Why are we launching an AI community?
As AI reshapes the landscape of healthcare and life sciences at an ever-increasing pace, keeping abreast of emerging trends, breakthrough technologies, and innovative applications has become crucial. To help you stay ahead of the curve, we're thrilled to launch our "AI in Healthcare & Life Sciences Community". Think of it as your go-to spot for all things AI, from virtual roundtables to curated content and tailored news.
By 2030, the AI healthcare market is projected to be worth $188 billion – up from just $11 billion in 2021. This remarkable growth can be attributed to AI's transformative role in various healthcare functions, such as drug discovery, design of clinical trials, operational streamlining in healthcare facilities, and improved medical processes. The expanding capabilities of AI models play a significant role, such as the size of large language models escalating exponentially from 94M in 2019 to 530M in 2023.
Yet, the rise of AI isn't without its challenges. Alongside the opportunities come complex ethical dilemmas, including data privacy, algorithmic bias, legal liability, and patient safety. The emerging AI era has been met with various reactions: excitement about its vast potential, cautious wariness of the risks involved, and skepticism around its full-scale integration into the healthcare and life sciences industries.
One thing is certain, patient safety must always be at the forefront and regulatory compliance of these technologies is emerging. For instance, the recent collaboration between the AMA and the federal government to establish regulations for AI's use in healthcare in the US. The question remains, are these measures sufficient to keep up with the rapidly progressing capabilities of AI?
With our AI in Healthcare & Life Sciences Community, we offer a space for these discussions to unfold, for insights to be shared, and for the future of AI in healthcare to be collectively shaped.
Introducing our AI Community thought leaders:
To ensure that we’re staying at the cutting edge of this rapidly evolving field, we have experts from across the field leading community activities. These thought leaders will help our community stay informed, engaged, and inspired as we delve into the intersections of AI, healthcare, and life sciences.
Want to be part of the conversation?
Discover how to incorporate AI technologies into your offerings, understand the full capabilities of AI, and delve into discussions around AI's future in healthcare by registering for our upcoming meetings in this community:
- From Algorithms to Assets: Monetising Real-World Patient Data with AI - 26th July
- Webinar: The Business of AI in Healthcare: Investment and ROI - 23rd August
- Balancing AI and Human Involvement in Digital Health - 29th August
We’ve more AI meetings coming later this year. Keep an eye on the community to stay up to date on these and the most relevant updates across all of our five communities by viewing them on our platform HERE.