AI making ‘very tangible contributions’ to healthcare industry: Philips CEO

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The head of Philips NV, the Dutch multinational innovation company that has recently shifted its focus toward healthcare technology, says his firm’s focus on incorporating artificial intelligence into its products is leading to positive change in the healthcare industry.

Philips' new CEO Roy Jakobs says he's focused on 'building confidence' with consumers following a major recall of its CPAP machines.

“For example… in Canada, we have wait times for people that need an image a scan. We have developed a smart-speed algorithm that actually increases the image speed by three times, which means that you can double the amount of patients that can go through a scanner in an hour.” “And if you see patient deterioration, we can in a time of 24 or 36 hours predict if, for example, an arrest will be coming, and therefore you can do an early intervention preventing patient deterioration or even worse events to happen.”Investors seem to have embraced Philips’ recent use of new tech in its medical devices, as the stock is up more 65 per cent over the past year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'An investment in Workday is an investment in AI': CEO says.Workday (WDAY) CEO Carl Eschenbach joins Asking for a Trend to discuss the HR software company's outlook and different avenues for growth. Eschenbach expects...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »