Here's how AI is set to disrupt healthcare — albeit slowly

Published On Oct 1, 2024, 2:22 PM

The article discusses how artificial intelligence (AI) is gradually being introduced in the healthcare sector, which has been traditionally slow to adopt new technologies. Abby Yoder from JPMorgan highlights that the healthcare sector has underperformed in terms of stock returns over the last several years, despite showing positive earnings growth. AI has potential to revolutionize healthcare by improving efficiencies in areas like insurance approvals and patient care diagnostics. However, significant barriers remain, including outdated technology, skepticism among healthcare professionals, and the complexity of existing systems. Companies like Google and Microsoft are beginning to test AI applications in healthcare, which could represent a long-term investment opportunity.

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Healthcare sector shows potential for growth, particularly with companies integrating AI technology which could lead to increased efficiencies and new product offerings.

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