Transforming Healthcare: Artificial Intelligence (AI) and Blockchain - Herbert R. Sim

Blockchain and Artificial Intelligence (AI) are forging ahead as disruptors and innovators in various industries. The vital healthcare industry is no exception, as new technologies and possibilities are unearthed that can benefit healthcare institutions, professionals and most importantly, the patient at the centre of it all. AI in healthcare comprises a collection of multiple technologies enabling machines to sense, understand, learn and act so they can perform clinical and administrative functions. Unlike older technologies such as algorithms and tools that only complement a human, healthcare AI today can truly augment human activities. With the huge potential to unleash improvements in cost, quality and access, AI's popularity in healthcare is soaring. According to Accenture, growth in the AI health market is expected to reach US$6.6 billion by 2021 – a compound annual growth rate of 40%.