Summary of article from Forbes, by Brian Fugere:
The application of AI and machine learning in healthcare is transforming not only clinical areas but also operational and workforce management, with the global healthcare AI market projected to reach $427.5 billion by 2032. AI/ML can address pressing challenges in healthcare, such as complex workflows and administrative tasks, which currently consume 60%-80% of healthcare professionals’ time and contribute to workforce shortages. Learning from other industries, healthcare can implement AI/ML to optimize workflows, automate tasks, and improve operational efficiency. However, unique challenges in healthcare, including strict regulations and complex decision-making processes, necessitate careful consideration when adopting these technologies. By strategically and responsibly harnessing AI/ML, healthcare organizations can innovate and improve operations, leading to enhanced patient outcomes and a more efficient healthcare ecosystem.