Artificial Intelligence and Healthcare: A New Class of Business Advisory Services

 

Artificial intelligence (AI) is the great reality of healthcare, not the elusive promise of a distant future.

Not a utopian depiction of miraculous technology; not a creation of Hollywood, in which AI consists of a retinue of robots and a series of holograms; not an oversized computer, with an aluminum enclosure and a red LED lens, the equivalent of that warning light atop many a commercial or residential tower; not a merger between man and machine, where the Singularity makes it inconceivable to separate the wires from the neurons, so to speak; not the stuff of science fiction, but the material of scientific fact.

According to Nick Chini, Managing Partner of Bainbridge:

“AI-based technologies – many of them revolutionary, all of them evolutionary – offer solutions to otherwise insoluble problems involving healthcare. Across several data-centric industries, we use AI to interpret vast amounts of data.

“The insights we produce would either be impossible to achieve, or prohibitively expensive to uncover, with conventional tools. Put another way intelligent technology yields a great deal of intelligence. To be relevant, you must have the wisdom to make sense of that information.”

I agree with that assessment not because I want or hope it to be true, but because I know it to be such.

I write those words because of the dynamic nature of AI: A phenomenon with the ability to convert so many ones and zeroes – a means of translating the language of the Web into the vernacular of health and wellness – for the good of doctors, patients, hospital administrators and insurers alike.

It is the speed by which this process happens that enables researchers to spot trends or develop new treatments, that allows physicians to make more accurate diagnoses, that permits business consultants and advisors to draw more credible conclusions about the opportunities a health care organization should seize.

Concerning the latter, it is this union of business professionals and technology experts that constitutes the sort of reform that transcends politics or controversial policy proposals; delivering, instead, practical answers – and measurable savings – for the good of all, at the expense of none.

Evidence of that assertion rests with the laws governing AI, in general, and Moore’s law, in particular, where computing dramatically increases in power, and decreases in relative cost, at an exponential pace.

Staying ahead of that rate of change is critical, which is to say, Mr. Chini’s comment contains two messages.

On the one hand, it is a declaration of independence – it is a point of distinction between Bainbridge and the competition – while, on the other, it is a proclamation about the future.

It is a statement about the use of AI right now, attracting the attention and services of those conversant with these issues and fluent with this technology.

That news is cause for celebration, because it transforms AI into an actionable means of improving healthcare, enhancing efficiency and strengthening productivity.

It reveals the immediacy of this subject, and highlights the urgency of this cause.

Now is the time for the rise of AI.