It’s not an exaggeration to say that artificial intelligence has revolutionised the healthcare sector. It seems like every other day, it is reported that AI-enabled medical breakthroughs are taking place. In August alone the following case studies have emerged: researchers at Radboudumc revealed in Nature Genetics that their computer model based on facial recognition can, using AI, help diagnose the hereditary cause of rare developmental disorders in children. Also, AI helped a stroke patient walk again using high-tech trousers and scientists used an AI-powered brain-computer interface (BCI) to help voiceless patients to speak. On the administrative side of things, Google announced a suite of artificial intelligence tools to help speed up one of healthcare’s big administrative bottlenecks: pre-authorisation.
Why is it important?
Generative AI is dramatically reducing the new drug and therapy development cycle time. The speed of innovation is unprecedented. Hong Kong-based biotech company Insilico Medicine announced that the first drug of its kind designed by generative AI has entered phase II trials, with the first patients already dosed in the US and China. The medical advances that AI brings, translates into lives saved and better quality of life for patients spared debilitating illnesses. This leads to a happier, healthier populace. Healthcare companies who lead the way in terms of these innovations stand to profit the most from these advances.
What can businesses do about it?
Keep abreast of AI trends, breakthroughs, and emerging technologies by following AI research journals, conferences, and news. This is essential for healthcare businesses to stay competitive, improve patient care, and streamline operations. It is crucial for your business to develop an AI strategy. Establish advisory boards or committees composed of AI specialists to provide guidance. Form partnerships or collaborations with AI companies and experts in the field. Allocate resources for in-house AI research and development. Investigate where/how AI can be retrofitted into your current structure or whether you need to start afresh. Do you need to build your own systems or partner with a third party? These are the type of questions to be answered by your AI strategy.
By Faeeza Khan
Interested in revolutionising your team’s perspective? Or maybe you want to ignite a sense of optimism like never before?
Then our Immersion Tour Experience is for you!
Our Immersion Tour is a transformative experience tailor-made to cater to the unique needs of your business. Our visionary curator is Dion Chang. He will personally craft each tour to align precisely with your desired outcomes and challenges, creating a bespoke journey that is distinctly yours.
This tour will immerse your team in various environments, allow your team to glean invaluable insights, witness groundbreaking innovations, and learn from the best minds shaping our world.
If your company is interested in curating a bespoke immersion tour contact Cloud on firstname.lastname@example.org to set up an introduction with one of our partners.
Take this opportunity to take your team’s perspective to the next level!
CPD Points and level: 5 CPD POINTS at MPSA Level Designated Members
(AMSA Designated Members can attend and claim these CPD points as well)
Category: Non-Marketing and Marketing
CPD Approval Number: MA FT 23003
Certificate of completion to be loaded onto MarkEdonline to claim CPD points.
Image credit: National Cancer Institute