Monday, May 20, 2019

How is AI Changing the Healthcare Market in India?

The present era has been aptly termed as the age of information. New age technologies such as artificial intelligence (AI) is changing the way every industry has been functioning. Healthcare sector is no different. There has been a marked impact of machine learning, artificial intelligence and automations on different aspects of the healthcare sector, such as doctors, patients, hospitals, insurance companies, and healthcare payers. In fact in most cases the impact of AI on the healthcare sector has been more substantive than in other industries. From clinical research to hospital care, medical insurances to drug development, AI applications are disrupting the healthcare sector in major ways.

Influence of AI on healthcare sector

The total public and private sector investment on AI in healthcare is forecast to be around USD 6.6 billion by 2021. India is not far behind, and AI will soon change the healthcare sector in the country. Here are a few ways in which Artificial Intelligence (AI) in healthcare market in India will shape up this sector:

Managing medical records: the first challenge in the healthcare sector in India is maintaining large amounts of information such as medical history and other medical records. Hence data management is one of the most widely used AI application. Digital automation is the call of the day.

Artificial Intelligence (AI) in healthcare market in India
Automating repetitive tasks: there are several monotonous tasks like CT scans, analyzing tests and X-rays and compiling medical data that can be done faster and more accurately by robots. Hence automation driven through AI applications is becoming the norm of the day.

Treatment designs: patients can now select a customized treatment path for themselves as artificial intelligence systems can now analyze data, create notes and reports from the patient’s file and also add input through external research.

Artificial intelligence is entering the healthcare sector in India in a big way and will prove to be a game changer in the next few decades.


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