Europe is closing out gap in artificial intelligence, the country has to double down their efforts to succeed in the era of digital transformation.
FREMONT, CA: The potential of AI is rumbling across all the sectors, including healthcare. From medication to appropriate treatment, AI-enabled tools can complete all the tasks. These tools promise easy access and affordability at a low cost. Most of the countries are implementing AI, but Europe lacks the ability to capture and implement the full potential of artificial technologies.
According to MGI’s 2016 research, European countries were utilizing only twelve percent of their full digital potential. It is only two-third part if compared to the United States and China.
McKinsey’s digital survey 2017 also concluded the same result about AI gap. The pace of AI diffusion and investment remains limited in Europe. Some of the companies are expanding the usage of new digital technology.
AI technologies and machine learning can reinvent the healthcare system in Europe. Hospital errors – one of the main causes of patient death, can be reduced by the help of AI. It will help the patients and the clinicians in different ways to make the treatment process more manageable.
AI has the potential to offer benefits to the healthcare sector in various ways:
1. Robotics and the internet of things (IoT): It integrates the devices to collect, combine, and share different types of information.
2. Machine learning: Machine learning can evaluate input data. In the future, it can repeatedly optimize their approaches based on generated outputs.
3. Natural language processing: This refined automatic speech recognition system focuses on the interpretation and manipulation of human-generated written or spoken data. It can interact with people through dialogues, not merely reactions to well-stylized user requests.
AI technologies can help the healthcare industry in several ways:
1. Early Detection: With the help of AI-enabled tools, it is easy for the clinicians to detect the disease early. Early detection will help the patients and the providers to prevent themselves from the non-curable illness. Some Healthcare institutions provide an interactive symptom checker for smartphones that allows private users to examine their condition by responding to a series of questions.
2. Treatment Management: Machine learning helps the providers to predict the best treatment for individual patients. The patients need not waste time and money on wrong and inappropriate treatments.
3. Full-time Monitoring and Support: AI-enabled tools help doctors to monitor their patients continuously without fail. It will also remind patients to take their medication correctly. Now patients will get 24x7 real-time support from clinicians through AI chat bots.
4. Proper Diagnosis: There are many devices to diagnose the disease more rapidly and accurately. Many diagnosis-focused applications are developed; with oncology, neurology, and cardiovascular being the most commonly targeted therapeutic areas.
Europe still suffers from a digital gap. Healthcare firms need to develop AI startups that will benefit them to grow and transform. AI and machine learning can accelerate the working process of the industry. If Europe fails to adopt AI, then it will result in minimal productivity growth gains. It will also fail to catch up with other more technologically developed countries like the United States and China.