How is AI advancing Healthcare and Medical Science?

How is AI advancing Healthcare and Medical Science?

Remaining as a fact in history, Artificial Intelligence has influenced all our lives in one way or the other, by becoming an office companion or a home assistant. However, among all this, AI has been a blessing to the Healthcare Industry. The Adoption of AI in the Healthcare and Medical Science is growing rapidly as according to a report by Sage Growth, 90% of the hospitals have provided a solid nod to the AI culture in making developments in their medical infrastructures and also support their employees in performing their jobs more diligently.  

Though that being said, it also raises the privacy concern for the authorities that could threaten the security and privacy of patient data. Several Medical Institutions and hospitals are trying to find a solution to avoid such situations by putting up stringent policies and structures, mainly focusing on the rights to patient data.  

How does AI work in improving Healthcare? 

The Artificial Intelligence system is inspired by the Brain’s Neural Network of managing, processing, storing and release information. Here, AI begins with a massive amount of data, and then it employs machine-learning algorithms to extract information. This information is then utilized to generate meaningful results to solve a complex problem that is fed into the medical system.  

AI Models identify meaningful patterns and translate into clinical imagery through deep convolutional neural network. This helps in patient diagnosis, prognosis, treatment and caregiving. Though we have only scratched the surface to find out this, there is much more that AI could achieve in the future. At present, the recently built modern algorithms can easily solve complex medical problems by using binary classification of data. It can review, interpret and also recommend solutions to be later carried out by a medical practitioner.    

Applications of AI in Medical Science and Healthcare 

There are numerous ways how Artificial Intelligence has helped the medical field. It is bringing about a transformation that is and will be going to be remembered as the time for a change. So, where is AI being used to help the medical industry? Let’s find out. 

1. Clinical Support for Decision Making 

 AI is a powerful tool that helps medical professionals make quick and accurate decisions. Through Pattern recognition system, Artificial Intelligence can make room for better diagnosis and treatment in case of emergency. At times, it can also be used as a second opinion to the medical practitioner to avoid complications and miss any unruled circumstances that could occur.  

2. Patient Information Management 

Artificial Intelligence has proved excellent for diagnosis but also great for patent information management. Automated information updation and interoperability etc., are considered great for both the medical institution and the patient. Telemedicine is also becoming popular that is the remote delivery of healthcare services and medicine. AI detects and evaluates the patient condition and helps in outpatient care for hospitals.  

3. Drug Discovery 

Though you have already observed how AI has elevated the situation and provided the needful for Drug Discovery and Development in the times of Covid-19, but if you haven’t read our article, read it here ‘How is Artificial Intelligence winning the Covid-19 situation’. Artificial Intelligence has saved humankind by its efficient and accurate testing/identification of combinations. Accelerating the entire process, AI has produces an innovative approach to medicine and medical science sphere.  

4. Improve Research and Development  

By the focused adoption of AI in medical science, we can control or manage the budget spend on R&D. Since R&D is a great part of medical science, governments and private institutions are spending a colossal amount of money on its part. However, with the deployment of AI in the field, there will be a significant change in the nature of research as it will be fast-tracked and have accurate results, simply saving time and money. 

5. AI-assisted surgery 

This might look like something from your favourite sci-fi movie; however, this is being practised in different parts of the world. AI-enabled Robots helping the surgical procedure with a surgent. There has been much evidence that proves the fact the Artificial Intelligence has the ability to provide acute care management like surgery to its patients. Advanced Analytics and Machine Learning, along with Robotics have made it possible in time.  

6. Prevent a Pandemic/Epidemic 

Though it may seem quite far-fetched, it will soon be a common enactment. Artificial Intelligence, along with Machine Learning are great to provide insights on early detection of a spread. It processes massive information of patients without any human help, thus maintaining confidentiality and detect early symptoms of a group of patients in a locality. This application can also be incredibly beneficial for the government to take immediate action.  

7. Reinforcing Life Insurance and Medical Covers 

Artificial Intelligence is also used in Finance and banking industry. It is interesting to know that Financial Institutions are using Artificial Intelligence to help people find out the appropriate amount that they need to cover their medical insurance and even life insurance. The AI works through the medical history of the applicant by applying advanced analytics and thus make a balanced document that will be accurate for the individual. This saves money and time for any patient. Some hospitals provide this facility as an overall management or healthcare package. 

 

Thus, AI looks well-positioned to transform the healthcare industry as a whole. AI systems can help in multiple ways other than the ones listed above, like transcribing notes, send healthcare alerts, managing and updating patient data into EMR portals and also help in diagnosing patients. Artificially intelligent systems are great to help patients with inpatient, outpatient and follow-up care. The future of AI in the healthcare industry is promising, and yet there is so much that remains to be done. If you want to know more about AI and its role, you must be a part of our latest webinar, Role of AI: From Vaccine Development to Distribution on 25th June 2021.  

How is Business Intelligence Transforming Businesses to be Future-Ready?

How is Business Intelligence Transforming Businesses to be Future-Ready?

The Digital Revolution is having a roaring good time, and the market is subject to trade places as per the very demanding nature of consumers. While Data has become a powerful thing, every industry is diving into the unknown, taking risks to place themselvein an advantageous position. However, the rapid development of technology and innovation has guided us through a tough time and equipped us to provide the right. At this time, businesses need a thorough, insightful model of functioning processed through Business Intelligence.  

A report by Zion Research predicts that the global Business Intelligence market is accounted for US$16.33 billion in the year 2015 and is expected to expand to a whopping US$26.50 billion by 2021. This makes Business Intelligence one of the best career option for the year 2021. In this blog, we will find out how the worth of Data is directly propositional to the growth of Business Intelligence in the Job Market? 

Why do Companies need Business Intelligence?  

Customer Engagement is a massive subject and companies are working tremendously to extract quality data from their customers to provide the best suitable services, products or solutions. So, what is the role of Business Intelligence, and how is it transforming businesses? Business Intelligence is a combination of strategy, technology and tools that helps or influences strategic discission for any organization.    

Data Mining, business analytics, data visualization, and implementation of tools and infrastructure help improve efficiency, productivity and all in all the revenue of any business. Thus, Business Intelligence processes data and provides actionable insights to look into. BI displays a clear picture of what is trending and what is affecting the business’s performance in the market or even predicts the future to capitalize on the opportunity.   

What are the trends that are providing BI with an Edge? 

Just like the growing technological developments around the globe, the future of Modern BI looks promising. A better customer engagement and retention is the goal for every business and the following trends are boosting its relevance with each passing day.  

1.Data Governance

According to ForbesStrong Data Governance will help Business Intelligence have a new perspective. In the present time, Data Governance and Management has become the key priority for businessesOrganizations emphasize just any data but useful quality data curated by classifying it into categories like its source, accessibility, and how it will help them achieve the desired goal? With proper Data Governance, they will improve data quality, privacy and security and thus help BI. 

2. Prescriptive Analysis

After much research on Descriptive and Diagnostic Analysis, future trends suggest that businesses will invest in the prescriptive analysis. A great deal of time and effort is put into the strategic planning of the approach, and Prescriptive Analysis is about creating a model that will highlight any market’s future. This determines a well-thought-out outcome than rushing into discussions.

3. Collaborative and Integrative BI

Collaborative BI is the combination of business intelligence software and collaborative tools, as well as social and web technologies, to enhance data-driven decision making. It explores data in real-time, where systems will be able to send automatic alerts to users and update them about needful changes that must be made in the data to operate better.

4. Natural Language Processing (NLP)

Along with AI and Machine Learning, NLP has been helping BI to indicate a plan for future business strategies. Chatbots and virtual assistants are dealing with humans since some time now. It is only through NLP, they will help address human concerns (your customers) preferably human-like by analyzing customer sentiments and response, abstract information from statements through conversational AI and registering appropriate data to act upon and also to add personalization to consumer needs.    

 To conclude, the BI landscape is shifting only to adapt to the market’s current needs only to increase the business’s competitivity structure. If you think this is the right time to switch careers and step into the world of Business Intelligence, enrol yourself in Big Innovation Centre, India’ e-learning Course on Power BICheck out our Membership Options and Sign in Today.