Artificial Intelligence in Healthcare
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Abigail Wing
CoPIs:
Jeffery Callaway Jr, , Krisztina Balogh, Dustin Hartenstein, Joseph Coste,
College:
College of Business and Public Management
Major:
Accounting
Faculty Research Advisor(s):
Bo Wang
Abstract:
Artificial Intelligence (AI) is changing healthcare by improving patient care, making operations more efficient, and aiding medical research. With a growing market and diverse applications across diagnostics, personalized medicine, and administrative tasks, companies utilizing AI technologies stand to benefit from increased efficiency, cost savings, and long-term growth potential. AI uses technologies like machine learning, natural language processing, and computer vision in various healthcare areas such as diagnosis, personalized treatment, drug discovery, and patient management. In diagnosis, AI helps doctors interpret medical images and make accurate diagnoses quickly. AI algorithms analyze patient data to predict disease progression and recommend personalized treatments based on individual characteristics and genetics. AI also makes administrative tasks easier, improves patient engagement, and enhances healthcare delivery through tools like virtual assistants, telemedicine, and predictive analytics. Investors can capitalize on the growing demand for AI-enabled healthcare solutions by targeting companies developing innovative AI software platforms, medical devices, and digital health technologies. Overall, AI in healthcare presents an appealing investment opportunity that combines financial potential with beneficial societal outcomes.