AI in Healthcare - Separating the Hype from Reality

Artificial Intelligence or AI has emerged as the one technology that has the potential to completely change the world as we know it. This technology has already made its presence felt in other industries such as manufacturing, logistics, retail, etc. Now AI is trying to enter the healthcare segment to give it a complete overhaul and make it more efficient. We have already witnessed the rise of robotic-assisted surgeries. AI also has the potential to improve doctor-patient interactions and enhance hospital efficiencies with the use of self-learning algorithms that have the capability to perform clinical and administrative healthcare functions. AI is clearly emerging as a self-running engine for healthcare with the potential to create annual savings amounting to USD$150 billion by 2026 in the US healthcare ecosystem.