Leveraging AI for Entrepreneurial Innovation in Healthcare

Leveraging AI for Entrepreneurial Innovation in Healthcare

Copyright: © 2024 |Pages: 25
DOI: 10.4018/979-8-3693-3498-0.ch009
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Abstract

This chapter explores the transformative role of artificial intelligence (AI) in generating innovative entrepreneurial ideas within the healthcare sector. As AI technologies advance, they offer unprecedented opportunities for entrepreneurs to address complex challenges in healthcare, from enhancing patient care to streamlining operational efficiencies. This chapter aims to provide a comprehensive overview of how AI can inspire and shape entrepreneurial ventures, focusing on the identification, development, and implementation of AI-driven solutions in healthcare. Through investigation, the chapter highlights how AI upgrades symptomatic exactness, personalizes treatment plans, and makes strides in persistent observing, driving superior healthcare results and operational effectiveness. It moreover looks at effective case considers of AI-driven healthcare new companies, illustrating real-world applications and impacts.
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Introduction

Artificial Intelligence (AI) has quickly risen as a transformative constraint over different segments, and healthcare is no special case. The integration of AI in the healthcare business presents a horde of openings for development, proficiency, and strides in understanding results. This presentation digs into the effect of AI on healthcare, highlighting the part of entrepreneurial wanders leveraging this innovation to revolutionize the segment.

AI alludes to the reenactment of human insights forms by machines, especially computer frameworks. These forms incorporate learning (securing data and rules for utilizing the data), thinking (utilizing rules to reach surmised or positive conclusions), and self-correction. AI advances envelop machine learning, normal dialect handling, mechanical autonomy, and computer vision, among others (Russell & Norvig, 2021).

The Effect of AI on Healthcare

The effect of AI on healthcare is multifaceted, touching on different angles such as diagnostics, treatment, persistent care, and regulatory forms. One of the essential benefits of AI in healthcare is its potential to analyze huge datasets, driving more precise analysis and personalized treatment plans. For occurrence, AI calculations can handle tremendous amounts of therapeutic pictures to distinguish designs and peculiarities which will not be effectively identified by human eyes, moving forward with demonstrative precision for conditions like cancer (Esteva et al., 2017). AI plays a noteworthy part in predictive analytics, which can estimate infection episodes, understand confirmation rates, and identify potential complications in patients with inveterate conditions. Prescient models can help healthcare suppliers to distribute assets more effectively and actualize preventative measures to achieve persistent results (Rajkomar et al., 2018).

Besides, AI-driven devices are upgrading quiet care by encouraging inaccessible checking and telemedicine. Wearable gadgets prepared with AI can persistently screen patients' crucial signs and caution healthcare suppliers against any variations from the norm, empowering opportune mediations (Topol, 2019). Telemedicine stages fueled by AI can offer virtual meetings, making healthcare more open, particularly in inaccessible or underserved zones. In authoritative spaces, AI streamlines form such as persistent planning, charging, and claims preparation. Robotization of these assignments diminishes the regulatory burden on healthcare suppliers, permitting them to center more on persistent care (Jiang et al., 2017).

Examples of AI in Healthcare

A few illustrations outline the transformative effect of AI in healthcare. IBM's Watson for Oncology is an AI-driven stage that helps oncologists make evidence-based treatment choices. By analyzing a patient's restorative records and endless database of therapeutic writing, Watson for Oncology gives treatment proposals that are custom-made to the individual's particular case (Ferrucci et al., 2010). Another eminent case is Google's DeepMind, which created an AI framework to identify over 50 eye maladies with precision comparable to that of master ophthalmologists. This framework can analyze retinal looks and give fast, precise analysis, pivotal for anticipating patient vision misfortune (De Fauw et al., 2018).

Key Terms in this Chapter

Artificial Intelligence (AI): AI refers to the use of human intelligence processes by machines, especially computer systems.

Predictive Analytics: An area of statistics that is focused on extracting information from data and using it to predict trends.

Machine Learning (ML): It is subset of AI that involves development of algorithms and models that enable computers to perform specific tasks.

Natural Language Processing (NLP): The branch of the AI that focuses on the interaction between computers and humans through natural language processing.

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