AI is increasingly helping several industries grow, one of the most notable being life sciences and healthcare. Intelligent machines are increasing access to previously stored data which will help any organization upgrade the pace of innovation towards a better future. It’s not like robots are replacing doctors but AI can partner with doctors to deliver improved patient care.
Many believe that technology might take over humans in a negative manner but in reality, AI will augment human intelligence. Its application in the field of life sciences not only helps in upgrading human skills but also improves the quality of life for end users. Many venture companies are investing in AI tech solutions in order to shorten drug development time and to study drug forecasts. For example, several pharmaceutical companies can accurately predict the success of a drug in specific markets with AI. AI will strengthen medical imaging diagnosis and hospital workflows will enhance care delivery.
Artificial intelligence can greatly reduce the time and costs for companies who spend in R&D for new drugs. Most cases are involved in the drug delivery phases that are doing clinical trials to study to treat Alzheimer’s disease, cancer, and diabetes. For example, AI and machine learning can help improve cancer diagnosis and treatment by analyzing large volumes of data which is not humanly possible. Not only AI can help sort through this unlimited source of information but also help in targeted and accurate research, they can improve the success rate of drugs used during clinical trials made for Alzheimer’s disease.
Riding the AI Wave
As AI and machine learning technologies are maturing and penetrating industries more and more, leaders and makes of companies need to be more sensible about they choose to let AI reign in their business. It also means that they should know how to strike the fine balance between humans and machines.