AI is bringing a Paradigm Shift in the Healthcare Industry
By MedTech Outlook | Wednesday, May 01, 2019
There's nothing unnatural about the impact of AI on the medical industry. But its healthcare impact is truly life-changing. AI is bringing a paradigm shift in the healthcare industry with its ability to imitate human cognitive functions. By 2025, healthcare AI applications will represent a market of $34 billion. Revenue will be spread across a wide range of applications in the lucrative AI healthcare space, from data security to streamlined workflows. Within raw data, AI can identify complex patterns. She can learn by herself and rewrite her own algorithms. And it can predict results. These capabilities combined add up to a technology that will disrupt and transform an industry as a whole.
Check This Out: Top Healthcare Analytics Solution Companies
Even in their infancy, AI-based diagnostic tools regularly outsmart radiologists and pathologists about spotting mammograms with potentially lethal lesions and diagnosing skin cancer and retinal diseases. Some models of AI can even analyze psychiatric symptoms or learn to make referral recommendations. While AI radiologists usually require large annotated datasets to learn, transferring learning enables a previously trained AI to pick up another similar ability quickly. In order to diagnose two common reasons of vision loss, an algorithm trained on tens of millions of everyday objects from the standard ImageNet database can be retrained on 100,000 retinal images—a relatively small number for machine learning. ML is well appropriate for analyzing data collected during routine care in order to identify likely future conditions that may arise. These systems could assist measures of prevention, nip health problems in the bud, and reduce medical costs.
Treatment care for machines is much harder. An AI model fed with data on treatment can only reflect physicians ' prescription habits rather than ideal practices. To estimate the impact of a certain type of treatment on a given person, a more useful system would have to learn from carefully curated data. Several recent trials have found that obtaining expert data, updating the AI or tailoring it to local practices is really challenging. For now, it remains a future frontier to use AI for treatment recommendations.
Future apps could enable patients to take a picture of a skin rash and get an online diagnosis without urgent care. For optimal use, clinicians and patients adopting these systems need to understand their limitations. Even if it becomes customary and mundane, no party should rely excessively on machine diagnostics. For now, AI-based models are limited on just historical datasets; the key in the next few years is to build prospective models that clinicians can evaluate in the real world while navigating the complex legal, privacy, ethical, and regulatory quagmire of obtaining and managing large datasets for AI.