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Artificial intelligence: Can it revolutionise the drug industry?

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Presentation
  • Duration: 1 min
  • Publication date: 21 Jul 2021
  • Part of series EngShorts

Abstract

In this #EngShort we look at #ArtificialIntelligence for #DrugDiscovery. The global #healthcare burden is growing, due to new infectious diseases and #AgeingPopulations but research and development into new drugs continues to be a long and costly process. On average it takes 10 to 15 years and just 1 in 10 drugs gain approval. To meet demands and prepare for the future, urgent action is needed to reconfigure the #ClinicalDevelopment business model. Do you think artificial intelligence can help address these challenges? AI is playing a transformative role in #medicine and drug discovery and the advantages on offer are reduced cost and development time. Can we revolutionise the industry by harnessing the power of AI for drug discovery? Comment below to let us know your thoughts.

You can also find out more in our new report: www.theiet.org/ai-for-drug-discovery

Keywords:
  • Artificial intelligence
  • ageing population
  • ai
  • ai development
  • ai for drug discovery
  • ai market
  • ai powered drug discovery
  • ai systems
  • business model
  • clinical trials
  • customer friendly
  • data processing systems
  • healthcare
  • healthcare research
  • research and development
  • therapeutics

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