OSHEAN eCurrent Fall 2019 | Page 12

• Chicago uses smart technology to manage funding in the second quarter of 2019 alone. Today’s healthcare innovations are harnessing large groups of people at outdoor events The industries that are benefiting from AI right powerful technologies that range from and to intervene as needed. This includes now include agriculture, automotive, customer blockchain and artificial intelligence to a mobile command unit displaying scenes experience, energy, fintech, healthcare, IT advanced sensors/IoT, to create healthcare from multiple live feeds from HD cameras infrastructure, manufacturing and retail. products that benefit patients and providers housed in the city’s LED streetlights. • • Forbes recently published its AI 50: America’s In San Francisco, a smartphone app enables Most Promising Artificial Intelligence users to find available parking spots in Companies that includes a list of private, garages throughout the city. U.S.-based companies that are using artificial intelligence to demonstrate business potential. The city of Carlsbad, CA installed This list presents a very compelling overview connected water meters to reduce the cost of sending crews to manually read meters. They also generate data on water use, and of where AI innovations and investments are ARTIFICIAL INTELLIGENCE occurring, now and into the future. funding and number of deals for healthcare startups rapidly grew in the first half of 2019, rising to be $3.4 billion across 2,258 deals. Here are a few examples of the technologies that will continue to revolutionize healthcare, now and into the future: • AI use analytics software to determine Artificial intelligence (AI) is a branch of One of the biggest potential benefits of anomalies in consumption. Residents computer science that involves building “smart AI in healthcare is helping people to stay received a call to inform them of a surge machines” that are able to perform tasks that healthy without the assistance of a doctor / in usage. This alone resulted in 16 million typically require human intelligence. It includes healthcare professional, or to do so without gallons of water saved in six months. the simulation of human intelligence processes requiring their services as often. For such as learning, natural language processing/ example, AI is increasingly being used understanding, reasoning, vison and self- to collect and analyze clinical data to correction. gain deeper insights into routine patient Expect cities to get a lot smarter in the coming years. A new bill was introduced in Congress in May that seeks $1.1 billion in patterns. These deeper insights enable federal funding over five years for smart city AI is being used in many applications today technologies. According to a new report, the and has already become a part of most of our five areas anticipated to influence the most daily lives through personal assistants like Siri change in cityscapes include: climate change and Alexa. Every major technology company is and micromobility, airports, data centers, currently dedicating resources to create HEALTHCARE INNOVATIONS patient-driven health care, and museums breakthroughs, including IBM Watson, Healthcare is one of the primary industries and libraries. Microsoft AI, Google, Amazon, Apple, being positively affected by many of the and more. technology paradigms outlined above. The But it’s not just the tech giants that are creating industry is being driven to innovate and AI-enabled innovations—there are thousands improve quality of care by a number of factors, of start-ups creating breakthrough technology. including aging populations, increasing patient According to CBInsights, more than 3,600 AI demands and consumerization of healthcare — startups in 70+ countries have raised $66 which are putting greater cost pressures billion since 2013. AI received $7.4 billion in on care delivery. 12 alike. According to CBInsights, the total | 2019 eCURRENT healthcare professionals to provide better diagnosis, guidance and support, as well as to create precision medicine offerings that can optimize treatments for an individual’s unique health needs. • Hospital at Home New remote monitoring technologies are powering the “hospital at home” movement, an opportunity to limit expensive hospital stays while keeping patients satisfied and comfortable in their own environments. If the conditions of these post-acute patients take a turn, remote monitoring platforms Stronger Together | 13