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AI in Healthcare. 

Its Current State and Why It Matters
Artificial Intelligence Market for
Healthcare Applications, World...
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Ai in Healthcare. Infographic

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No doubt, #healthcare is one of the most promising applications for #AI. This #technology can offer lots of benefits for this sector: it can help Health institutions to cut costs by lowering readmission rates, it can help insurance companies to optimize their risk management techniques, and it can also help doctors find new ways of healing.
Follow the link and learn more: https://indatalabs.com/blog/machine-learning-in-healthcare

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Ai in Healthcare. Infographic

  1. 1. AI in Healthcare. 
 Its Current State and Why It Matters Artificial Intelligence Market for Healthcare Applications, World (in Millions) AI and COVID-19 In most of cases the global artificial intelligence (AI) in healthcare market is segmented on the basis of technology and application. Machine Learning Context-aware Computing Natural Language Processing Computer Vision Speech Recognition Robot Assisted Surgery Health Monitoring Digital Consultation Virtual Assistants Drug Creation Fraud Detection Dosage Error Reduction Actual and Potential Contributions of AI against COVID-19 North America $15 billion - $23 billion Europe $3 billion - $4 billion Asia $8 billion - $12 billion Internal corporate investments External investments (venture capital, private equity, M&A) McKinsey 2014 2021 6,662 663.8 Frost & Sullivan: Transforming healthcare through artificial intelligence systems Trends that Define New Health Value Challenge The tendencies will intend to deal with large number of people whose conditions are chronic, complex and require treatment for the longer term. It won’t be focus on serious health episodes that require days or weeks of acute care for very ill people only. Information Technology Development Moving from products to services and medical solutions - using AI, robotics, and virtual and augmented reality - we will deliver intelligent products that will meaningfully change the way medical institutions operate. Democratisation of Access Some of the most powerful AI tools are already embedded in our phones and apps, providing us with the data we need to proactively manage our own health and wellness. Willingness of the General Public The explosion of technology and the increasing ubiquity of the Internet of Things (IoT) is bringing about breakthroughs that are erasing healthcare boundaries and enabling care anywhere and everywhere. Digitization is everywhere, but adoption is uneven across companies, sectors, and economies, and the leaders are capturing most of the benefits. Here four distinct trends are converging, which mean AI and robotics will come to define New Health: Artificial-Intelligence Investment indatalabs.com Big on Data Science & AI Diagnosis and Prognosis Fast and accurate diagnosis of COVID-19 can save lives, limit the spread of the disease, and generate data on which to train AI models. AI may provide useful input in this regard. Social Control AI has been, and can further be used, to manage the pandemic by scanning public spaces for people potentially infected, and by enforcing social distancing and lockdown measures. Treatments and Cures AI has always been lauded for its potential to contribute to new drug discovery. Now lot’s of research labs and data centers are recruiting AI for treatments and for a vaccine against COVID-19. Data Dashboards The tracking and forecasting of COVID-19 with the help of AI technology can help to visualize the current state of pandemic and create accurate data dashboards. Tracking and Prediction AI can be used to track and to predict how the COVID-19 disease will spread over time and over space based on accurately collected data. (AI) in healthcare market was around USD 1.4 billion in 2018 and is expected to reach approximately USD 17.8 billion by 2025, at a CAGR of 43.8% between 2019 and 2025. According to the World Health Organization (WHO), nearly 57 countries globally are facing a shortage of 2.3 million nurses and physicians. Therefore, the demand for improvising healthcare accessibility is currently at its peak. North America is likely to dominate the global artificial intelligence (AI) in healthcare market over the estimated timeframe, due to the presence of renowned market players. PWC Towards Data Science By Technology By Application

No doubt, #healthcare is one of the most promising applications for #AI. This #technology can offer lots of benefits for this sector: it can help Health institutions to cut costs by lowering readmission rates, it can help insurance companies to optimize their risk management techniques, and it can also help doctors find new ways of healing. Follow the link and learn more: https://indatalabs.com/blog/machine-learning-in-healthcare

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