The Top Companies to Watch as Artificial Intelligence Transforms Healthcare

Healthcare is quickly being disrupted by artificial intelligence.

“A recent study by researchers at Google showed that AI algorithms could also be used to predict if someone might suffer a heart attack by looking into their eyes,” reports the BBC. “Artificial intelligence could also use the way we look to help us predict future disease. New research suggests it can pick up on subtle differences in our faces that might be the hallmarks of disease.”

With it, even genetic disorders and debilitating ailments, such as Parkinson’s disease, heart issues, depression, and dementia could be a thing of the past.

As the excitement builds, the global healthcare AI market is expected to reach $6.16 billion by 2022, notes Healthcare Informatics. By 2026, experts estimate that AI applications could save the U.S. healthcare economy up to $150 billion, and help address 20% of unmet clinical demand. It could very well improve overall quality of patient care, prevent unnecessary medical costs and procedures while improving on diagnoses and treatment options.

In short, innovation such as AI is leading healthcare.

Some of the companies that are already benefiting from the artificial intelligence (AI) and machine learning boom include Eyecarrot Innovations Corp. (TSXV:EYC)(OTCQB:EYCCF), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL).

Eyecarrot Innovations Corp. (EYC) (EYCCF) for example, just initiated implementation of Microsoft’s Machine-Learning and Artificial Intelligence platform Azure Databricks with its Binovi by Eyecarrot, which will help accelerate big data analytics and AI solutions.

Binovi by Eyecarot’s platform is a healthcare technology solution that integrates software, hardware, data and expert knowledge. It assists optometrists treat vision issues with in-office therapy as well as doctor led home based activities to better serve and increase the patient’s experience and their therapy needs.

As the company extends its data capture toolset around the human visual system and how it interacts with the body, balance system and brain, machine learning and AI will significantly accelerate the value of the company’s big data.

“We envision a machine learning fabric that leverages Apple’s APIs for acquiring, filtering and pre-processing data on mobile devices and handing off, as it were, to our Azure infrastructure to engender meaning across an array of component data gathering devices, giving us deep insights in our rich data sets,” noted company CTO, Salim Mithani, PhD.

For More Information on Eyecarrot Innovations Corp., Click Here.

Microsoft Corporation’s (MSFT) Healthcare Bot service, which comes with built-in healthcare AI services, is a cloud service that allows healthcare organizations to build and deploy, AI-powered virtual health assistants and chatbots that can be used to improve upon their processes, self-service, and cost reduction efforts.

In addition, the cloud service includes out-of-the-box healthcare intelligence such as the ability to triage complex medical questions and a set of prebuilt services including the handoff feature and a symptom checker. Customers can extend and customize the bot to solve their unique business problems. Built-in privacy controls include the ability for bots to learn and adapt to user preferences and for users to ask bots what they know about them and to ask to be forgotten.

“You don’t have to start from scratch,” said Hadas Bitran, head of Microsoft Healthcare Israel, as quoted by Microsoft. “It has healthcare content knowledge such as a symptom checker and information about conditions, medications and procedures. It has language models trained to understand healthcare terminology. It understands if you are complaining or if you are asking about what doctor you should see or if you are thinking about side effects of a medication.”

For More Information on Microsoft Corporation, Click Here.

Apple is jumping into medical research and medical devices, note analysts at CB Insights.

In fact, with the release of Apple Health Record, it’s evident the company is in healthcare.

“The company’s control over both software and hardware is ultimately what gives Apple such a strong brand and consumer experience. Apple is bolstering its software offering as a whole through a number of recent acquisitions of artificial intelligence companies, including Silk Labs,” they note. “Though Apple may not have the same level of AI expertise as other tech giants, it knows how to bundle hardware and software together. Accessing structured data streams is difficult in healthcare, but Apple’s expertise at packaging hardware and software means it can create, structure, and interpret the data itself.”

For More Information on Apple Inc., Click Here.

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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media which has a partnership with www.wallstreetnation.com is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release.

For making specific investment decisions, readers should seek their own advice. Winning Media, which has a partnership with www.WallStreetNation.com, is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media (partners of WallStreetNation.com) and Eyecarrot Innovations Corp., Winning Media has been paid four thousand dollars for advertising and marketing services for Eyecarrot Innovations Corp. We own ZERO shares of Eyecarrot Innovations Corp Please click here for full disclaimer.

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