Artificial Intelligence and Machine Learning are having a significant impact on our daily lives. As these technologies mature they will cause great change in many industries. The Healthcare industry is one area where these technologies have already started to make their presence known.
There may soon come a day when reading a hospital bill will be akin to reading your tab at a restaurant. Human errors will be significantly reduced because machines will be double checking everything for common errors. These are just some of the things that are being predicted to come about in the next few years.
The use of artificial intelligence is gaining acceptance as it becomes more reliable. More money is being spent by the healthcare industry on AI solutions to existing problems. Spending on AI across a number of industries, including healthcare, banking, retail and more reached $9.6 billion in the U.S. this year. By 2021, spending is expected to reach $43.2 billion.
The attraction for AI and machine learning comes from its ability to learn a process without having to be programmed by a human thus allowing tasks to be done faster and cheaper than they are today.
AI and machine learning take the all the tasks of gathering and comparing information out of the hands of human technicians rendering results in a matter of seconds where it normally would take much longer than that.
All the enhancements to speed and accuracy that Ai and machine learning bring to the table can significantly reduce the time it takes to complete many of the processes which are now being handled by humans. The hope is that time saving will lead to significant costs savings as well as increased ability to save lives.
Artificial Intelligence is already impacting many areas of our lives, in just a few short years it may be saving our lives too.