Why Startups are making a Shift towards AI in HealthCare

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Artificial Intelligence (AI) offers a number of advantages over traditional analytics and clinical decision-making techniques. As learning algorithms interact with training data, they can grow more exact and accurate, giving humans unparalleled insights into diagnostics, care processes, treatment variability, and patient outcomes.

Why Startups are making a Shift towards AI in Healthcare

The fastest-growing sector in the world is artificial intelligence in healthcare. According to an Accenture estimate, healthcare AI applications could save the US healthcare system more than $150 billion per year by 2026. Robotic surgery is one of the most profitable AI applications in healthcare, with a market worth of $40 billion. Robotic helpers are poised to revolutionise not only surgery, but the whole healthcare industry, thanks to innovative developments.

Key areas in Healthcare that will reap more benefits of AI

1) Employees: The load on the medical workforce and other clinical staff would be reduced with the use of AI, as AI provides powerful tools to help them do their jobs better.

2) Consumers: Consumers are 6 times more likely to see AI having a positive impact on communities, according to a new survey. To be more specific, customers want AI to improve health quality and create a complete and seamless patient experience.

3) Security: For each record that is compromised, healthcare businesses lose an average of $455 every data breach. Healthcare data breaches don't simply cost money; they also cost money, data, and consumer trust.

4) Institutional Readiness: Healthcare organisations can integrate AI into their governance and structure, allowing them to construct and develop an AI-smart workplace culture and workforce that can use the technology to improve security, patient outcomes, and overall efficiency.

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