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The Truly Transformational Potential Of AI Relies On The Data

 
• By David Wild

Executives from several AI-focused biotechs emphasize that generating a truly innovative medicine, as opposed to a me-too drug, depends not just on the quantity, but on the quality of data used by the algorithm.    

Business development idea and developing industry success through creative invention as a light bulb evolving to a gear shape as a 3D illustration.

“The power of AI isn’t about making drugs faster,” said Abraham Heifets, CEO of Atomwise, Inc., an AI-enabled drug discovery company headquartered in San Francisco. “If you approach a big pharma and you are going to be fifth-in-class and undifferentiated, and through the power of AI, we can make you fourth-in-class and undifferentiated, that's a failure from a business point of view, it's a failure strategically and it's a failure for patients.”

However, the bar for AI seems to be low. Heifets said he has far more conversations around the ability of...

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