The global penetration of Artificial Intelligence (AI) impacts numerous industries including healthcare. AI helps healthcare specialists expedite numerous tasks, enhance operational efficiencies, and facilitate complex procedures.
The overall benefits of AI in healthcare are hard to overstate, as the technology can successfully replace humans in multiple routine tasks and fulfill those jobs faster and cheaper. Therefore, all stakeholders in the sector—including physicians, patients, and healthcare administrators—can save time and effort and improve treatment processes.
AI continues to grow and reinvent itself. Modern intelligent solutions enable us to understand, learn, act, and even predict. This is already a huge leap forward from AI-based surgery-assisting robots, which appeared in earlier stages of AI adoption in medicine. Healthcare applications make an appealing market for AI developers, and large tech companies such as Microsoft actively invest in the associated innovations. It’s no surprise that statistics forecast a global revenue of $34 billion from healthcare AI tools by 2025.
However, tech progress comes hand-in-hand with certain limitations. The risks of artificial intelligence in healthcare should be carefully assessed along with the opportunities this relatively new technology can offer.
A continual increase of data in modern medical institutions on the one hand, and the swift development of analytical and computing techniques on the other, create a vast array of use opportunities for AI. So, what exactly is the role of artificial intelligence in healthcare?
Apart from automating multiple tasks, AI can help embrace advanced clinical practices, enhance research, and offer new technological capabilities for personalized treatment. Ultimately, AI solutions can bring communication between patients and caregivers to a new level, improve treatment results, and add value.
Today, there are already numerous amazing examples of AI and ML implementations in medicine.
Investors realize the benefits of AI in healthcare and show strong interest in the industry. Research shows that globally, healthcare AI companies brought in a record-breaking $2.5 billion in the first quarter of 2021 in 111 deals. That’s 140% compared to $1 billion raised in the first quarter of 2020.
AI offers a giant potential to all stakeholders in the healthcare industry. Let’s go deeper into the benefits and risks of artificial intelligence and discover how a medical institution can optimize its outcomes by embracing the technology.
OnceNow that we’ve gone through the main benefits of AI in healthcare, it’s crucial to outline the challenges this technology could bring.
After assessing the pros and cons of artificial intelligence in healthcare, practitioners may ask themselves what they should do to take maximum advantage of the technology. AI is still new, and its implementation may contain numerous pitfalls. Experts recommend performing several critical steps to make sure the process will run seamlessly and counter the main challenges of artificial intelligence in healthcare.
As one of the largest disruptors of practically all industries in the world, AI can hugely affect medical institutions. However, similar to any other advanced technology, artificial intelligence poses challenges in healthcare. This sector carries specific concerns that need to be addressed prior to technology adoption. Therefore, organizations should be aware of the main pros and cons of AI in healthcare to succeed in their transformation.
In line with the global tendencies, our experience demonstrates that the proper implementation of AI brings solid dividends. NIX United specializes in artificial intelligence solutions that help customers occupy leading positions in their industries. Our profound technical knowledge and vast experience allow us to build your solution from the ground up and continually enhance it to bring you maximum value. We will bring cutting-edge technology to your service and make it work for you in the long run.
Natalie is a HIPAA-certified expert with high-grade knowledge in the healthcare and pharmaceutical industries with 5+ years of experience. She helps CIOs, CTOs of medical organizations, and founders of agile healthtech startups get the most valuable tech solutions for fundamental digital reinforcement in patient care, automation of operational processes, and overall business progress.
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