Data-driven AI technologies are well suited to address chronic inefficiencies in health markets, potentially lowering costs by hundreds of billions of dollars, while simultaneously reducing the time burden on physicians.
These technologies can be leveraged to capture the massive volume of data that describes a patient’s past and present state, project potential future states, analyze that data in real time, assist in reasoning about the best way to achieve patient and physician goals, and provide both patient and physician constant real-time support. Only AI can fulfill such a mission. There is no other solution.
Technologist and investor Vinod Khosla posited that 80 percent of what human physicians currently do will soon be done instead by technology, allowing physicians to focus their time on the really important elements of patient physician interaction.
Within five years, the healthcare sector has the potential to undergo a complete metamorphosis courtesy of breakthrough AI technologies. Here are just a few examples:
1. Physicians will practice with AI virtual assistants (using, for example, software tools similar to Apple’s Siri, but specialized to the specific healthcare application).
2. Physicians with AI virtual assistants will be able to treat 5X – 10X as many patients with chronic illnesses as they do today, with better outcomes than in the past.
Patients will have a constant “friend” providing a digital health conscience to advise, support, and even encourage them to make healthy choices and pursue a healthy lifestyle.
3. AI virtual assistants will support both patients and healthy individuals in health maintenance with ongoing and real-time intelligent advice.
Our greatest opportunity for AI-enhancement in the sector is keeping people healthy, rather than waiting to treat them when they are sick. AI virtual assistants will be able to acquire deep knowledge of diet, exercise, medications, emotional and mental state, and more.
4. Medical devices previously only available in hospitals will be available in the home, enabling much more precise and timely monitoring and leading to a healthier population.
5. Affordable new tools for diagnosis and treatment of illnesses will emerge based on data collected from extant and widely adopted digital devices such as smartphones.
6. Robotics and in-home AI systems will assist patients with independent living.
But don’t be misled — the best metaphor is that they are learning like humans learn and that they are in their infancy, just starting to crawl. Healthcare AI virtual assistants will soon be able to walk, and then run.
Many of today’s familiar AI engines, personified in Siri, Cortana, Alexa, Google Assistant or any of the hundreds of “intelligent chatbots,” are still immature and their capabilities are highly limited. Within the next few years they will be conversational, they will learn from the user, they will maintain context, and they will provide proactive assistance, just to name a few of their emerging capabilities.
And with these capabilities applied in the health sector, they will enable us to keep millions of citizens healthier, give physicians the support and time they need to practice, and save trillions of dollars in healthcare costs. Welcome to the age of AI.
Source: Venture Beat