AI and healthcare: a giant opportunity

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Artificial intelligence’s (AI) transformative power is reverberating across many industries, but in one—healthcare—its impact promises to be truly life-changing. From hospital care to clinical research, drug development and insurance, AI applications are revolutionizing how the health sector works to reduce spending and improve patient outcomes.

The total public and private sector investment in healthcare AI is stunning: All told, it is expected to reach $6.6 billion by 2021, according to some estimates. Even more staggering, Accenture predicts that the top AI applications may result in annual savings of $150 billion by 2026.

These benefits will accrue incrementally, from automated operations, precision surgery, and preventive medical intervention (thanks to predictive diagnostics), but within a decade they will fundamentally reshape the healthcare landscape as we know it.

“It’s going to take years to get the full promise, but it does bring a particular tool into the dialogue that was never before available,” says Kaveh Safavi, head of Accenture’s global health practice.

READ MORE: Forbes.com

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