Story image

Big data and AI: How cutting-edge technology can change the healthcare industry

Google, Amazon, and IBM joined forces with Microsoft, Salesforce, and Oracle to pledge to speed up the progress of health data standards and interoperability. This historical collaboration between the biggest artificial intelligence (AI) players will lead to enormous advances in AI, which itself will lead to earlier diagnoses and better treatments at lower cost, according to GlobalData.

The companies claim that this project will lead to better outcomes, higher patient satisfaction, and lower costs—a so-called ‘Triple Aim’.

GlobalData CVMD Director Valentina Gburcik comments, “This big new alliance’s pledge will have a very positive impact on healthcare as it will become easier to share medical data among hospitals. 

“Both physicians and patients will have easier access to information, which will lead to faster diagnosis and treatment. In the same time, the six tech giants will eventually profit from speeding up their AI research.”

“In particular, this deal is good news for the companies’ AI sectors. If health data is fully standardised and interoperable, the ‘smarter’ AI can progress faster. Breaking down barriers between chunks of big data will create extremely large data sets, allowing extensive machine learning to boost AI effectiveness and revolutionize healthcare systems.”

The Information Technology Industry Council (ITI) issued a letter, signed by all six tech giants, which states that they are jointly committed to removing barriers for the adoption of technologies for healthcare interoperability.

In the letter, the technology giants also claimed that they will base this alliance on four foundational assumptions. The first one is about the frictionless and safe exchange of healthcare data; the second covers healthcare data interoperability; the third looks at open standards, open specifications and open source tools; while the fourth is about commitment to actively engage “among open source and open standards communities for the development of healthcare standards, and conformity assessment to foster agility to account for the accelerated pace of innovation.”

There are currently over 100 companies that are applying AI algorithms and predictive analytics to healthcare, with the above mentioned six giants leading the way. The highly developed AI programs now have the increasing capacity to delve into big data, identify patterns, and generate algorithms to explain them.

Gburcik adds, “These programs can help researchers generate more accurate hypotheses faster, making the drug discovery process less expensive and more effective. In addition, the database of electronic medical records and public health data can be analysed to identify hidden patterns that can lead to the quick identification of potential molecular targets for a disease."

Virtustream launches cloud automation and security capabilities
Virtustream Enterprise Cloud enhancements accelerate time-to-value for enterprises moving mission critical apps to the cloud.
TCS collaborates with Red Hat to build digital transformation solutions
“By leveraging TCS' technology skills to build more secure, intelligent and responsive solutions, we aim to deliver superior end-user experiences."
Twitter suspects state-sponsored ties to support forum breach
One of Twitter’s support forums was hit by a data breach that may have ties to a state-sponsored attack, however users' personal data was exposed.
How McAfee aims to curb enterprise data loss
McAfee DLP aims to help safeguard intellectual property and ensure compliance by protecting sensitive data.
HPE promotes 'circular economy' for end-of-use tech
HPE is planning to show businesses worldwide that throwing old tech and assets into landfill is not the best option when it comes to end-of-use disposal.
2018 sees 1,500% increase in coinmining malware - report
This issue will only continue to grow as IoT forms the foundation of connected devices and smart city grids.
CSPs ‘not capable enough’ to meet 5G demands of end-users
A new study from Gartner produced some startling findings, including the lack of readiness of communications service providers (CSPs).
Oracle announces a new set of cloud-native managed services
"Developers should have the flexibility to build and deploy their applications anywhere they choose without the threat of cloud vendor lock-in.”