IBM Watson is cutting off its AI drug discovery tool after reporting lagging sales:
over an average of seven years, in part due to difficulties recruiting patients for clinical trials. If IBM hones its AI tools to better identify patients who are a good match for clinical trials, it could generate a ton of revenue from healthcare.
And IBM still has a vast network of healthcare customers it can use to bolster sales. IBM's existing ties to pharma giants Pfizer and Novartis, for example, could help Watson drive sales to a revamped clinical development product. IBM's already had some success marketing its clinical development tools: It
with New York- and Connecticut-based health system Health Quest to leverage Watson's AI tools to boost participation in clinical trials in March 2019, for example.1. Sign up for the Digital Health Briefing to get it delivered to your inbox 6x a week. >>pass to Business Insider Intelligence and gain immediate access to the Digital Health Briefing, plus more than 250 other expertly researched reports.
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