What is AI?
Discovery of new and good medicines is necessary for curing human diseases but it takes a long time for discovering and identifying new medicine. AI that is artificial intelligence is a simulation of human intelligence in machines which are programmed and enable them to think and take decisions like humans and copy their brains.
AI in drug discovery:
Using artificial intelligence in drug discovery will help researchers to discover new and latest medicine for treating the person's diseases. Use of AI in drug discovery will reduce the time and effort of researchers and discover the medicine in a short period of time. AI and machine learning technology are used in drug discovery groups and present their digital transformations. All technology is used in every stage of the drug discovery process so analyzing complex and large data becomes easy for organizations and researchers.
Drug Discovery process:
The pre clinical phase
How drug discovery researchers and organizations are benefiting from AI?
Artificial Intelligent(AI) and Machine learning technology will track new medicines or drugs fastly and more effectively.
Analysing and developing large and complex information during chemical and biological processes will take a large amount of time and slow procedure. Using AI algorithms during this process allows researchers to make fast analysis.
Using AI in drug discovery will help for approving drug rates , reduce the development costs of medicines and help patients to follow with their treatments so it requires a short period of time for discovery of drugs in order to get medicine faster for curing different diseases.
AI technology has secured drug manufacturing procedures for cases which required specialized medicinal attention, which eventually decreases failure risks and the cost of research and development systems.
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AI in drug discovery: 42.2% CAGR
Projected Revenue: 346.16 billion from 2020 to 2027
Published Date : May-2021