Your doctor is about to be automated and these companies will benefit

Citi analyst Adam Spielman believes that health care will become increasingly automated by artificial intelligence in the coming years. The market for AI-assisted diagnostic tools is expected to quadruple to US$4-billion in the next four years, benefiting a wide variety of companies including Microsoft Co., NVIDIA Corp. and the health care division of General Electric Co.

AI has been more accurate than human radiologists for a decade, according to Citi, and is challenging doctors’ skills in oncology and stroke recognition. The potential for AI in medical fields is vast. Microsoft, for instance, just paid US$20-billion for a company called Nuance that listens to doctor patient conversations and immediately creates clinical notes. Also, NVIDIA is developing AI that can analyze the function of protein molecules and DNA.

The proliferation of AI in health care faces opposition from doctors who fear being replaced and also patients. The British Association of Dermatologists is fighting the implementation of an AI-based triage tool. Also, a Pew Research survey found that 79 per cent of those surveyed did not want AI involved in mental health.

But it is also the case that wearable technology is expected to provide a gateway to AI acceptance in medical care by eventually providing functions like blood sugar measurement. Those concerned about racial bias in treatment are also likely to support more automation. Investors can expect the adoption of AI health care as a longer-term trend that will burn slowly. There’s no hurry to get exposure to the theme but investors should be on the lookout for opportunities in the coming years, because the rising costs of health care make the growth potential near-inevitable.This is the Globe Investor newsletter, published three times each week.

All the more reason to purge notes made by prejudicial doctors.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Toronto company Ada Support using AI to fully automate customer service callsToronto-based firm has released what it calls fully automated software that includes chatbots to correspond with customers and automatically resolve some issues
Source: globeandmail - 🏆 5. / 92 Read more »

Tech companies shouldn't be labelling media companies in ad hoc way: academicOne academic says it’s 'terrible' to have tech companies labelling media accounts in the ad hoc and reactionary way Twitter has recently. ……says a media company. Says the media company owned by Bell Canada Why are you so afraid all of the sudden. This was done to the CBC because it was overdue. Is hiding the quiet part that we all know?
Source: CP24 - 🏆 30. / 67 Read more »

Tech companies shouldn't be labelling media companies in ad hoc way: academicOne academic says it's 'terrible' to have tech companies labelling media accounts in the ad hoc and reactionary way Twitter has recently. ONE single academic. Not a collective anymore. Don’t worry about it CTV Twitter is coming for you next Academic. Lol.
Source: CTVCalgary - 🏆 26. / 68 Read more »