Driving Healthcare Transformation Through Generative AI
GenAI being at the peak implies that it is a technology phenomenon that is generating a lot of excitement and interest , but there is a lot of uncertainty about its potential business outcomes and its long-term viability . GenAI is so hyped up today can it be used to create new products and services , automate tasks , and generate creative content . The opportunity of GenAI applies to healthcare 4 , 5 , 6 , 7 as well .
Figure
1-2 : What CEOs talked about in Q3 2023 ( vs . Q2 2023 ) 8 .
The healthcare industry is heavily regulated in the United States . There are several reasons for this high level of regulation in the opinion of the authors , namely :
• Ensuring patient safety and effective care , given human lives are at risk , in the practice of medicine and surgery .
• Ensuring access to quality care beyond any kind of socio-economic factors like race , gender , affordability , religious or political beliefs .
4
https :// www . mckinsey . com / industries / healthcare / our-insights / tackling-healthcares-biggest-burdens-withgenerative-ai
5 https :// blog . google / technology / health / cloud-next-generative-ai-health /
6
https :// www . healthcareitnews . com / news / generative-ai-can-be-applied-nearly-every-healthcare-use-caseyou-can-think
7
https :// www . fiercehealthcare . com / ai-and-machine-learning / us-patients-believe-generative-ai-can-improveaccess-affordability
8 https :// iot-analytics . com / what-ceos-talked-about-q3-2023 / Journal of Innovation 89