Key Highlights
- Artificial intelligence is used by 86 percent of life science companies, healthcare providers, and technology suppliers, according to a CB Insights survey.
- Google has unveiled a platform that employs artificial intelligence to detect skin, hair, and nail problems.
- Roam Analytics created Natural Language Processing to build an artificial intelligence framework for the healthcare industry.
AI steps in the healthcare industry
In this information and technology-driven period, there is a wide range of Artificial Intelligence that have managed to infiltrate various industries. The healthcare industry is no exception. Over the last few years, it has witnessed the rapid integration of AI. According to a CB Insights study, Artificial Intelligence is used by 86 percent of life science firms, healthcare providers, and technology vendors. Patients, physicians, and hospital administrators’ lives are made easier by artificial intelligence. They perform tasks normally performed by humans in a fraction of the time and at a fraction of the cost. The AI market, which was estimated at around $600 million in 2014. It is expected to hit $150 billion by 2026, is one of the world’s fastest-growing industries.
Google: AI Tool Identifying the Skin Problem
Based on photographs submitted by patients, Google has introduced a platform that uses artificial intelligence to help spot skin, hair, and nail conditions. The AI can recognize 288 skin disorders. It is not intended to replace medical diagnosis and treatment, according to the company.
Growing Start-Ups in The Health Care Industry
- Roam Analytics – It is a company headquartered in the United States. The company created an artificial intelligence platform for the healthcare industry that uses Natural Language Processing (NLP). To improve the structure and content of patients’ electronic medical records, as well as AI applications for data analysis and storage.
- App to Health – AI platform help clinics and healthcare providers with front-office automation. They help by automating patient scheduling, collecting patient input, and answering organizational questions, among other things, through their AI-powered phone and messaging bots.
How Invention of AI Is Helping the Doctors?
- Analyzing the diagnosed images- The complexities of deciphering images and performing analysis have resulted in the development of AI-based applications that are both efficient and effective. AI-based imaging systems are fitted with algorithms that can read images quickly thanks to deep learning programs and technology categorization.
- Guiding the patient virtually- Digital health assistants based on augmented reality, cognitive computing, voice, and body movements have been developed by AI companies. The app will provide a personalized experience for patients, allowing them to ask questions and learn how to manage wellbeing.
Also Read:- The 10 Best Healthcare Management Institutes
