Neil Jacobstien, chairman of AI (Artificial Intelligence) and Robotics Track at Singularity University , says artificial intelligence makes things humans couldn’t do before possible. He adds that AI has the ability to deliver billions of dollars worth of value and real help to clinicians in the healthcare industry.
The impact of artificial intelligence on healthcare
AI has already entered the medical industry; it is being deployed in predictive analytics in patient monitoring devices, drug discovery, oncology, imaging, etc.
With increasing computing power and advances in machine learning and analytical algorithms, AI systems will become more powerful and effective in performance, revolutionizing medical diagnostics, treatment and research.
There are many ways AI will help the healthcare industry. Here are some of the most significant ways artificial intelligence is shaping the future of health care:
Enhanced diagnostic procedures
There are many diagnostic procedures in the medical industry that still depend on the collection of tissue samples. These existing procedures present the risks inherent to all invasive procedures. According to medical experts, AI technology may soon replace the requirement of biological tissue samples for diagnoses. It may give technicians the ability to identify and characterize tumours through image-based diagnostics.
Ideally, AI technology in the future, may enable specialists to collect the same detailed information collected from real tissue samples. For instance, with malignant tumours, AI will give specialists the ability to understand how an entire tumour affects a patient.
Introduction of brain-computer interfaces
Computers have long been used for communication. However, scientists are searching for ways to create direct interfaces between computers and the human brain, which will significantly benefit patients. In the cases of accidents and neurological diseases, patients often lose their ability to speak, interact and move. AI-enabled brain-computer interfaces could potentially restore these abilities efficiently and in a meaningful way.
Physicians are also expecting that it will enable injured or ill patients to quickly restore their functionality. AI-based brain-computer interfaces may allow researchers to decipher the neural activities related to physical functions, helping afflicted patients to communicate immediately.
Decreased cost of care-giving
According to the management consulting company, Accenture, AI could provide healthcare organizations an annual savings of $150 billion by 2026. This revolutionary and smart technology has the ability to give health care firms the power to utilize the information generated by progressively connected information networks and medical devices. AI could help organizations cut costs and improve treatment outcomes significantly while lowering operational expenses.
According to Global management consultancy McKinsey & Company, potential annual savings of AI in healthcare is expected to be $300 billion USD (United Sates Dollar) in the United States and £3.3 billion in the United Kingdom.
The increasing growth of digital information and big data systems present artificial intelligence a potentially crucial resource for collecting and extracting meaningful insight from increasingly smarter health care data networks.
In the near future, diagnostic technicians and wellness and lifestyle consultants may be able to leverage AI and wearable devices to optimize their medical services and improve treatment outcomes. As AI technology matures, it will improve the treatment outcomes and the operational efficiency of care, while decreasing the overall cost.
Automation of repetitive tasks
Health care firms constantly look for different ways to improve community health, and they also keep investigating the possibilities of AI implementation in many lucrative ways. Eventually, AI programs will enable organizations to discover new correlations among huge amounts of data. AI technology will allow health care organizations to automate their routine repetitive tasks and streamline their operations in various ways.
It will improve the ability of care providers to deliver faster, more accurate and more precise services. Hospitals and devices will be generating and using an enormous amount of valuable and useful patient information at a surprisingly fast speed and accuracy.
Final words — Other potential benefits of AI
AI technology will solve one of the major roadblocks of the systems used in the healthcare industry. Advanced AI systems that can communicate with patients and make accurate diagnoses at the screening process will enable the growth of their availability and space.
In the future, AI technology is going to introduce hybrid models to be used in the medical industry. These models will aid technicians in diagnoses, treatment planning and identifying risk factors while retaining responsibilities for the patient’s care. It will result in faster adoption by healthcare providers by mitigating potential risks and start delivering measurable improvements in patient outcomes and operational efficiency at scale.