Artificial Intelligence For Healthcare Is Booming
Imagine a future where a doctor knows exactly which of one their patients might get sick and when. They would know exactly how sick and be able to prescribe a treatment before any problems occurred quickly. This vision of healthcare may not be too far off thanks to recent advancements in applying artificial intelligence within the space. A recent report from CBinsights outlined more than 90 companies that are using machine learning algorithms and predictive analytics to reduce drug discovery times, provide virtual assistance to patients, and diagnose ailments by processing medical images, among other things. Misdiagnosis by physicians is a grave and common occurrence in the health industry. Every year an estimated 10 percent to 20 percent of cases are misdiagnosed. These misdiagnoses exceed those of drug and surgery errors on the wrong patient or body part, both of which receive considerably more attention. The repercussions of a misdiagnosis can damage a patient’s health, and cost healthcare provides significant amounts of money or even the life of a patie