Today, technology is taking giant strides and is breaking barriers in multiple sectors including finance, education, agriculture, fashion, security and healthcare (needless to exhaust the list).
AI will change several healthcare processes because virgin paths are opening up including precision surgery, machine learning in drug design, automation in healthcare delivery and predictive diagnosis.
A common problem in the healthcare industry, misdiagnosis, for instance, will soon become a tale of the past as AI learning algorithms crush out long lists of patients’ MRI diagnostic scans within minutes. Covera Health is devoted to this area in particular. Google DeepMind’s algorithm has already proven to have high precision in diagnosing certain eye threatening diseases.
With technology also comes reduced health costs. AI will make healthcare more affordable for all and reduce patient waiting time in hospital lobbies, hence more efficiency. According to Accenture, this will allow the world’s healthcare industry to gain more capacity to meet the needs of 20% more unmet clinical situations.
So far healthcare AI startups have raised the highest, some $4.3B in investment rounds since 2013, CB Insights found out. One good news in the AI health industry is that FDA is fast-tracking regulatory approval thus, allowing these products to come into the market quickly.
In Africa, healthcare AI startups are emerging and will also become local forces that will impact the continent in no small way and more so because the Universal Healthcare Coverage is still fighting its way to fulfillment.
Research Credit: EmerJ, Covera Health, DeepMind.
Picture Credit: InsideBigData