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How Artificial Intelligence Will Affect Health Care In The Future?

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Neil Jacobstien, chairman of AI (Artificial Intelligence) and Robotics Track at Singularity University , says artificial intelligence makes things humans couldn’t do before possible. He adds that AI has the ability to deliver billions of dollars worth of value and real help to clinicians in the healthcare industry.

AI has already entered the medical industry; it is being deployed in predictive analytics in patient monitoring devices, drug discovery, oncology, imaging, etc.

With increasing computing power and advances in machine learning and analytical algorithms, AI systems will become more powerful and effective in performance, revolutionizing medical diagnostics, treatment and research.

AI is expected to be useful in many areas of the healthcare industry.
Uses of AI technology in the healthcare industry

There are many ways AI will help the healthcare industry. Here are some of the most significant ways artificial intelligence is shaping the future of health care:

Enhanced diagnostic procedures

There are many diagnostic procedures in the medical industry that still depend on the collection of tissue samples. These existing procedures present the risks inherent to all invasive procedures. According to medical experts, AI technology may soon replace the requirement of biological tissue samples for diagnoses. It may give technicians the ability to identify and characterize tumours through image-based diagnostics.

Ideally, AI technology in the future, may enable specialists to collect the same detailed information collected from real tissue samples. For instance, with malignant tumours, AI will give specialists the ability to understand how an entire tumour affects a patient.  

Introduction of brain-computer interfaces

Computers have long been used for communication. However, scientists are searching for ways to create direct interfaces between computers and the human brain, which will significantly benefit patients. In the cases of accidents and neurological diseases, patients often lose their ability to speak, interact and move. AI-enabled brain-computer interfaces could potentially restore these abilities efficiently and in a meaningful way.

Physicians are also expecting that it will enable injured or ill patients to quickly restore their functionality. AI-based brain-computer interfaces may allow researchers to decipher the neural activities related to physical functions, helping afflicted patients to communicate immediately.

Decreased cost of care-giving

According to the management consulting company, Accenture, AI could provide healthcare organizations an annual savings of $150 billion by 2026. This revolutionary and smart technology has the ability to give health care firms the power to utilize the information generated by progressively connected information networks and medical devices. AI could help organizations cut costs and improve treatment outcomes significantly while lowering operational expenses.

According to Global management consultancy McKinsey & Company, potential annual savings of AI in healthcare is expected to be $300 billion USD (United Sates Dollar) in the United States and £3.3 billion in the United Kingdom.  

AI, through robotics, will reduce healthcare costs and increase performance.
Robotics in the healthcare industry

The increasing growth of digital information and big data systems present artificial intelligence a potentially crucial resource for collecting and extracting meaningful insight from increasingly smarter health care data networks.

In the near future, diagnostic technicians and wellness and lifestyle consultants may be able to leverage AI and wearable devices to optimize their medical services and improve treatment outcomes. As AI technology matures, it will improve the treatment outcomes and the operational efficiency of care, while decreasing the overall cost.

Automation of repetitive tasks

Health care firms constantly look for different ways to improve community health, and they also keep investigating the possibilities of AI implementation in many lucrative ways. Eventually, AI programs will enable organizations to discover new correlations among huge amounts of data. AI technology will allow health care organizations to automate their routine repetitive tasks and streamline their operations in various ways.  

It will improve the ability of care providers to deliver faster, more accurate and more precise services. Hospitals and devices will be generating and using an enormous amount of valuable and useful patient information at a surprisingly fast speed and accuracy.

Final words — Other potential benefits of AI

AI technology will solve one of the major roadblocks of the systems used in the healthcare industry. Advanced AI systems that can communicate with patients and make accurate diagnoses at the screening process will enable the growth of their availability and space.

In the future, AI technology is going to introduce hybrid models to be used in the medical industry. These models will aid technicians in diagnoses, treatment planning and identifying risk factors while retaining responsibilities for the patient’s care. It will result in faster adoption by healthcare providers by mitigating potential risks and start delivering measurable improvements in patient outcomes and operational efficiency at scale.

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Source: https://blockchainhealthcarereview.com/how-artificial-intelligence-will-affect-health-care-in-the-future/

Blockchain

I Disagree With Armostrong: Ripple CEO on Coinbase Apolitical Policy

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Ripple CEO Brad Garlinghouse is the latest popular individual to criticize the apolitical approach recently taken by the cryptocurrency exchange Coinbase. Just the opposite, Ripple has offered employees paid time off to vote and volunteer in the upcoming US Presidential elections.

Ripple CEO Disagrees With Coinbase CEO

Brian Armstrong, the Chief Executive Officer of the veteran US-based digital asset platform Coinbase, raised lots of controversies recently after a blog post. He argued that his company should remain laser-focused on its mission to ascend as a cryptocurrency exchange and its employees need to avert from any political discussions or endeavors.

This so-called “apolitical” approach received reactions from people within and outside of the cryptocurrency space. Most, such as Twitter’s CEO Jack Dorsey, criticized Armstrong’s actions.

The latest to join the “I don’t agree with Armstrong bandwagon” is Brad Garlinghouse – the CEO of the payment protocol Ripple. He asserted that technology companies have the “obligation” to assist with solving social issues.

“We think about our mission as enabling an internet of value, but we seek positive outcomes for society. I think tech companies have an opportunity – but actually an obligation – to lean into being part of the solution.”

Ripple CEO Brad Garlinghouse. Source: Fortune
Ripple CEO Brad Garlinghouse. Source: Fortune

He called some of these social problems “exacerbated” by the tech sectors. As such, Ripple has decided to take the precisely opposite approach. The Silicon Valley-based company will offer its employees paid time off to volunteer and vote in the upcoming US Presidential elections.

It’s worth noting that Coinbase has seen at least 5% of its staff leaving following Armstrong’s apolitical urge. The exchange offered “generous exit packages” to all that disagreed with its politics.

Garlinghouse On The Ongoing YouTube Legal Battle

As CryptoPotato reported in April, Ripple filed a lawsuit against the most widely used video-sharing platform – YouTube. Ripple claimed that the Google-owned giant hadn’t done enough to fight the growing number of fake giveaways impersonating company executives and duping thousands and thousands of dollars from victims.

During the CNBC interview, Garlinghouse used the opportunity to criticize YouTube and its lack of appropriate actions once more. He doubled-down that Ripple doesn’t do such giveaways, and people need to be extremely cautious when they see one, even if it’s on a trusted platform.

“We didn’t need to do that [giveaways]; it doesn’t help Ripple. But what it highlights is that platforms need to take ownership of the problems they are contributing to.”

Featured Image Courtesy of VOX

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Source: https://cryptopotato.com/i-disagree-with-armostrong-ripple-ceo-on-coinbase-apolitical-policy/

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The PayPal Effect: Billionaire Chamath Palihapitiya And Libra’s Chief Believe Banks Will Support Bitcoin

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PayPal’s decision to enable its users to interact with cryptocurrencies directly on its platform continues to attract popular individuals’ attention. The latest to acknowledge the significance of this move were the Head of Facebook Financial, David Marcus, and Social Capital CEO Chamath Palihapitiya.

Banks Will Follow PayPal, Says Marcus

Arguably the most significant piece of news recently came last week when the giant online payment processor PayPal announced it will soon enable its US-based customer to purchase, sell, and store several cryptocurrencies, including Bitcoin and Ethereum. Clients based outside the US will have this option available next year.

Apart from the immediate price reaction the news had on the cryptocurrency market, the community also accepted the announcement as a significantly bullish development.

In fact, most believe that this is just the beginning, and more centralized and trusted establishments, such as banks, will follow suit. Co-creator and board member of Facebook’s future cryptocurrency Libra, David Marcus, also weighed in on the news.

He asserted that the cryptocurrency industry is “turning a corner” as banks will pursue Bitcoin and stablecoins support.

Bitcoin Is No Longer Optional

Another famous individual to comment on the PayPal developments was the Social Capital CEO and former Facebook executive, Chamath Palihapitiya.

Being also a vocal supporter of Bitcoin, Palihapitiya, similarly to Marcus, highlighted that “every major bank is having a meeting about how to support Bitcoin. It’s no longer optional…”

Palihapitiya recently said that his first BTC purchase came at the start of the previous decade. He bought one million bitcoins for $80. Later on, he outlined the primary cryptocurrency as his best investment bet.

Social Capital’s CEO has also urged the public numerous times to allocate at least 1% of their investment portfolio in Bitcoin. He said that having such allocation helps him sleep “soundly at night.”

He also advised that people should avert from short-term price actions. Instead, he focuses on the long-term, knowing that Bitcoin’s fundamentally different attributes will protect him against the falling current financial infrastructure.

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Source: https://cryptopotato.com/the-paypal-effect-billionaire-chamath-palihapitiya-and-libras-chief-believe-banks-will-support-bitcoin/

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BTC Price Analysis: Bitcoin Weakens As Wall Street In Deep Red, Is $14K Target Intact?

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Bitcoin’s price remains stuck under the key 0.618 Fibonacci level at $13,360 going into this week after little bullish momentum arrived during the opening of the US traditional markets. Wall Street, meanwhile, is painted in red.

Over shorter timeframes, it’s clear that the general sentiment is still bullish as the leading asset continues to print higher lows. However, trading volumes are beginning to decline, and there’s a growing divergence between the RSI and price action, which suggests things may turn bearish soon.

Since the Paypal news broke on October 21, over $33 billion has flooded back into the crypto space and helped the leading asset’s market dominance break back over 61% for the first time since August 2, 2020.

Price Levels to Watch in the Short-term

On the weekly BTC/USD chart, we can see that the main resistance area (red shaded zone) standing in the way of Bitcoin right now is the aforementioned Fibonacci level and the June 24, 2019 high at $13,950.

This top price point also overlaps with the upper resistance of the broadening wedge pattern (yellow lines) that BTC has been tracking inside of since April 27, which makes it a particularly strong level for bulls to overcome.

If momentum picks up again, however, and bulls manage to set a new 490+-day high, then the next likely areas of resistance will probably lie somewhere around the psychological $14K mark, the $14,400 level, and $14,600.

If the strong bearish divergence on the 4-hour timeframe plays out (light blue lines), we should expect the first area of support at the 50 EMA at $12,600, followed by the first major support zone (green shaded area) between $12,300 and $11,950. Under that, we also have the 0.5 Fibonacci level at $11,400 and the support line of the broadening wedge pattern approximately around $11K to catch any dips if prices decline further.

Total market capital: $401 billion
Bitcoin market capital: $243 billion
Bitcoin dominance: 60.5%

*Data by Coingecko.

Bitstamp BTC/USD Weekly Chart

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BTC/USD chart via Tradingview.

Bitstamp BTC/USD 4-Hour Chart

Bitcoin trading BTC
BTC/USD chart via Tradingview.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Source: https://cryptopotato.com/btc-price-analysis-bitcoin-weakens-as-wall-street-in-deep-red-is-14k-target-intact/

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