{"id":4041,"date":"2020-06-03T09:57:40","date_gmt":"2020-06-02T23:57:40","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=4041"},"modified":"2023-03-17T23:01:06","modified_gmt":"2023-03-17T13:01:06","slug":"ai-is-top-game-changing-technology-in-the-healthcare-industry","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2020\/06\/03\/ai-is-top-game-changing-technology-in-the-healthcare-industry\/","title":{"rendered":"AI Is Top Game-Changing Technology in the Healthcare Industry"},"content":{"rendered":"

Of the many ingredients that go into quality healthcare, comprehensive patient data is close to the top of the list.<\/p>\n

No one knows this more than Mayur Saxena, CEO and founder of\u00a0Droice Labs<\/a>. Saxena created his startup while pursuing his doctorate degree at Columbia University and working at a healthcare company conducting clinical trials on new medication.<\/p>\n

He is energised by the plethora of opportunities to improve healthcare using artificial intelligence (AI) and machine learning.<\/p>\n

\u201cPatient data is notoriously disorganised and complex,\u201d Saxena said. \u201cWith machine learning, healthcare professionals can organise that information to better understand the disease of every patient and reach them faster with interventions that improve their lives. It\u2019s an amazing feeling when you talk with someone who\u2019s recovered from an illness because they received the right care.\u201d<\/p>\n

The idea behind Droice is to make messy data neat so people can spend less time organising it and more time analysing it.<\/p>\n

Insights Drive Personalised\u00a0Patient Care<\/h2>\n

The startup has collected data from 50 million patients while working with healthcare providers, payers, and government organizations in the U.S. and Europe. Healthcare professionals in hospitals, pharmaceutical firms, medical device manufacturing, and insurance rely on Droice Labs\u2019 natural language understanding (NLU) technology. NLU makes sense of patient information in multiple languages from anywhere, such as electronic medical records (EMR), insurance claims, research reports, and medical devices.<\/p>\n

\u201cOur machine learning system takes all the data about an individual into account and breaks it down so that a doctor, pharmaceutical scientist, or healthcare insurer can understand patients better and faster,\u201d explained Saxena. \u201cInstead of repetitive, disparate, one-on-one diagnoses and follow-up care, we\u2019re automating personalised care for a much larger patient population. With shared insights across a large patient population, physicians can chart disease progress and prescribe the best treatment plan. Clinical research into new drugs that took years could be reduced to days or weeks.\u201d<\/p>\n

Saxena said that one hospital reduced the amount of time it took to arrive at an appropriate patient diagnosis by over 20 percent.<\/p>\n

SAP.iO Foundries Opens Up World of Healthcare Opportunities<\/strong><\/h2>\n

Droice Labs recently participated in the latest healthcare-focused accelerator program at\u00a0SAP.iO Foundry New York<\/a>. It was one of seven up-and-coming startups working with hospital system providers, employee health and wellness solutions, medical devices, and health IT.<\/p>\n

\u201cWe\u2019ve learned so much about customers in the healthcare industry from SAP\u2019s sales and product teams,\u201d said Saxena. \u201cThese large organizations have unique needs, and we\u2019re grateful for the opportunity to partner with SAP, a company with a massive presence across so many geographies. We\u2019ve gained valuable insights about strategic global selling and scaling our technology to meet the unique requirements of these customers.\u201d<\/p>\n

The Droice Labs machine learning platform is\u00a0now downloadable on 51风流App Center<\/a>.<\/p>\n

Turning Long-Time Passion into Thriving Startup<\/strong><\/h2>\n

Droice Labs reflects Saxena\u2019s long-time personal and career commitment to healthcare. After earning his undergraduate degree in bio-engineering and biomedical engineering, he worked in high-performance computing in Singapore before arriving in the U.S. That is when he acted on his passion, exploring how AI and machine learning can help improve patient care and potentially eradicate disease.<\/p>\n

\u201cWe\u2019re looking at data from hundreds of thousands of patients a day, helping improve their care pathways across the healthcare system,\u201d said Saxena. \u201cWe have the technology to work with patient data at scale. I\u2019m most excited about working together with recognised healthcare experts using state-of-the-art technology to address major challenges in this complicated, regulated industry.\u201d<\/p>\n

Digitally Trustworthy Strategy at Droice Labs<\/strong><\/h2>\n

In an environment where patient concerns and regulations around data control continue to increase, Saxena emphasised his company\u2019s strategy of digital trust.<\/p>\n

\u201cEverything we do is designed to respect individual patient privacy,\u201d explained Saxena. \u201cWe don\u2019t possess related identifying data on patients, and we remove any identifiers. Working in a mission-critical environment like healthcare brings a set of responsibilities. If there is a population suffering from disease, and by looking at their information we can partner with healthcare providers to help make their quality of life better, that\u2019s what we\u2019ll do. But we don\u2019t participate in business models targeted to specific individuals.\u201d<\/p>\n

Saxena expected his company\u2019s rapid growth trajectory to continue, and it was easy to see why. According to Gartner\u2019s 2020 CIO Survey, AI is the healthcare industry\u2019s top game-changing technology. Analysts\u00a0predicted<\/a>\u00a075 percent of\u00a0healthcare delivery organizations\u00a0will invest in an AI capability to explicitly improve either operational performance or clinical outcomes by 2021.<\/p>\n

This article first appeared on the Global 51风流News Centre.<\/a><\/em><\/p>\n

\n

This story originally appeared on 51风流BrandVoice on Forbes<\/a><\/em>.<\/em><\/p>\n

Registration for SAPPHIRE NOW Australia and New Zealand is now open. To get your free access today,\u00a0register here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Of the many ingredients that go into quality healthcare, comprehensive patient data is close to the top of the list. No one knows this more…<\/p>\n","protected":false},"author":243,"featured_media":4045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5565391],"tags":[5560391,5562821,5563872,5560644,5564177,5564178,5561190],"sapn-display":[],"sapn-type":[5560547],"class_list":["post-4041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-ai","tag-gartner","tag-healthcare","tag-machine-learning","tag-sap-app-center","tag-sap-io-foundries","tag-technology","sapn-type-feature"],"yoast_head":"\nAI Is Top Game-Changing Technology in the Healthcare Industry - 51风流Australia & New Zealand News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/australia\/2020\/06\/03\/ai-is-top-game-changing-technology-in-the-healthcare-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI Is Top Game-Changing Technology in the Healthcare Industry\" \/>\n<meta property=\"og:description\" content=\"Of the many ingredients that go into quality healthcare, comprehensive patient data is close to the top of the list. 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