Automation technologies such as Artificial Intelligence (AI), Voice AI, and Robotic Process Automation (RPA) have the power to eliminate redundant or time intense processes found in a healthcare setting. With countless applications in health care, whether it’s being used to discover links between genetic codes, to power surgical robots or even to maximize hospital efficiency, artificial intelligence has been a boon to the healthcare industry.
The Arizona Technology Council’s June 2020 MedTech Roundtable event featured a distinguished panel of experts from AdviNOW Medical, Mediato Technologies and Observe.AI who shared their insight and expertise on how artificial intelligence, one of the world’s highest-growth industries, is revolutionizing modern medicine and patient care. The experts also discussed the latest applications of these technologies as well as looked at the challenges of implementation and adoption and the opportunities for the future.
Artificial intelligence simplifies the lives of patients, doctors and hospital administrators by performing tasks that are typically done by humans, but in less time and at a fraction of the cost.
“Although machine learning is very important, it’s still one step back from artificial intelligence,” said James Bates, founder, CEO and chairman of AdviNOW Medical.
“AI can provide a lot of insight, but it doesn’t really matter if the end user cannot utilize that data,” said Pete Lee, vice president of global alliances and sales at Observe.AI.
Artificial intelligence is also being utilized in the development of new medicines and pharmaceutical drugs.
Lee added, “AI changes the game of drug development and it will continue to accelerate. The great thing about AI is that it can look at a large amount of data far quicker than humans. As researchers are conducting experiments, there are limitations for humans to review all the data and analyses. In comparison, a computer can ingest a massive amount of data and suggest outcomes based on certain information.”
“Technology is changing so quickly and companies and governments are getting much better at implementing AI and machine learning,” said Minky Kernacs, founder and enterprise architect of Mediato Technologies. “It will eventually become commonplace as a calculator. AI and machine learning will evolve over time and it will give us options to choose from.”
“Humans will not be replaced,” added Kernacs. “But there will be a lot more collaboration between humans and AI in the near future.”
Moderated by Ellen Owens-Karcsay, principal and founder of Karcsay Consulting Group and the MedTech Committee chair, it was a fantastic discussion and well worth a listen.
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