According to Korean media etnews, the South Korean government is planning to use "artificial intelligence" to develop the country's materials, parts and equipment industries.
It is reported that the South Korean government will seek the standardization of industry-related data and establish a "virtual engineering platform" based on artificial intelligence. In addition, it plans to apply "artificial intelligence workflows" from material selection to process development to significantly reduce the time and cost required for commercialization.
It is expected that since the Japanese government imposed export restrictions on South Korea last year, the efforts of industries, universities, governments, and research institutions on various materials, parts and equipment will produce synergistic effects through artificial intelligence.
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has recently begun to carry out data standardization work with major organizations related to the materials, parts and equipment industries. Its main goal is to unify various forms of data scattered everywhere in accordance with specific standards. Apply these data to artificial intelligence solutions.
A spokesperson for the industry said: “Artificial intelligence will be used to build a management system with relevant industry data. Considering that we are dealing with a large amount of data, this process will take some time.”
The report stated that the artificial intelligence-based platform construction of the three major industries will be part of MOTIE's "Virtual Engineering Platform Construction Project". MOTIE uses simulation software to carry out product development phases for companies in the industry, and is committed to formulating the best production process.
In addition, it has expanded the scope of the project to the field of "material innovation data". Artificial intelligence will be used to analyze the database stored in the virtual engineering platform and prepare a system that recommends the best process based on personal conditions. The software-based virtual engineering platform has supported 191 companies through 53 simulation software. As a result, product development costs have been reduced by US$3.66 million, and the average development cycle has been shortened by approximately 35.2%.
It is expected that artificial intelligence-based platforms will be able to provide more accurate simulations than software-based platforms, and help companies more effectively reduce product development costs and development cycles. This is because artificial intelligence can be used for various purposes, such as material design, performance prediction, process design, interpretation of parts and finished products, and reliability evaluation related to performance and life.
It is reported that MOTIE has ensured to invest tens of millions of dollars by the end of next year. The Ministry is expected to work hard to accelerate the standardization and security of materials and component data in order to implement artificial intelligence learning in major industries such as chemistry, metals, ceramics, and fibers.
AI-based platforms are expected to play a key role in the "Materials, Parts and Equipment 2.0" strategy being implemented by the entire government, because the recent spread of the epidemic has made digital transformation and contactless methods the key to the entire industry.