diagnosis, Financial Times, US Food & Drug

Digital Intelligence Will Transform Your Business

Submitted by Rob Wyse on Wed, 02/08/2017 - 12:56

What if an intelligent application could diagnose a health condition as quickly and precisely as a human doctor? A Financial Times story features a digital diagnostic app called Babylon that crunches through billions of data points collected from thousands of test consultations to help pinpoint an ailment. This is just one example of how machine learning, also known as artificial intelligence, is transforming healthcare.

Babylon is just one of a growing collection of intelligent tools that can empower people to manage their own health. Last year, the US Food and Drug Administration approved 36 connected health apps and devices, from mobile lung-function monitors to blood-glucose tests, that provide medical advice to consumers—at a fraction of the cost of a provider visit or traditional lab work. 

As we collect and store more and more data about consumers’ health and lifestyles, there is an incredible opportunity for health plan sponsors to capture and apply this data to transform their business. They can integrate and analyze this valuable data by using machine-learning algorithms in the cloud. Applying machine learning can enable plan sponsors to pick out trends and interactions at the population level and — ultimately —predict and prevent disease before it even occurs. 

If you’re skeptical about how machine learning can transform business, just look at three behemoths: Airbnb, Uber and Google.