These 10 AI applications are poised to have the greatest impact in healthcare

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If you have doubt that artificial intelligence is going to play a role in healthcare’s continued development, think again.

A new report from Accenture, titled “Artificial Intelligence: Healthcare’s New Nervous System,” provides a bit of clarity on why technology will be a growing force in the medical world.

Accenture predicts the health AI market will grow at an annual rate of 40 percent through 2021, reaching $6.6 billion by that year. In 2014, the market was only at $600 million.

Digging a little deeper, Accenture makes it clear that a few specific AI applications will have the biggest near-term effect on healthcare. To gain a thorough understanding of their impact, Accenture comprehensively analyzed the applications.

The organization estimates each item will have the following value (or potential annual benefits) by 2026:

  • Robot-assisted surgery — $40 billion
  • Virtual nursing assistants — $20 billion
  • Administrative workflow assistance — $18 billion
  • Fraud detection — $17 billion
  • Dosage error reduction — $16 billion
  • Connected machines — $14 billion
  • Clinical trial participant identifier — $13 billion
  • Preliminary diagnosis — $5 billion
  • Automated image diagnosis — $3 billion
  • Cybersecurity — $2 billion

In case you weren’t doing the math, this adds up to a total value of about $150 billion.

The number one application, robot-assisted surgery, specifically applies to orthopedic surgery.

“Cognitive robotics can integrate information from pre-op medical records with real-time operating metrics to physically guide and enhance the physician’s instrument precision,” the report notes. “The technology incorporates data from actual surgical experiences to inform new, improved techniques and insights.”

Accenture cited Mazor Robotics as a prime example of the value AI can bring to the operating room. Specifically, Mazor’s robotic arm allows a surgeon’s instruments to be completely guided.

By Erin Dietsche | MedCity News

Image Credit: nambitomo, Getty Images 

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About Peter Coffaro 662 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the orthopedic industry. Recognized by MedReps.com as one of the top medical sales influencers in the industry; he has 10 years of combined sales management experience and has held positions as a Director, General Manager and Distributor. Peter has worked for some of the top orthopedic companies in the world - Zimmer, DePuy and Stryker. He is also the founder of OrthoFeed: a popular blog that covers orthopedic news and emerging medical technologies. Peter is a three-time Hall of Fame award winner at Johnson and Johnson and has an extensive background in organizational development, business development, sales management, digital marketing and professional education. Peter holds a B.S. degree in Biology from Northern Illinois University.

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