HealthIT Answers April 7, 2023
By Vatsal Ghiya, CEO and Co-Founder, Shaip
Twitter: @weareshAIp
Machine learning and artificial intelligence are changing the face of healthcare. Patient populations are growing larger, and our health is becoming more complex. Providers, researchers, and payers alike are looking for strategies to increase the quality of care and reduce costs simultaneously.
According to marketsandmarkets, the AI market in healthcare is expected to grow at a compound annual growth rate of 47.6% from 2023 to 2028, reaching a value of $102.7 billion in 2028.
This rapid growth is driven by the increasing amount of healthcare data generated daily. Artificial intelligence (AI) algorithms have the ability to analyze data in order to detect patterns and provide forecasts. Despite this growth, several challenges still...
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