5 Ways Artificial Intelligence Is Impacting Healthcare
5 Ways Artificial Intelligence Is Impacting Healthcare
Jan 30, 2018
A few decades ago, a visit to the car workshop to fix a rattling suspension noise would mean hours of inspection and analysis. The mechanic would give you a list of possible reasons for the problem but only after a detailed inspection would you know the real cause.
Everything changed with the introduction of On Board Diagnostics (OBD). Your technician would now attach a scanner to your engine and diagnose the problem in a few minutes. Not only did this simplify the process, but also ensure higher efficiency, reduced costs, and improved customer service. Not to mention, your vehicle health was restored to the highest standards with minimal effort.
Artificial Intelligence is impacting healthcare in the same way that OBD impacted automobiles a few decades ago. With the combination of data and machine learning, AI is moving healthcare to a much more automated, efficient, interactive, and intelligent state.
Here are 5 ways Artificial Intelligence is making a big impact on healthcare.
Improved Medical Diagnostics
The most significant way Artificial Intelligence can transform healthcare is through data analysis and management. AI can store, connect, and skim through patient data to identify medical problems and diagnose them through highly accurate clinical decisions. With machine learning algorithms, you can recognize recurring patterns across heaps of data and warn patients of potential health complications based on reference groups. This is extremely helpful in preventive healthcare when it comes to diseases such as cancer, where early diagnosis can result in complete cure. On the other hand, a late or wrong diagnosis can have fatal results.
Virtual Health Assistants
Despite the massive advancements in healthcare over the years, there is still a significant gap between patients and doctors that can only be bridged through intelligent applications. Virtual Healthcare Assistants (VHA) are like your own personal doctors to help you monitor and maintain your health on an ongoing basis – anywhere, anytime. These AI-driven applications are programmed to not only check and diagnose health problems but also to remind you of prescribed medications and warn you about possible health problems. Virtual Assistants use a vast data network to identify symptoms and Natural Language Generation to provide a fluid engagement experience for the patients.
According to a report, Artificial Intelligence has the potential to reduce treatment cost by up to 50%. But here’s where it gets even more interesting – despite the significant cost reductions, AI would also improve outcomes by up to 40%. While AI can help doctors and healthcare institutions manage and optimize resources better, it can also deliver better quality healthcare services. It is no surprise that Artificial Intelligence is poised for a dramatic expansion in the healthcare sector.
Traditional pharmaceutical research is time consuming and expensive. Developing a single drug can take up to 15 years with an average price tag of 2.5 billion dollars (Source: IBM). Artificial Intelligence allows researchers to test millions of chemical compounds without even making them. This means not only can researchers save time and effort but also cut down the huge costs traditionally incurred in the tedious and time-consuming drug development and testing process.
Healthcare bots have evolved significantly over the last few years to mimic human conversations. Patients can type their queries in a chat window and expect bots to answer promptly with real-time solutions and lightning fast responses. With recent advancements, healthcare bots can interact with humans empathetically and with the introduction of image recognition, these applications can now recognize photos and hand written text. Healthcare bots can answer a wide range of health-related queries and even guide patients by providing assistance on medications and the recommended doses.
Doctors and physicians globally are burdened with high patient volumes and time-consuming administrative tasks. Artificial Intelligence will not only allow medical professionals to optimize their time and resources with better access to data, but also aid in providing personalized healthcare to every single patient.
Is your business ready for the Artificial Intelligence revolution?
Artificial Intelligence is touching and transforming a business across sectors. If you haven’t prepared your organization for the AI revolution, now is the time to act. To learn more about how Artificial Intelligence is transforming Marketing Automation, download our report.
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