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How AI is revolutionizing healthcare

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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.


Artificial Intelligence in Healthcare - A Comprehensive Account - Maruti Techlabs

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To say that the role of Artificial Intelligence in Healthcare is intriguing, would be an understatement. AI and Machine Learning can bring about changes that have a substantial impact on healthcare processes and administration & while there is a lot we have to overcome to reach the stage of AI-dependent healthcare, there is sufficient potential in the technology today to drive governments, healthcare institutions, and providers to invest in AI-powered solutions. A study by Accenture has predicted that growth in the AI healthcare space is expected to touch $6.6 billion by 2021 with a CAGR of 40%. As on today, Artificial Intelligence and Machine Learning are well and truly poised to make the work of healthcare providers more logical & streamlined than repetitive. The technology is helping shape personalized healthcare services while significantly reducing the time to look for information that is critical to decision making and facilitating better care for patients.


A Healthy Future for Artificial Intelligence in Healthcare

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One of the hottest tech trends these days is artificial intelligence (AI), with researchers looking into the use of AI for applications ranging from autonomous vehicles to financial management, to healthcare. The healthcare industry is often at the forefront of innovation and technological advances due to the wealth of medical devices, equipment and processes that permeate the industry. But AI in particular seems poised to transform the way we collect, understand and use data on patient health, healthcare services and historical health data to revolutionize medical diagnostics, treatment and research. What makes AI so suitable for use in medical research and the healthcare industry? Largely, the appeal of AI is its ability to collect, analyze and make sense of vast amounts of unstructured and variable data--especially text, statistical numbers, and visual images--quickly and often more accurately than a human being.


AI in Healthcare: Everything You Need to Know TechNative

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As on today, Artificial Intelligence and Machine Learning are well and truly poised to make the work of healthcare providers more logical & streamlined than repetitive. The technology is helping shape personalized healthcare services while significantly reducing the time to look for information that is critical to decision making and facilitating better care for patients. Artificial Intelligence in Healthcare has immense potential to improve costs, the quality of services, and access to them. According to CIO, AI-powered healthcare are driving meaningful changes across the entire patient journey. But, clinical applications of Artificial Intelligence in Healthcare are rare – a trend we expect to change soon.


Everything You Need To Know About AI In Healthcare

#artificialintelligence

A study by Accenture has predicted that growth in the AI healthcare space is expected to touch $6.6 Bn by 2021 with a CAGR of 40%. As on today, Artificial Intelligence and Machine Learning are well and truly poised to make the work of healthcare providers more logical & streamlined than repetitive. The technology is helping shape personalized healthcare services while significantly reducing the time to look for information that is critical to decision making and facilitating better care for patients. Artificial Intelligence in Healthcare has immense potential to improve costs, the quality of services, and access to them. According to CIO, AI-powered healthcare are driving meaningful changes across the entire patient journey.