Artificial Intelligence: Paving New Roads to the Healthcare Industry

Artificial Intelligence: Paving New Roads to the Healthcare Industry

Healthcare Tech Outlook | Friday, March 22, 2019

Artificial Intelligence (AI) is growing exponentially, advancements are being made, robotics surgery is improving, and the generic workload on healthcare personnel has reduced due to the vast abilities of AI to collect, analyze, and provide reports and solutions quickly.

On 27 November, Terveystalo signed a contract to acquire a 20 percent share in Etsimo Healthcare Oy. Established in 2016, Etsimo Healthcare is developing a platform specifically designed for healthcare that combines artificial intelligence, machine learning, and data on health. In addition to Etsimo’s platform, the company’s clients are able to quickly implement digital solutions that fit into their existing service design, enabling them to provide consumers with AI-based services easily.

Check out: Healthcare Artificial Intelligence Companies 

There are several ways AI influences today’s healthcare technologies, like managing medical records and relevant information of patients stockpiled as big data. Artificial Intelligence (AI) provides treatment plans according to an individual’s needs after a thorough analysis of the patients past medical history and records. Artificial Intelligence (AI) can detect cancer and vascular diseases earlier on and predict health concerns people might face due to genetics. Developing new drugs that could take years and millions of dollars is now made cheaper and faster with the help of machine learning. Virtual nurse, a machine learning program that helps to monitor an individual's condition between hospital appointments.

Before deploying AI systems in healthcare technologies, they need to be calibrated through data acquired from clinical activities like diagnosis, screening and so on, so that they can learn similar subjects and outcomes of interests. The targeted aim for healthcare related AI applications are to analyze and establish a relationship between prevention and treatment. Furthermore, the hospitals are expecting AI solutions to support surgical initiative for cost-cutting, improving the patients well being, and satisfy the staffing and workforce requirements. Artificial Intelligence (AI) solutions were minimally used in invasive surgery.

From a report submitted by CB Insights in 2016, there is about 86 percent of healthcare providers, life science companies, and technology vendors that are using AI technologies, and toward the end of 2020, they would have spent an average of $54 million on AI projects alone. AI has hit almost every aspect of an individual’s life, and it is being introduced to the healthcare industry as well, making abrupt changes for the betterment and better survival of humanity.

Healthcare AI Companies - CAIDE SystemsFoundationDxHealth Navigator,...

Weekly Brief