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AI (Artificial Intelligence): What’s The Next Frontier For Healthcare?

Perhaps one of the biggest opportunities for AI (Artificial Intelligence) is the healthcare industry.According to ReportLinker, spending on this category is forecasted to jump from $2.1 billion to $36.1 billion by 2025.This is a hefty 50.2% compound annual growth rate (CAGR).

The aggregate of this data will be used to formulate predictive analytics to be used across diverse patient populations across the continuum of care, which will provide truly personalized medicine.

By combining genomics with individual patient data from electronic health records and real-world evidence on patient behavior culled from wearables, social media and elsewhere, health care providers can harness the power of precision medicine to determine the most effective approaches for specific patients.

AI can offer insights into a wealth of data to determine the likelihood of depression—based on the patient’s age, gender, comorbidities, genomics, life style, environment, etc.—and can provide information about potential reactions before they occur, thus enabling clinicians to provide more effective treatment sooner.

However, thanks to advances in advanced analytics and the vast amount of data available in life sciences today, we believe there is a real opportunity to transform the clinical trial process.

By leveraging patient-level data from historical clinical trials from Medidata's expansive clinical trial dataset, we can create a synthetic control arm (SCA) that precisely mimics the results of a traditional randomized control.

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