Artificial intelligence is the form of computer-assisted technology that enables the machines to perform certain tasks that humans perform, otherwise. The machines and systems now operate automatically without little or no human intervention because of successful artificial intelligence applications.
Science and technology have revolutionized every aspect of our lives. It has changed the entire narrative too, globally. Humans are now more dependent on machines. And it seems that in the future, machines and artificial intelligence are completely going to replace humans in basic fields like the healthcare system.
In the 21st century, artificial intelligence has dominated every other field from business and finance to security and manufacturing, education, healthcare companies, and many more. This just does not stop here. AI services companies are endeavoring to instigate AI solutions and technology in every other field predominantly medicine and healthcare. AI solutions for healthcare begin to gain popularity in the early 1950s when clinicians used computer-aided systems to help with their final diagnoses. And the advancing technology by the top artificial intelligence healthcare companies continued to embark its successful applications in the field of medicine and healthcare system. In simpler words, we can say that artificial intelligence is changing the practice of medicine.
Despite its increasing use nowadays, many people are unfamiliar with the basic idea of artificial intelligence. In simpler terms, we can say that “Artificial intelligence consists of all the technological tools that can analyze and interpret situations and data that can substitute human intelligence, thoughts, and decision-making abilities.” AI innovations are being brought into the market every other day by various AI solution companies, and every region has been using its innovations for different purposes and solutions.
Al algorithms are designed in such a way that they respond to situations in milliseconds using real-time data. The incorporated sensors enable them to analyze and interpret incoming signals. AI computational tools can even be adapted and updated by software manufacturers whenever a new problem arises. So, we can say that we are witnessing a new era of artificial intelligence where humans are evolving and the technology itself.
Some of the very important AI solutions for healthcare include:
- Efficient Diagnosis of the disease
- Reduction of error
- A broad spectrum of non-invasive surgeries
- Earlier disease detection
- Accurate cancer diagnosis
- Detection of Blood diseases
- Advancement in clinical trials of oncology
- Rationalizing Patient Experience
In the recent past, AI has played a significantly important part in healthcare. The AI solutions for healthcare have been a hallmark of progress in medicine and healthcare. From the discovery of spectacular drugs to the development of techniques such as CT scans, MRI, and genomic analysis, AI solutions for healthcare have not only improved and enhanced these techniques but are also helping reduce clinician burnout.
Moreover, some of the top artificial intelligence healthcare companies are helping reduce the cost price of these techniques so these AI healthcare solutions are available for everyone. Many AI consulting companies are doing revolutionary work to help transform the entire diagnostic and treatment plans.
Healthcare prior to advancement in AI:
In the early 1960s, with the few advancements in computer technology, clinicians started to believe that the new age of tech can help revolutionize the entire medical field and healthcare system including the diagnostic techniques to treatment plans and the extraction of important data from the sources provided. But due to expensive and rather unreliable instrumentation, lack of faith in the newer systems to replace or influence their methods, and fear of investing in something so doubtful that wasn’t ensuring them guaranteed success and financial benefits, these newer technology methods were not put into practical use. And the former methodologies kept going on.
But then, during the 1980s, computers developed dramatically, and AI visibly came into the picture. The gradual evolution of a rather faulty system to a system providing maximum outputs owed it solely to the advancement in AI solutions for healthcare. Medical algorithms were finally put to use and data interpretation and analytical methods were programmed in such a way as to reach a definite conclusion. Clinical research was revolutionized and the clinical trials started straightaway. To help the medical field through the services of AI, AI consulting companies and AI Services Company came into existence and a whole 360-degree turn took place in the history of the healthcare system.
The advent of AI in healthcare:
As soon as AI started operating in the healthcare domain, quick digitization of healthcare data took place. Patients started to engage in personalized care that provided a basis for new input of raw data sources. Medical research started to involve factors such as social determinants. An AI journal Artificial intelligence in Medicine was founded. Clinical settings started having the incorporation of AI.
The American Association for Artificial Intelligence was established in 1980 and the personal and virtual training of clinicians started. Massive breakthroughs took place, especially in the fields of radiology, oncology, and pathology since these fields were the most dependent on AI solutions for healthcare.
Providing AI solutions for healthcare:
The AI techniques such as optimization, language processing, machine learning, visual reading, and forecasting help put the full potential of any given data to maximum use. For example, Oncora Medical, one of the top artificial intelligence healthcare companies boasts the best patient care and it does so simply by collecting all the relevant data, optimizing the care and treatment plan, and can provide in-depth oncology outcomes to present a clearer picture of the prognosis of a disease.
In addition to that, Avenga, an AI services company can provide data-based facts and insights to ensure that patients’ preferences are taken care of.
The resulting evolution from the AI solutions for healthcare will enable healthcare organizations to:
- Improve diagnostic techniques
- Prevention of fatalities
- Improve patient outcomes
- Optimize resources
- Reduction of hospital readmissions
- Control costs
- Improve surgical performances
- Hasten the clinical trials
- Find more efficient ways for drug therapy
- Prevent the loss of patient record
- Safe storage of data
Challenges of AI in Healthcare over the Years:
Even though AI has been of significant use in healthcare, there are various challenges often faced by it as well.
- Recording unstructured data: Handwritten data, various forms of scans, etc. can be very difficult to read by the AI hence data quality gets inconsistent. But efforts are being made to compensate for this error.
- Outdated legacy systems: According to a survey by the healthcare information and management systems society (HIMSS), 80%healthcare organizations use outdated legacy systems that often lead to disrupted operations. Many AI services company’s aims are to make the technology better with each passing day.
Implement Artificial Intelligence at work to meet the changing expectations of teams around the world
AI consulting companies in healthcare:
AI consulting companies help other AI services company improve their business through AI techniques. Since AI helps access and at the same time, analyze large volumes of info-rich data, AI has been adopted most significantly by many companies.
AI transformation and modification have been achieved by AI consulting companies. In a 2021 survey conducted by IBM and Morning Consult; one-third of the total companies have developed AI. In 2019, the market size value of artificial intelligence was valued at 27.23 billion dollars. In 2027, it is predicted to reach 266.92 billion dollars. The four steps of consultation that are adopted by AI consulting companies worldwide include:
- Strategy formulation
- Commercial due diligence
- Implementation
- Training
How AI consulting companies are contributing to the healthcare system:
AI consulting companies help to maximize the output of procedures and reduce the chances of failures. For example, IBM Watson for Oncology is a diagnostic tool often used in diagnostic and treatment strategies of cancer patients. The project alone costs around 60 million dollars with no achievements.
To reduce errors like these, AI consulting companies are important along with the deep insights and guidance provided by AI Services Company.
- Prediction of patient outcomes and customer behavior.
- Machine learning
- Data analyses
- Maximum accuracy
- Reduction of errors
- New learning paths
- Construction of medical logarithms
- Optimization of resources
- Insights from data that cannot be recorded by the AI
- Modernized legacy systems
- Ensuring data security
- Protected privacy
Top Artificial intelligence healthcare companies:
The AI solutions for healthcare have stabilized the whole healthcare domain to such an extent that it feels impossible to operate without it now. On one hand, AI services company generate automated and integrated solutions for new business opportunities while on the other hand, AI consulting companies form the firm foundation of AI solutions for healthcare.
AI has changed the pattern so entirely different that the famous author Stephen Hawking said, “The development of full artificial intelligence could spell the end of the human race.” But it is no longer a kid’s tale. If prepared well for the AI age, mankind surely is to reach such heights as nobody has ever imagined before, especially in the field of healthcare and medicine.
No doubt, AI offers great global revenues. AI systems have generated 6.7 billion dollars in revenue in 2021 alone as compared to 811 million dollars in 2015. Hence, it is pretty obvious that AI is an interest for investors and entrepreneurs. Some of the top artificial intelligence healthcare companies resulted as a result of such interest.
According to Forbes, the following are some of the top artificial intelligence healthcare companies:
- Google Health/Deep mind:
Google health recently merged with a deep mind and the goal of these companies is to produce maximum outcomes for the patients including cancer treatments, better prognosis, prevention of blindness, and more.
Google health along with a branch of deep mind company recently hit upon an AI solution for breast cancer where it out-tested the radiologists that it was competing against. This certainly made it deserve to be called one of the top artificial intelligence healthcare companies.
- Oncora Medical:
The founder of Oncora Medical, David Lindsay made a data analytics platform to outline the radiation plan for his patients. Oncora medical boasts its success in radiation therapy.
- Babylon Health:
Recently, Babylon’s AI-based app has developed enough to ask its users about their complaints related to health over voice and video calls and refer them to the associated physician and can provide medical assistance as well. It also helps its users guide through a perfectly healthy lifestyle and provides them with personal insights into their health. Its success can be well estimated through the fact that in 2019, a total of 4.4 million consultations took place through this AI-based app which undoubtedly makes it one of the most important and top artificial intelligence healthcare companies.
- IBM Watson Health:
Watson health is one of the most important branches of IBM that has helped many important organizations with its cognitive computing techniques. The AI services company through its fact-based insight has this domain great service. IBM Watson Health has helped Mayo clinic in its clinical trials for breast cancer. It also aided Biorasi to make sure drugs are delivered to the market on time.
- CloudMedX Health:
CloudMedX’s AI-based assistance makes sure that the data-driven results are put to maximum use to extract the future consequences from them. CloudMedX boasts its success in a broad area of medicine including liver cancer, amyotrophic lateral sclerosis, orthopedic surgery, and congestive heart failure.
Hence, it is noteworthy that by providing such feasible AI solutions for healthcare, these companies have rightfully earned their name as the top artificial intelligence healthcare companies.
AI in Global Healthcare Market:
One of the main aims of AI consulting companies is to make sure that AI is soaring in the market in terms of global revenue.
Valued at 8.23 billion dollars in 2020 and estimated to reach 194.4 billion dollars to reach by 2030, the AI in the global healthcare market is soaring at a CAGR of 38.1%. In the coming 5 to 10 years, there will be global AI adoption. This success is mainly driven by an increase in computing techniques, formulation of better AI solutions for healthcare by AI consulting companies, increased productivity and operational sensitivity by the AI services company, and better investment opportunities provided by the top artificial intelligence healthcare companies.
AI in combating the COVID-19 Pandemic:
- When COVID-19 was declared a global pandemic, World Health Organization (WHO) indicated that artificial intelligence, if provided with all the mandatory tools by AI services company, can be a quantum leap in the overall management of the pandemic.
- Telehealth and telemedicine providing patients with health insights and consultations throughout the pandemic owed it to some of the top artificial intelligence healthcare companies such as Babylon health.
- Early diagnosis of COVID: In addition to the regular CT scans and chest X-rays, COVID-19 Detection Neural Network (COVNet) helps in the differential diagnosis of the actual COVID infection and acquired pneumonia on the basis of two-dimensional and three-dimensional images extracted from chest x-rays.
- Management of cases: predicting the course of treatment, the dosage of the drug, keeping a track of mortality and death rates, tracking a patient’s progress, all has been done very efficiently by the AI software, thanks to the holistic insights provided by the AI services company such as Avenga.
- Forecasting the course of treatment: whether the patient is to be treated at the hospital or sent them home, decisions about readmissions, or intensive care survival, AI has been an important part of all.
- Predicting the spread of the virus: during the worst waves of COVID, very advanced artificial intelligence software provided by the top artificial intelligence healthcare companies helped collect data continuously from various media channels and social media platforms and it would give an idea of the regions that were going to be affected in coming days or weeks. AI consulting companies would help gather data that could not be otherwise recorded. In this way, preventive measures such as smart or full lockdowns, quarantine, and six-feet distance in public places were taken beforehand to minimize the spread of the virus.
- Reducing clinician burnout: the AI solutions for healthcare helped reduce clinician burnout during the peak of the pandemic. The insights and data-driven conclusions by the AI service company would help categorize patients into different sections to prioritize the treatment of those who needed immediate help. Through telemedicine, overcrowding and revisiting of the patients were reduced to a large extent. An algorithm that was specifically designed to predict the prognosis would allow to plan the whole treatment on the basis of the data of the previous cases.
- Vaccine development: since AI has the ability to predict the protein structures and configuration of organisms that make their way into the human body, the same technique was used to configure the structure of SARS-CoV-2. DeepTracer was designed specifically to extract the structure of SARS-CoV-2 through amino acid sequencing and cryoelectronic microscopy density maps.
What future may hold for AI in healthcare?
With the rapid growth in AI, the increase in AI consultation companies, advanced AI solutions for healthcare, and the in-depth insights provided by AI services company, it is not difficult to imagine what kind of future lies ahead of us. Who knows AI is the key to the permanent cure of cancer after all these failed clinical trials that are done without using AI software or it may help finally put an end to the incurable diseases of the future?
One may expect that with advanced AI, future endemics and pandemics can be handled diligently. Not only this, AI can help raise the overall health of the people through its advanced techniques. And now since there is no fear of losing data tracks of patients, one may not find it that surprising if the data analyses from the past can help completely eradicate some of the preventable diseases in the future.
One can most definitely suspect the AI to go a bad turn if not practiced with utmost care and precaution but as long as expert analytics and medical practitioners are handling this, and we have AI consulting companies aiding the AI software in healthcare, it can be said with conviction that only a bright future awaits us!