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First Report on Artificial Intelligence in Healthcare Released

By   /  May 16, 2017  /  No Comments

by Angela Guess

According to a recent press release, “TechEmergence is the only market research and media firm that is 100% focused on artificial intelligence (AI). The firm has recently completed a four-month long research study of over 50 executives running AI-in-healthcare companies. These ranged from pre-revenue companies to companies making multiple millions per year in revenues. The company has now released the findings of their research, Machine Learning in Healthcare: Expert Consensus from 50+ Executives. One of the key findings of the report is the projection that there will be broad scale AI adoption in the healthcare industry by 2025. TechEmergence CEO Daniel Faggella says: ‘Over 50% of respondents believe that AI will be ubiquitous in healthcare by 2025. On an open-ended question, over 25% of respondents stated that they believe that AI will be nearly ubiquitous in the healthcare setting by 2025. We were surprised by this optimism, and the consensus on such a specific date range’.”

The release continues, “The research also highlighted a dire need for AI healthcare case studies. Companies were asked to list the most important hindrance or difficulty about selling AI into the healthcare field. The answer with the most responses was: ‘Needs to be convinced further of ROI from AI / ML investments.’ Nearly 50% of US companies listed that response as a top hinderance in AI adoption in healthcare. The AI executives polled in this research voted ‘Improving Health Outcomes’ as being the factor of highest importance in getting a customer to buy an AI product, with a rating of 4.2 out of 5 (the highest of any of the healthcare benefits). ‘Saving Money’ was rated a close second with a 4.1 score.”

Read more at Digital Journal.

Photo credit: TechEmergence

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