According to a new Gartner report, approximately one third of enterprise wide genAI projects will end after proof of concept evaluations conclude by end of 2025. One of the biggest barriers to generative AI adoption is the unclear business value and extremely high investment and operational costs. Healthcare already has a financial sustainability problem. GenAI has not proven its ability to help improve this problem, however it certainly can make it worse!!! https://lnkd.in/d7pZg7Fz
Chris Gibbons, MD, MPH’s Post
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Unlock the Future of Business with One24! Boost efficiency, streamline operations, and gain powerful insights with One24's AI-powered solutions. Transform how you work and make data-driven decisions effortlessly. Ready to elevate your business? #AI #BusinessInnovation #EfficiencyBoost #One24Solutions #AIInsights #One24
One24’s AI-Powered Solutions: Elevating Efficiency and Insight - One24
one24.co
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#GenerativeAI holds tremendous potential for transforming businesses, and it's crucial for companies to move beyond the initial hype and focus on deriving real value - our CEO, Siew Ying Ngiam, made the point at a top panel discussion at the NCS Impact conference last week. At Synapxe, we are committed to leveraging #AI strategically to deliver meaningful innovations in #HealthTech and deliver better health outcomes. By focusing on practical applications and integrating AI thoughtfully, we can create sustainable, impactful solutions for public healthcare. #NationalHealthTechAgency #HealthTechForPublicGood #PoweringHealthTech #GenAI
Time for businesses to move past generative AI hype and find real value
zdnet.com
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It’s great to see the healthcare industry is actively adopting AI, but a bit surprised to see a balanced approach to customization, i.e., this highly specialized industry is using a mix of off-the-shelf AI solutions and customizations, to date, rather than fully proprietary models. Why This Approach? I’m hypothesizing: ✔ Regulatory Challenges: Stringent data privacy and patient safety regulations. ✔ Legacy Systems: Integration complexity with outdated IT infrastructure. ✔ Resource Constraints: High costs and lack of in-house expertise for custom AI. ✔ Data Privacy Concerns: Handling sensitive data requires stringent data protection measures ✔ Other?? McKinsey’s latest report on the state of AI in early 2024 is a good read if you are curious on how a cross section of industries are transforming. #HealthcareAI #TechTrends #AIAdoption #DigitalHealth
The state of AI in early 2024: Gen AI adoption spikes and starts to generate value
mckinsey.com
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We are pleased to introduce ConstellationAI, an artificial intelligence-driven healthcare digital asset marketplace that holds the potential to catalyze discovery, drive innovation, and unlock hidden value. Constellations are unique clusters of digital assets (data, documents, images, etc.) that can be explored using AI tools to answer what once were considered unanswerable questions, with the goal of driving new discovery and potential monetization of these assets for the benefit of healthcare and other industries. Leveraging the power of HTG’s revolutionary data platform, alongside cutting-edge AI technology, ConstellationAI enables users to discover and connect different digital assets using an advanced studio for model development and federated asset discovery. With ConstellationAI, we are empowering businesses to thrive in the digital age by unlocking the full potential of AI. Learn more in today’s press release: https://lnkd.in/dE6cuMjz I #ArtificialIntelligence #DigitalHealth #HealthData #HealthcareInnovation #DigitalTransformation
HHS Technology Group Introduces ConstellationAI to Power Healthcare Digital Asset Discovery with Artificial Intelligence
prnewswire.com
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Thrilled to see the Healthcare and Life Sciences sector leading the charge in AI adoption! It’s inspiring to see the strides being made across the board. We highly encourage everyone to dive into this article and understand why 93% of H&LS organizations are planning to increase their AI investments by 2025. Thanks for sharing John Doyle! 🙌 #AIinhealthcare #HealthcareAI #AIAdoption #HLS #Healthcare #HealthTech
Healthcare and Life Sciences ahead of other industries in AI adoption, in terms of the number of AI models in production. On average, H&LS organizations have deployed over 170 models in production, compared to 159 for all other sectors. Around half (48%) of H&LS respondents to a study conducted by 451 Research and commissioned by Vultr said they view AI as the most significant technological advancement poised to impact industrial networking over the next five years, with 49% expecting AI to improve network management across both IT and OT systems, with 93% of H&LS organizations planning to increase their AI spend in 2025. H&LS organizations performed more strongly across core business indicators: - 82% reported doing moderately or significant better in terms of revenue. - 81% shared that their organization did moderately of significantly better in regard to customer satisfactions. - 80% saw improvements across marketing (conversion rates, ROAS cost per customer acquisition). To learn more: https://lnkd.in/gSMMRXM9 #Healthcare #AI #Adoption
Study: Healthcare and life sciences ahead of other industries in AI adoption
healthcareitnews.com
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The healthcare and life sciences sectors have taken a leading role in embracing AI technology, investing heavily in its capabilities and applications. This early adoption is a testament to the vast potential that AI holds for revolutionizing the industry, from streamlining processes to improving patient outcomes. The widespread adoption of AI in healthcare and life sciences is just one example of its broad potential for transforming various industries. As this technology continues to advance, we are likely to see increased investment and implementation across numerous sectors, from manufacturing and logistics to finance and retail. The vast possibilities for AI-driven innovation are truly staggering, and its impact on society and the global economy will undoubtedly be significant in the years to come. https://lnkd.in/eSf4kfdU
Study: Healthcare and life sciences ahead of other industries in AI adoption
healthcareitnews.com
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Pretty interesting observations in this study. 72% of companies have at least one AI function. GenAI adoption increased to 65% with professional services leading the adoption. Energy and Materials industry are leading the GenAI adoption. The impact is huge. https://lnkd.in/gXn3AjTU
The state of AI in early 2024: Gen AI adoption spikes and starts to generate value
mckinsey.com
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As we advance into 2024, the landscape of #innovation is dramatically evolving, particularly in the realm of #artificialintelligence. Christoph S., our CEO, recently shed light on the significant uptick in #GenAI adoption within various corporate sectors, transitioning from mere experimentation to robust #integration. The potential applications are boundless, spanning enhanced customer interactions to groundbreaking shifts in #data handling and #healthcare #research. It’s exhilarating to witness BCG guiding companies' pivotal AI integration and be at the center of such transformative initiatives.
BCG says AI consulting will supply 20% of revenues this year
bcg.smh.re
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In today's fast-evolving world of Intelligent Document Processing (IDP), organizations require solutions that go beyond rules and templates to automate their end-to-end document processes across the back office. In the latest IDP Market Guide published by Gartner, one of our key takeaways is Gartner encouraging readers to, “Seek products that go beyond generative AI by focusing on a vendor’s ModelOps and therefore its ability to marshal a portfolio of models, as well as other technical capabilities, to meet the needs of specific document types and associated processes.” Download the complete Gartner® Intelligent Document Processing Market Guide below to help you navigate the IDP market and discover the unique value proposition of our model-first approach to IDP. Click here: https://shorturl.at/61awr #GenAI #IDP #Hyperautomation
Gartner® 2024 Market Guide for IDP Solutions
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IDP is evolving if you want to know how download the guide ..!? #Hyperautomation
In today's fast-evolving world of Intelligent Document Processing (IDP), organizations require solutions that go beyond rules and templates to automate their end-to-end document processes across the back office. In the latest IDP Market Guide published by Gartner, one of our key takeaways is Gartner encouraging readers to, “Seek products that go beyond generative AI by focusing on a vendor’s ModelOps and therefore its ability to marshal a portfolio of models, as well as other technical capabilities, to meet the needs of specific document types and associated processes.” Download the complete Gartner® Intelligent Document Processing Market Guide below to help you navigate the IDP market and discover the unique value proposition of our model-first approach to IDP. Click here: https://shorturl.at/61awr #GenAI #IDP #Hyperautomation
Gartner® 2024 Market Guide for IDP Solutions
https://www.hyperscience.com
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