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How Technology Is Disrupting the Medical Industry Today

  • Highlights

  • Healthcare’s increased dependency on technology

  • Artificial intelligence improves diagnosis and treatment

  • Blockchain technology can supercharge medical record sharing

  • Predictive analytics for accurate diagnosis

The medical industry has become increasingly dependent on technology. In fact, billions of patients worldwide depend on medical technology at home, in clinics and in hospitals. What’s more, this technology is expected to have far-reaching implications in diagnosis, treatment, and medical care. Artificial Intelligence (AI), blockchain technology, and big data analysis particularly affect the medical industry. Here’s how:

Artificial Intelligence

Artificial intelligence is said to be the intelligence shown by machines, that is similar to (or that mimics) the functions of the human brain. In healthcare, AI provides clinical and medical solutions, from the analyzed and stored medical knowledge in their system. Thus, AI improves patient diagnosis and treatment by providing the medical practitioner the right information at the right time. Clinically relevant, real-time, quality information from data stored in electronic health records (EHRs) can be accessed with ease with the help of AI.

Additionally, AI can potentially improve medical research as well, by identifying relevant data that lies out of reach of traditional search engines and databases. This makes AI invaluable in the field of medical research, as it can reduce the time, effort, and cost involved in the process.

Blockchain Technology

Blockchain technology in the medical field puts the patient in the centre of the healthcare equation. It increases the security, privacy, and interoperability of health data, and, therefore, has the potential to supercharge medical record sharing.
When electronic health records came into play, they eased the sharing of medical records, which in turn improved the overall process of patient care, from diagnosis to treatment to outcome. However, security has always been a concern here, due to the personal nature of these records. Blockchain technology, however, promises security and efficiency in sharing these records, easing the privacy concerns.
Moreover, the secure nature of the technology may also ease drug research, since people are more likely to participate in clinical trials, if the safety of their data is assured. What’s more, the reduced costs of medical research will allow new companies to bring innovative solutions to the medical field.

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Big Data Analytics

From finance to politics, the analysis of big data has helped many fields so far. In healthcare, the drug development sector greatly stands to benefit from big data analysis. The analysis and free availability of existing medical data, allow new pharmaceuticals to conduct research and bring out innovative new drugs and treatments.
The analysis of big data can also help improve patient care, by predicting the patient’s needs more accurately.

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