Artificial intelligence and machine learning is gaining momentum in recent years with success stories emerging on how artificial intelligence or AI is being used to treat patients. For instance, IDx-DR was the first ever-autonomous AI system cleared by the U.S. Food and Drug Administration or FDA to provide diagnostic support. The system works by detecting signs of diabetic retinopathy in ocular images and then applying algorithm to produce binary diagnosis in matter of seconds.
The Role of Artificial Intelligence and Machine Learning in Healthcare Sector
The healthcare industry is the one of the largest with a massive database in India, which is expected to reach $6.6 billion by the end of 2021 with the ongoing developments in artificial intelligence. The EHR developers are now using artificial intelligence to create interfaces that are more intuitive and in automating some of the routine processes that consume so much of a user’s time.
Artificial intelligence is also assisting clinicians in providing earlier diagnosis of conditions that may lead to early patient mortality especially in case of cardiovascular diseases that is killing around 17.9 million people every year. The diagnostic imaging with new methods of machine and deep learning has already emerged as the most powerful tool for translating large data sets into applicable knowledge for better healthcare facilities.
An important field of artificial intelligence is the Virtual Health Assistants or VHA that is helping patients in number of ways. For instance, VHA’s can help patients with dementia to stay on track with their prescribed medications by sending reminders. Healthcare BOTs exist primarily for patient engagement.
Artificial Intelligence and Machine Learning as per Frost & Sullivan Reports is helping in the reduction of treatment costs by as much as 50% due to improvements in precision and efficiency resulting in fewer human errors and decrease of physician visits. Overall, it can be said that the AI and Machine Learning is still in its nascent stage with a huge and positive impact for doctors and patients in healthcare sector.