How Predictive Analytics Can Improve Supply Chain Operations In The Indian Healthcare Sector

In the last decade, Machine Learning has come roaring out of the textbook to become an integral part of the healthcare industry. In addition to contributing to the increased efficiency of routine administrative procedures and reducing operational costs, it is also beneficial for managing the supply chain and logistics. The Indian healthcare sector is expected to reach ₹19,56,920 crore ($280 billion) by 2020. Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance are set to be the key contributors to its growth. The report also states that spending on AI in healthcare is projected to grow at an annualised 48% between the year 2017 and 2023.