How AI is revolutionizing healthcare

AI applications in healthcare can literally change patients' lives, improving diagnostics and treatment and helping patients and healthcare providers make informed decisions quickly. AI in the global healthcare market (the total value of products and services sold) was valued at $2.4 billion in 2019 and is projected to reach $31.02 billion in 2025. Now in the COVID-19 pandemic, AI is being leveraged to identify virus-related misinformation on social media and remove it. AI is also helping scientists expedite vaccine development, track the virus and understand individual and population risk, among other applications. Companies such as Microsoft, which recently stated it will dedicate $20 million to advance the use of artificial intelligence in COVID-19 research, recognize the need for and extraordinary potential of AI in healthcare.