Asan Medical Center said it would collaborate with Kakao Investment and Hyundai Heavy Industries (HHI) Holdings to develop artificial intelligence (AI)-based medical big data platform.
The hospital signed a deal with Kakao Investment, a subsidiary of the nation’s top mobile messenger firm Kakao, and HHI Holdings at the hospital’s conference room in Seoul, Wednesday.
HHI Holdings Senior Vice President Chung Ki-sun, Kakao Chairman Kim Beom-su, and Asan Medical Center President Lee Sang-do attended the signing ceremony.
HHI Holdings and Kakao Investment will invest 10 billion won ($9 million) in the company, tentatively named “Asan Kakao Medical Data.” The company will be the nation’s first medical big data platform.
The medical big data firm will take advantage of Asan’s vast clinical experiences with 2,704 sickbeds and 11,862 outpatients visiting the hospital per day. The hospital performs 63,791 highly skilled surgeries a year. The medical data platform will also use the hospital’s internationally competitive research outcomes, know-how in hospital operation and best consultations from top medical professionals.
Kakao Investment will build the platform by using Kakao’s AI technologies and expertise in platform development and operation. HHI Holdings will diversify business models and design strategies.
Asan Kakao Medical Data plans to structure domestic medical data and develop an integrated platform to lead the industry, shaping a “medical information ecosystem” with medical startups, the company said.
Besides, the company will provide information customized to hospitals that want to improve the quality of services through medical environment analysis and use its medical data to develop new drugs to treat rare diseases.
Asan Medical Center’s Health Innovation Big Data Center was established in 2017 to provide patient-oriented healthcare services by effectively utilizing medical data.
The data center has built a platform for open innovation to support companies and institutions that need big data. It is working as a bridge between hospitals and companies for the advancement of the local healthcare industry.
Asan’s data center was the first medical institution in Korea to be designated as “Big Data Specializing Center” by the Ministry of Science and ICT and the National Information Society Agency (NIA).