By 2030, the Gen AI market is projected to soar to a staggering $120 billion, driven by rapid advancements in various industries and fueled by fierce competition hinging on data accessibility and its optimal utilization.
With this growth, the healthcare sector is witnessing a surge in indicators signaling widespread adoption. This expansion is set to revolutionize healthcare research, drug discovery, and patient safety, fundamentally reshaping the landscape.
In terms of healthcare research, GenAI has demonstrated its potential by identifying a viable drug candidate for Idiopathic Pulmonary Fibrosis (IPF) treatment in just 21 days — a process that conventionally takes years.
Additionally, a study published in JAMA Internal Medicine revealed that AI chatbot responses surpassed those of physicians by 3.5 times in terms of quality and 10 times in empathy when addressing patient inquiries on a public social media forum. Furthermore, the FDA-approved GenAI tool, Paige Prostate, has significantly reduced false negatives by 70% in detecting cancer in prostate needle biopsies.
The transformative potential of Gen AI is underpinned by several key advancements:
1. Generative AI Platforms: Platforms like ChatGPT have the capacity to swiftly analyze extensive datasets, identifying anomalies and patterns, thereby bolstering cybersecurity defenses in pharmaceutical organizations.
2. Increased Automation: AI serves to bridge workforce gaps in cybersecurity, necessitating human oversight in conjunction with its capabilities.
3. Zero-Trust Approach: Embracing a zero-trust approach means scrutinizing all users, devices, and applications for potential threats, thereby fortifying data, network, and access security.
4. Third-Party Risk Management: Implementing robust programs for managing third-party risks and adhering to cybersecurity standards significantly reduces vulnerabilities associated with vendors accessing sensitive data and systems.
5. Incident Response and Business Continuity Plans: Effective plans mitigate the potential impact of cyberattacks, ensuring the uninterrupted operation of critical business functions.
6. Real-Time Monitoring: Gen AI algorithms analyze live patient data, enabling remote monitoring, timely interventions, and valuable feedback for improved treatment outcomes and patient experiences.
Harnessing GenAI to extract insights from provider-patient conversations, generate post-visit summaries for patients, and automatically update records, AI is making way for optimal healthcare accessible to more and all.
At Nineleaps, we are dedicated to your transformation. We specialize in formulating and delivering tailored solutions that align with your unique requirements.
Take your first step towards this Gen AI transformation by contacting us at firstname.lastname@example.org