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Converging of various megatrends, such as, aging of the population, high cost of healthcare, coupled with patients becoming more value-focused, is creating a scenario in Europe where AI based technologies could help optimise healthcare. It is not hard to imagine a future with intelligent technologies helping us diagnose diseases faster, and assisting doctors in treatment decisions, armed with evidence based analysis of likely outcomes.
We analysed the potential benefits from AI applications in healthcare by deep diving into three care pathways. These three pathways act as a representation of the huge benefits that could accrue from AI use and at the same time, the medical dilemmas it is expected to create.
However, achieving these benefits will not be easy. A number of challenges will need to be addressed in course of time to achieve benefits of this magnitude. Predominant among them are, availability of large, mature datasets that will enable algorithms to deliver on complex medical conditions, development of data standards and privacy regulations, and heavy investments from stakeholders. According to various experts we interviewed, technical, legal and financial feasibility of adopting AI will be critical. Equally important, will be to assess the psychological feasibility - is the public actually ready and receptive to AI adoption in health? The first few steps that would help in the realisation of this vision include: