Today’s AI is underwhelmingly serving the healthcare industry. Deadlocked by immutable regulations, and rightfully so, safeguarding patient privacy stymies AI developers from applying AI model development with real ground truth patient data. AI has the potential to generate almost $150 billion in estimated potential annual benefits by 2026 to the global healthcare system, but that outcome is largely tied to how efficiently AI developers can access significant amounts of medical data.
According to Mckinsey, 28 percent of healthcare executives reported using AI in their product and/or service development, ranking the third lowest among all industries. Of that fraction, only 8 percent stated that data was accessible by their AI systems. Healthcare data is inoperable and that’s stifling the integration of AI into healthcare, which ironically collects the most data among any industry.
