The word artificial intelligence conjures up visions of robots, industrial automatons, and virtual assistants in most people’s minds. AI, on the other hand, is working behind the scenes to transform a variety of industries, including Healthcare. Indeed, AI is already making a significant contribution to, enabling groundbreaking projects ranging from genomic testing to medication discovery to patient data management.
These technologies are already showing signs of assisting in the development of customised medicines, reducing waiting times, and reducing clinical variance. These pockets of innovation demonstrate how AI may be a positive factor in Healthcare. In 2020, for example, scientists reported that AI had helped them design a new antibiotic after analysing more than a hundred million chemical molecules in a few of days.
Leaders in Healthcare information technology are sitting up and paying notice. According to a recent report, the Asia Pacific market for AI in applications reached USD 274 million in 2020 and is predicted to increase at a rate of 48% from 2021 to 2027. The fast-growing volume of data in the sector is fueling this expansion. For example, hospital, pharmacy, and laboratory databases contain medical records, prescriptions, procedures, administrative documents and exams, and image captures from thousands of people.
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