Growth opportunities are hard to come by without significant investment, but artificial intelligence (AI) is a self-running engine for growth in healthcare. According to Accenture analysis, when combined, key clinical health AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026.
AI in health represents a collection of multiple technologies enabling machines to sense, comprehend, act and learn1 so they can perform administrative and clinical healthcare functions. Unlike legacy technologies that are only algorithms/ tools that complement a human, health AI today can truly augment human activity.
With immense power to unleash improvements in cost, quality and access, AI is exploding in popularity. Growth in the AI health market is expected to reach $6.6 billion by 2021—that’s a compound annual growth rate of 40 percent. In just the next five years, the health AI market will grow more than 10x2.
1 Accenture; “AI is the Future of Growth”
2 Frost & Sullivan
Download reportThis content is from Accenture and was written by Matt Collier, Richard Fu, Lucy Yin and Philip Christiansen
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