Artificial intelligence- a buzzword that was initially created and introduced as a concept to imitate human brain and its actions and operate in the real world with a comprehensive human approach. Since its inception, AI has widely been used in developing and deploying selective defense, space exploration, and lately, intelligent personal assistance. However, AI is slowly making its way into modern healthcare and changing the realm of healthcare as we know it.
Making healthcare efficient with AI
According to a report, the overall AI market is projected to grow from 2016 at a compounded annual growth rate of 62.9%, reaching $16.6 billion by 2022 and AI for healthcare is expected to be a major driving force. The potential power of artificial intelligence in healthcare is enormous, exploring ways make healthcare patient-centric:
Fortunately, healthcare CIOs have acknowledged the possibilities AI holds and reflecting this, the spending on AI and machine learning is expected to rise to $31.3 billion by 2019. The opportunities can mainly be categorized into three groups:
Peeking into the future possibilities
One of the major challenges healthcare industry faces is the fragmented nature of care delivery and communication across the network, resulting in rising costs and inefficiencies. Scalable big data platforms, interoperability frameworks, real-time analytics- all of these have been developed with the goal to deliver precise, patient-level care and drive better outcomes under value-based care. What’s coming is even more interesting:
Beyond these, AI can be put to use to better precision medicine, improving operational efficiency, automating workflows, and incorporating social determinants of health to design the best possible treatment plans.
The road ahead
Most of the possibilities listed above have already started to happen. However, the progress is far from seamless and uniform. If artificial intelligence is realized to its full potential, there can be huge medical discoveries and breakthroughs that will dominate how healthcare is delivered. Although there are challenges to overcome before AI gains full traction in healthcare, it’s no surprise that one day, AI through its undeniable power can transform healthcare as we know it.
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