Archive

September 2020

Browsing

AI has been the heart-throb since 2010, and the thrill remains fresh as a new decade emerges. The last decade witnessed the reality of machines outside the world of science fiction. The incentives transpire to be colossal for those merging AI-driven innovation into unexplored areas of industry, scientific field, and circadian life.

The innovative approach of amalgamating AI and virtual hackathons to fashion and initiate novel additions to an organization’s project marketplace is an exclusive enterprise that ought to be reproduced.

 The Increased Monitoring and Refining Business Processes

While the earlier robots employed at workplaces majorly carried out manual tasks like manufacturing and production lines, the present software-based robots have transcended to embark on the mission’s we humans implement using computers. The automation by machines have scrutinized our actions like filling forms, creating reports and diagrams, and initiating documentation and instructions are now discharged with an escalated efficiency and swiftness.

automation

This process of robotic process automation will liberate us from the plodding of time-consuming administrative work conferring on us an opulence of time for complicated, aesthetic, strategic, and interpersonal undertakings.

 Heightened Personalization in Real-time

This trend is fostered by the prosperity of internet behemoths like Amazon, Alibaba, and Google. What makes them unique is its capability to implement customized recommendations and experiences. AI enables providers of goods and services to swiftly and precisely project a 360-degree glimpse of customers while connecting through online portals and mobile apps. This aids them in understanding how their prophecy can be suited for our requirements with top-notch accuracy.

Tech

Right, when you crave for your favourite pizza and Pizza Hut emerges with their order now button at that exact moment. There is no resisting; instead, there is solely indulgence. This is what every other industry will employ with the aid of AI – a luring personalized customer experience.

AI Alters into an Increasingly Useful Tool as Accurate Data is Furnished

A crucial impediment to businesses and organizations having the zeal for an AI-driven automated decision making faces the felon of substandard quality of information. At the same time, with the revolutionized technology and process of reproducing real-world mechanisms in the digital domain has bestowed the advent of factual data.

Simulations have advanced to a stage where it has engendered reduced cost and intensified quality of data. Therefore, 2021 will bear testimony to the magnified precision and vitality of real-world simulations, which will enkindle a potent and accurate AI.

Healthcare enjoys the stature of the most significant sector in the US economy, with $4 trillion spent annually on healthcare. When analysing government spending, nearly a quarter is spent on healthcare. Similarly, it accounts for 11% of all American jobs, thereby employing more people than any other industry.

At the same time, healthcare is the epitome of a severed industry while considering the US economy. This is an upshot of healthcare costs escalating beyond control presently, from $355 per individual in 1970 to $11,172 per individual in 2018. However, the appalling fact is that despite healthcare per capita being lofty than many other countries, the US ranks 38th globally when it comes to life expectancy. It is ranked between Lebanon and Cuba. When considering developed countries, access to healthcare remains harrowing in the US.

tech

At this bizarre juncture, the entry of Artificial Intelligence engenders to snip the Gordian knot in order to refashion the healthcare sector. The symbiotic relationship between machine learning and healthcare is an impetus for this sector. The ethos of healthcare employs pattern recognition. When the homeostasis of the human body is disturbed, the utilization of a constellation of data points, including the latest physical symptoms, blood pressure, genetic composition, etc., can carve the story of a person’s health. The phenomenal impact of AI can be witnessed in the clinical, administrative, and pharma fields of healthcare.

 

Imaging

Utilizing computer vision in medical images to identify health conditions is among the most popular use of AI in the healthcare sector. The object classification of determining whether it is a tumour or a skin lesion or something else is what deep learning is brilliant. Why would the industry require radiologists anymore because, within a span of 5 years, deep learning will outstrip the excellence of radiologists. Some of the noteworthy start-ups are PathAI, Paige, Zebra Medical Vision, and Caption Health.

Patient Intake and Engagement

Another field that will observe a transformation is patient intake and engagement – a crucial facet of the healthcare sector. The concurrent snowballing in technology has facilitated AI-based conversational interfaces that can succour patient screening and care navigation. To confer on patients, a compelling and relaxing care regimen AI can help communicate with patients on a quotidian basis.

This can engender a reformation in the healthcare sector by democratizing healthcare access by making expert health guidance available to all at an affordable cost and thereby negating the inequality based on economic status in the healthcare under the human interfaced healthcare system.

 Remote Health

The upsurge for the adoption of remote health was a sequel ushered by COVID-19. This method employs digital tools to provide the delivery of clinical services to patients.

AI in healthcare

Simultaneously, the pandemic has worked as a catalyst in promoting telehealth, which is on its voyage to being an essential pillar in healthcare delivery. According to McKinsey, around $250 billion of healthcare spending will be virtual in the following years in the United States alone. Remote health will be augmented with the entry of machine learning, an unrivalled blend.