The Advantages of Implementing Artificial Intelligence in the...

The Advantages of Implementing Artificial Intelligence in the Healthcare industry

Healthcare Tech Outlook | Tuesday, November 27, 2018

Artificial intelligence has established a strong foothold in the healthcare industry in recent years. According to an IDC prediction, the annual expenditure of the healthcare industry on the AI technologies will increase at a compound annual growth rate (CAGR) of almost 37 by the end of 2022.

Artificial intelligence is the technique of making smart machines and software. The software for artificial intelligence is developed using the reasoning, learning and problem-solving skills of a human brain. AI has enhanced the entire gamut of the healthcare industry by leaps and bounds. Artificial intelligence uses machine learning techniques to enhance a user’s overall experience. The healthcare companies have started investing in the AI and machine learning techniques to gain a foothold in this strong emergent market. Software segment has seen significant growth in the artificial intelligence market. Companies are showing interest in applications like chatbots, personal assistants, and many other machine learning techniques. AI-powered intelligence has helped in early detection of threats and the preventive measure to rectify a maintenance issue.

Many industries have already implemented AI in the major part of their operations. Sectors like banking, manufacturing, supply chain, retail, etc. have already leveraged AI in large part of their services. The machine learning techniques with artificial intelligence have really helped a company to build a better relationship with their customers. Healthcare industry is still mulling the idea of implementing AI into their day to day operations, although some gains have been made to inculcate AI and machine learning techniques. Artificial intelligence has many uses in the IT infrastructure of healthcare apps. Artificial intelligence can help an app to manage and analyze the data efficiently. AI can help to reduce the risk of data theft by implementing many preventive measures. AI can also analyze the healthcare data to detect any unusual pattern which can help to diagnose a disease early.

Traditionally healthcare industry has always been slower than many other industries to implement any new technology. Although AI has passed the adoption stage in the healthcare industry, it still has a long way to go.

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