posted : 2018-07-12 13:42 Updated : 2018-07-12 13:42
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SEOUL -- South Korean state research institute will launch a joint project with a local university to commercialize a big data-based medical artificial intelligence (AI) engine called "CyberDX" in three years.

The Electronics and Telecommunications Research Institute (ETRI) said in a statement on Thursday that the joint project will be carried out with Dankook University in Seoul to utilize its electronic medical record (EMR) as big data. CyberDX's AI will analyze and study medical records to predict the conditions of patients and control diseases.

The institute said its AI medical platform showed a great performance as an assistant tool for doctors in analyzing and treating patients who suffer from dementia. Medical AI platforms will change the paradigm of treating patients by moving from treatment to overall health management by preventing illnesses and providing tailored medical care.

AI is now used to diagnose and treat patients. Eight South Korean hospitals have adopted Watson, an AI software created by Intel, for medical services. The global AI healthcare market is relatively new with a huge growth potential and is expected to reach $22.7 billion by 2023, according to Allied Market Research, a U.S.-based market research firm.