Jungwoo Maru (CEO Choi Eui-soon), an AI synthetic data technology company based on structured data, and Ribbon Care (CEO Lee Seung-yeop), a silver care specialist company, announced on the 18th that they have signed a strategic business agreement (MOU) for the safe use of senior citizen lifelog data. The agreement signing ceremony was held on the 16th at the 2nd Fintech Lab Conference Hall in Seoul.
Through this agreement, the two companies agreed to cooperate on ▲development of healthcare-specific synthetic data technology based on senior citizen lifelogs, ▲advanced privacy-protecting AI learning data, ▲joint projects related to government R&D and smart care, and ▲development of joint solutions for entering overseas markets.
Jungwoomaru is an AI startup that possesses a privacy-preserving synthetic data generation technology specialized for structured data based on its own algorithm that combines differential privacy and contrastive learning techniques. The technology can reduce the risk of personal information leakage while preserving correlations between variables and domain characteristics, and can be applied to highly sensitive industries such as public, financial, and medical.
RibbonCare is developing and operating an AI early warning system (EWS) based on the activity level, sleep, vital signs, and environmental data of the elderly, and is currently collecting over 900 million lifelog data per month. Based on IoT operation technology accumulated over 24 years and nationwide infrastructure, it is pursuing expansion into various public and private services.
Through this agreement, the two companies have secured a foundation for external use of sensitive information by converting massive silver care data generated in real time into Jeongwoo Maru's synthetic data technology.
Jeong Woo-maru CEO Choi Ui-sun said, “By combining RibbonCare’s field data and our synthetic data technology, we have established a foundation for creating practical industrial use cases,” and “We will present a model that simultaneously satisfies the two tasks of data protection and utilization.”
RibbonCare CEO Seung-Yeop Lee said, “Through this collaboration, we have been able to convert the accumulated elderly data into highly secure synthetic data, thereby expanding the potential for expansion into various fields such as insurance and finance in the future.”
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