Biovalley Presentation Text Mining and Machine Learning
Biovalley Presentation Text Mining and Machine Learning

Concentrated life science competence from the border triangle

BIOVALLEY

On 17 February, our managing director Kornel Marko was a guest at Biovalley – the Life Science Network. As part of the lecture series “Better Medicine with Artificial Intelligence (AI)”, he gave the audience an insight into the use of text mining in the life science industry. The event was initiated by the Lörrach Economic Development Corporation. It operates the Innocel Innovations-Center Lörrach, which offers attractive office space for companies from the fields of digital innovations, life sciences and medical technology.

How can companies unearth the treasure of their unstructured data?

In addition to the four main components of effective text mining and machine learning, Dr Kornél Markó explained to the approximately 80 participants application examples from the daily implementation at Averbis.

Effective text mining and machine learning consist of four main components:

  • Multilingual Natural Language Processing (NLP)
  • Machine Learning
  • Terminology Management
  • Semantic search
The four pillars of Information Discovery

With these four pillars, it is possible, for example, to save 40% of the time in literature search and classification without missing a single document. The effort required to process adverse event reports can be reduced by 50%. A quick overview of the competition can be ensured without having to read hundreds of documents.

How artificial intelligence AI can capture complex data in the form of medical texts to obtain and process information in a medical context contributes to better medicine through AI. For example, AI can be used to assist in the diagnosis of rare diseases or to support the therapy of diseases with predictions
Helga Martin, Head of the Competence Field at WFL Wirtschaftsförderung Lörrach GmbH

With its solutions, Averbis responds to the practical circumstances of the customers on site. “Our customers don’t want concepts in the first place, but a professional solution for their individual problems on site. That’s why, in addition to technical expertise, our roots in the life sciences are so important,” adds Kornél Markó.

Our customers don’t want concepts in the first place, but a professional solution for their individual problems on site.
Dr. Kornél Markó

surprising application possibilities

The presentation stimulated lively questions from the approximately 80 participants. For Helga Martin, it was a successful lecture: “The speaker, Dr. K. Markó, not only presented theory and implementation, but also a multitude of sometimes surprising application possibilities where the technology can be used and makes the process much faster compared to manual data entry. It opens up the possibility for many companies to digitalise their processes in order to become faster, more effective and more competitive, for example, in research for patents, in literature research, in the classification of disease data or also in patient recruitment for clinical studies.

We would be happy to provide you with the slides of the presentation. Send an email to sales(Replace this parenthesis with the @ sign)averbis.com and we will send you the presentation.