CDTB Colloquium Held...LG's Extensive Innovation Using AI Technology

The CDTB Colloquium, hosted by Korea University Business School (Dean=Jae Wook Kim) and organized by the Center for Digital Transformation & Business (CDTB), was held on September 25 (Friday).

Lee Hwa-young, who is in charge of AI strategy for LG Science Park's AI (Artificial Intelligence) promotion team, was invited as a speaker and the lecture was held under the theme of "LG's Advanced AI Use Cases" through an online platform due to COVID-19. LG Science Park is a convergence research complex where R&D talents from various fields such as electronics, chemistry, bio, and software are gathered in one place, and investment and cooperation are conducted to find startups in key competencies needed for future preparation of LG Group and secure new technologies. 

Lee Hwa-young began the lecture by introducing specific improvements made by LG in two main fields of AI: "Fundamental" area that develops machine learning technology in the short term and improve the security and accuracy of AI technology in the long term, and "Applied AI" that applies the technology to various industrial sectors to bring out economic, social and cultural impact.

Lee explained in detail that LG has achieved 'halo effect' by applying deep learning and machine learning technologies in various fields such as new drug development, anti-cancer treatment, product defect check, and customer management, including saving a total of $39 million annually in battery field based on artificial intelligence technology.

Moreover, Lee emphasized LG has focused on the fact that Google, which has a leading position in Machine Reading Completion (technology for listening to human questions and finding answers in unstructured documents and answering them correctly), is vulnerable to the Korean language field, and introduced examples of LG beyond Google in the Korean language field by applying 400 million data sets of Korean sentences.

After the lecture, the Q&A session was held. One question was about the concern of job problems caused by AI. Lee replied, "If existing simple, repetitive, work-oriented jobs are replaced by AI, new types of jobs will be created, which will greatly offset the decline." He also mentioned that in the medical sector, AI technology can significantly improve productivity and improve work environment satisfaction as AI and automation technologies replace dangerous manual and emotional labor, by providing relative examples of LG's accomplishments.

At the end of the special lecture, Lee Hwa-young said, "If you think about how to effectively integrate AI into business administration, and study math and statistics at the same time, you can become a better business student," stressing the steady interest in related areas.

Meanwhile, Korea University Business School established CDTB in 2019 to serve as a platform for connecting industry-academic research and leading the era of digital transformation in education and research, and is planning and conducting special lectures.