Healthcare AI is Booming

Healthcare Ai

Marketing research reveals that the health care artificial intelligence market is growing by more than 50 percent annually. At this rate, by the year 2025, the industry is expected to rise from its current $2.1 billion to an estimated $36.1 billion. The exponential growth rates are being influenced by the need to reduce healthcare costs and the acquisition of complex technologies.

Many physicians and medical facilities are hesitant to invest in IT technology. Initial expense and regulatory guidelines are vague. Some fear the technologies will cost jobs for human employees. However, the technology promises new job opportunities for educated, experienced and skilled workers who are needed to operate the systems.

In many cases, human workers are needed to visualize and manage the data produced by AI software programs. AI technology is capable of learning algorithms is designed to create large quantities of data. However, human technicians are necessary to collect and analyze the results. In this way, humans are able to assess the information for patterns and trends.

In order for physicians and medical facilities to benefit from AI usage, integration, maintenance and support services must be available to incorporate and maintain the technology. Thankfully, the majority of AI development and manufacturing companies offer those services on and offline.

The systems benefit the medical community by being designed to enhance patient care delivery, improve patient experience and reduce overall health care costs. Electronic health records are some of the most common implications for AI technology in the medical sector.

The United States is one of the major manufacturers of AI technology. The U.S. also leads in the use of AI technology. Personal care items, medical assessment tools, and wearable devices are commonly used throughout the country.

In addition to modernizing patient records, AI technology proves useful in many other aspects of the health care field. Algorithms are used to analyze data produced by imaging devices, which increases the likelihood that patients receive a more accurate diagnosis. Robots are entering the industry to assist surgeons in performing surgery. Robots are used to disinfect location to reduce the risk of patients acquiring nosocomial infections.

from James Plumlee Financial Advisor

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