RxDataScience Blog

How can AI technology improve the healthcare industry?

Our last blog post explored the implications of a recent study on artificial intelligence (AI) and machine learning business application. While the healthcare industry can expect incredible benefits from the adoption of AI technology, it remains under-adopted and receives below-average attention when compared to other industries.

This post aims to highlight the areas within healthcare where AI has potential. This technology can improve operations, patient experiences, medical procedures, and solve regulatory challenges.

An independent study on machine learning and artificial intelligence (AI) was released by the McKinsey Global Institute (MGI) in June 2017, focusing on the following central question: “Is artificial intelligence the next digital frontier, and if so, are businesses ready for it?”

Introduction

Using Support Vector Machines

Machine Learning and Healthcare: Breast Cancer Diagnosis

One life gone. Now, another. By the end of today, the Centers for Disease Control and Prevention predict that, on average, 115 Americans will die from an opioid overdose. The cycle will repeat tomorrow and the next day as well as the next.  

What was once a chilling feeling has turned numb, leaving the public unphased by the steadily increasing body count scattered across the headlines.

Real-World Use Cases for AI & ML in Pharma

For decades, Pharmaceutical data analytics has been a largely manual and tedious task conducted by the commercial research, health outcomes, R&D and Clinical Study groups at Pharma companies both small and large. With the emergence of machine learning, artificial intelligence and other disruptive innovations, Pharma, like other industries has also started its slow but sure transition to a more agile, data-driven model – one where in-house research is supplemented by intelligence gathered by applying algorithms across terabytes of Physician Rx, Patient Claims and other related datasets.