Adoption
and Innovation of #AI #Tech in the #Healthcare Sector
Point Roberts WA, Vancouver BC– December 22, 2021 –
Investorideas.com (https://www.investorideas.com/), a global investor news source covering
Artificial Intelligence (AI) issues
a sector snapshot on the role of AI in healthcare, featuring technology company
GBT Technologies Inc. (OTCPINK:GTCH).
Read
this article, featuring GTCH in full at https://www.investorideas.com/news/2021/artificial-intelligence/12221GTCH-BBLN-GE-PHG.asp
Artificial Intelligence (AI) technologies have achieved
near ubiquity in everyday life and in few places is this more true than in the
healthcare sector. Recent research published by Markets and Markets projects that globally
the AI in Healthcare market will grow from $6.9 billion USD in 2021 to $67.4
billion by 2027. A similar report published by Allied Market Research forecasts a market size
of $194.4 billion by 2030. As might be expected, much of this is driven by
demands for innovation spurred on by the COVID-19 pandemic, but the former
report in particular also cites the “market influx of large and complex
healthcare datasets, growing need to reduce healthcare costs, improving
computing power and declining hardware cost,” and more as being key factors
influencing the market’s growth.
With regard to COVID-19 however, the following excerpt
from the Allied Market Research report’s overview reads:
At
present, AI technologies are playing a crucial role to combat the pandemic.
Though the use of AI in healthcare is not a new notion, its application in the
COVID-19 outbreak situation has proven its prospects in the sector. The AI
tools are rapidly being used to detect & diagnose the virus and retort to
the outbreak through personalized information and learning.
GBT Technologies Inc. (OTC PINK:GTCH), an early stage
technology developer in (IoT), and Artificial Intelligence (AI) Enabled Mobile
Technology Platforms, recently announced plans to implement Metaverse
Technology within its Apollo (Internal Project Code Name) motion detection
system. The following statement from the company outlines the technology,
indicating as well its application outside of healthcare:
The system is based on radio waves and
can detect a moving entity’s motion and stationary positions enabling an
imaging technology to show these movements and positions on a computer screen
in real time. Internal project code name Apollo, includes an AI technology that
controls the radio waves transmission and analyzes the reflections,
constructing 2D/3D images in real time.
The
technology can be implemented within a wide variety of domains like health
monitoring, security and computer vision. Apollo’s technology can be also used
as an efficient driver’s monitoring system, detecting impaired or distracted
drivers, providing audible and visual alerts; and in extreme cases, take over
the vehicle. The system can distinguish between living entities and objects
working through mediums like walls, underwater and underground, which enable
the creation of a wide variety of safety and rescue applications. The system’s
range is determined by its antennas and repeaters to enable larger coverage.
GBT believes that this type of technology can be in the forefront of the
wireless solutions arena; particularly, since it’s a wearable-less nature. The
company is targeting building a generic prototype and engaging with possible
partners to implement a practical application.
According to the press release, implementing Metaverse
technology into Apollo facilitates the ability to “represent physical reality
into augmented and virtual reality computerized environments.” A further excerpt from the press
release indicates:
“[The]
Apollo system is targeted to be used for medical, security, and surveillance
applications, and equipping it with Metaverse imaging technology, will offer
major advancements within its cinematic capabilities."
Elsewhere, digital healthcare firm Babylon Holdings
Limited (NYSE:BBLN) recently announced the launch of its AI-powered triage
tool in Rwanda, as part of a 10-year partnership with the Government of Rwanda
to build Africa’s first digital-first universal healthcare system. This
AI-powered triage tool helps nursing staff by generating relevant questions,
collecting information and providing insight, thus streamlining the entire triage
process. Paula Musoni, Babylon’s Minister of ICT & Innovation, explained:
"The
use of technology to deliver government services to Rwandans citizens has been
at the core of the national ICT strategy. Whilst Rwanda has done extremely well
in applying ICT to deliver most government services, the introduction of
Babylon AI allows us to augment human capacity in a chronically understaffed
sector that has been put under even more pressure due to the pandemic. Through
this technology, Babyl is elevating the quality of treatment for every online
patient irrespective of where they are in the country."
GE Healthcare, the $17 billion healthcare business
subsidiary of General Electric (NYSE:GE),
recently signed a letter of intent to
collaborate to advance precision diagnosis and treatment of lung cancer with
Optellum. Optellum is a private firm, described in the press release as the
“leader in AI decision support for the early diagnosis and optimal treatment of
lung cancer.” Ben Newton, General Manager, Oncology Solutions, at GE
Healthcare, said:
"The
precise diagnosis of lung cancer can greatly improve patient prognosis. The
integration of imaging and medical device data from the Edison Platform with
AI-enabled solutions like the one offered by the Optellum Virtual Nodule Clinic
has the potential to streamline clinician workflows and advance our goal of
making precision healthcare, taking the right action at the right time for
every patient, at scale, as widely accessible as possible."
Royal Philips (NYSE:PHG) recently launched new AI-enabled innovations in
Magnetic Resonance Imaging (MRI), at the Radiological Society of North America
(RSNA) annual meeting, designed to “speed up MR exams, streamline workflows,
optimize diagnostic quality, and help ensure the efficiency and sustainability
of radiology operations.” Arjen Radder, General Manager of MR at Philips, said:
“At
this year’s RSNA, we are focused on introducing scalable high performance MR
systems to the imaging enterprise, with intelligent software built in to
automate tasks to help relieve the burden on radiology staff and departments.
With AI-driven smart connected systems, optimized workflows, and integrated
clinical solutions, our goal is to deliver high quality diagnostic images while
also improving radiology department productivity by relieving radiologists of
burdensome routine tasks so they have more time to take care of their
patients.”
While COVID-19 has undoubtedly amplified adoption and
innovation of artificial intelligence technologies within the healthcare
sector, AI is demonstrably well on its way to continue to develop as an
integral part of the market after the pandemic.
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