The Potential for Artificial Intelligence in Healthcare
There must be a better solution for a country like Austria in the heart of the European continent that may stem from a Moving Forward thinking community as the authors all represent together today.
Abstract
Artificial Intelligence (AI), Robotics and Big Data revolutionized the world and opened unprecedented opportunities and potentials in healthcare. No other scientific field grants as much hope in the determination of life and death and fastest-pace innovation potential with economically highest profit margin prospects as does medical care. An expert survey conducted in November 2019 identified big data-driven knowledge generation and tailored personal medical care but also efficiency, precision and better quality work as most beneficial advancements of AI, robotics and big data in the healthcare sector. Decentralized preventive healthcare and telemedicine open access to personalized, affordable healthcare. Technical advancements and big data insights – at the same time – increase costs for a whole-roundedly healthy lifestyle. Particularly in Western Europe, the currently tipping demographic pyramid coupled with obstacles to integrate migrants long-term to rejuvenate the population and boost economic output impose challenges for policy makers and insurance practitioners alike. Studies in the US found that 70% of all health related costs are accrued during the last few weeks of peoples' living. In Austria, healthcare cost are expected to double in this decade. This predicament of rising costs of an aging Western world population, raises questions such as – Should we decrease the access to the best quality medical care of Austrian in order to maintain the pursuit of a mandate of medical care for all – or should we allow a different-tiered class-based medical system, in which money determines who can afford excellent healthcare? There must be a better solution for a country like Austria in the heart of the European continent that may stem from a Moving Forward thinking community as we all represent together today.