Hospital Artificial Intelligence Hospital care management can leverage augmented intelligence. Artificial intelligence is useful for providing highly tailored insights about individual patients or to work across an entire population. Artificial intelligence is useful for helping providers effectively address healthcare delivery. The intersection of healthcare and artificial intelligence represents a market opportunity. New strategies are being developed by companies to bring A.I. to healthcare. The business challenges around those efforts are being addressed collectively in partnerships and in forums to bring the technology into the market. Artificial intelligence has an impact on patients, doctors, hospitals, clinical facilities, and the healthcare industry overall. The ability of an intelligent system to learn from data without upfront human intervention brings significant change to the healthcare delivery system. It relies on the use of unsupervised and semi-supervised machine learning techniques. Segmentation, dimensionality reduction, anomaly detection and pattern recognition are replacing supervised manual techniques for diagnosis and care delivery. Major factors driving the market for artificial intelligence in hospitals include its ability to provide better diagnostic accuracy under a variety of testing conditions. The worldwide aging population creates demand for increased accuracy of early diagnosis. An increase in the number of people with end stage diabetes, cancer, and severe respiratory diseases creates need for advanced medical diagnostic capabilities that work earlier in the evolution of disease, creating the ability to implement therapies that are lifesaving. “Partners HealthCare and GE Healthcare are launching a 10-year partnership to bring artificial intelligence into every area of hospital operations. IBM brings Watson to the hospital AI landscape in hospitals. “Progress is demonstrated by the health care AI launch to the Massachusetts General Hospital and Brigham and Women’s Hospital Center for Clinical Data Science (Partners). Multidisciplinary teams from Partners and GE Healthcare have worked to develop applications for AI in every step of the patient journey from the moment they are admitted to the hospital. “Long-term, the goal is to develop applications that improve the way illnesses are diagnosed, change how treatment is developed, decrease unnecessary biopsies, streamline clinical workflows, and increase the amount of time clinicians spend with patients.” Artificial Intelligence Market Forecasts Hospital artificial intelligence market shipments at $19 billion in 2016 are forecast to reach $50 billion dollars, worldwide 2023. These represent a very specialized type of analytics systems able to address a wide range of issues that can be newly managed with digitization. Steady growth is anticipated because the AI units are offering breakthrough treatments and diagnostic capabilities. Companies Profiled Market Leaders • General Electric • IBM Market Participants • Alphabet / Google • GlaxoSmithKline (GSK) • Merck • Prognos • Quest Diagnostics • Safeguard Scientifics • Zebra Companies Mentioned • Drug discovery artificial intelligence • Exscientia • Berg • Numerate • twoXAR • Atomwise • BenevolentAI.
Table of Contents Artificial Intelligence for Hospitals Promises Vastly Improved Care Delivery with Declining Cost of Care 1 Hospital Artificial Intelligence (Ai) Market Shares And Market Forecasts 9 Hospital Artificial Intelligence (AI) Market Driving Forces 9 Hospital Artificial Intelligence Market Shares: 11 Hospital Artificial Intelligence Market Forecasts: 12 1. Hospital Artificial Intelligence Market Description And Market Dynamics: 14 1.1 Hospital Care Management Leverages Artificial Intelligence 14 1.2 Ability of AI Solutions To Discover Schemas in Large Databases 15 1.3 Pharmaceutical Companies Using Computers to Help Them Find New Medications 17 2. Hospital Artificial Intelligence (Ai) Market Shares And Market Forecasts 18 2.1 Hospital Artificial Intelligence (AI) Market Driving Forces 18 2.2 Artificial Intelligence Healthcare Market Shares: 21 2.3 Hospital Artificial Intelligence Market Forecasts: 22 2.3.1 Airplanes Utilize Artificial Intelligence (AI) to Land Themselves 30 2.4 Hospital Artificial Intelligence (AI) Challenges 31 2.5 Artificial Intelligence Healthcare Software Prices: 41 2.6 Hospital Artificial Intelligence Regional Segments: 42 3. Hospital Artificial Intelligence Products: 44 3.1 Partners HealthCare, IBM, and GE Healthcare 44 3.2 IBM Watson 46 3.2.1 IBM Genomic And Immunotherapy Supercomputing for Patient Management 49 3.2.2 Mayo Clinic and IBM Watson 50 3.3 Google’s AI subsidiary DeepMind is partnering with another UK hospital 51 3.4 Prognos 52 4. Hospital Artificial Intelligence Research And Technology: 53 4.1 Tesla’s Elon Musk 53 4.2 Research at Google 54 4.3 IBM AI Research 55 4.3.1 Neural Representation of Sketch Drawings 56 4.4 Superstar Companies That Are Able To Leverage IT to Achieve Growth 57 4.4.1 Using Digital Technology To Create Market Disruption 58 4.5 Google and Nvidia Artificial Intelligence 59 5. Hospital Artificial Intelligence Healthcare Companies 60 5.1 Alphabet / Google 60 5.1.1 Google Artificial Intelligence Subsidiary DeepMind Healthcare Initiative 60 5.2 General Electric (GE) 61 5.2.1 General Electric Revenue by Segment 61 5.2.2 GE Healthcare and Massachusetts General Artificial Intelligence 62 5.3 GlaxoSmithKline (GSK) 65 5.3.1 GlaxoSmithKline Deal For Artificial Intelligence With Privately Owned Exscientia 65 5.4 IBM 65 5.4.1 IBM Watson Genomics by Quest Diagnostics 67 5.4.2 IBM Watson Healthcare Revenue 68 5.4.3 IBM Watson Solutions Software Healthcare Revenue 69 5.5 Merck 70 5.6 Prognos 71 5.6.1 Coding Healthcare Datasets Full Of Unstructured Text 73 5.7 Quest Diagnostics 77 5.7.1 IBM Personalized Healthcare: Watson Genomics from Quest Diagnostics 78 5.7.2 Quest Diagnostics Revenue 79 5.8 Safeguard Scientifics Announces Second Quarter 2017 Financial Results 79 5.8.1 Safeguard Scientifics Prognos DxCloud 80 5.9 Zebra 80 Market Research Study 84 Report Description: Hospital Artificial Intelligence Models Matter 85 Abstract: Artificial Intelligence for Healthcare Promises Vastly Improved Care Delivery with Declining Cost of Care 1
List of Figures Figure 1. Hospital Based Artificial Intelligence Market Shares, Software, Dollars, Worldwide, 2016 11 Figure 2. Hospital Artificial Intelligence Market Shipments Forecasts Dollars, Worldwide, 2017-2023 13 Figure 3. Artificial Intelligence Components 16 Figure 4. Artificial Intelligence Predictive Functions 16 Figure 5. Selected Start-Ups Applying AI to Drug Research 17 Figure 6. Hospital Artificial Intelligence (AI) Market Driving Forces 18 Figure 7. Healthcare Safety Features Implemented by Artificial Intelligence (AI) 19 Figure 8. Hospital Based Artificial Intelligence Market Shares, Software, Dollars, Worldwide, 2016 21 Figure 9. Hospital Based Artificial Intelligence Market Shares, Software, Dollars, Worldwide, 2016 22 Figure 10. Hospital Artificial Intelligence Market Shipments Forecasts Dollars, Worldwide, 2017-2023 24 Figure 11. Hospital Artificial Intelligence Market Shipments Forecasts Dollars, Worldwide, 2017-2023 25 Figure 12. AI Replacements for Supervised Manual Techniques For Diagnosis And Care Delivery. 26 Figure 13. Hospital Artificial Intelligence Long-Term Goal 27 Figure 14. Applications That Support Interaction With Humans Is A Way to Make Outcomes Recognizable And Believable 28 Figure 15. Artificial intelligence Action Functions 29 Figure 16. Hospital Artificial Intelligence (AI) Challenges 31 Figure 17. Hospital Artificial Intelligence (AI) Human Factors 32 Figure 18. Hospital Artificial Intelligence Software, Large and Small Systems Shipments Forecast, Dollars, Worldwide, 2017-2019 34 Figure 19. Hospital Artificial Intelligence Software, Large and Small Systems Shipments Forecast, Dollars, Worldwide, 2017-2019 35 Figure 20. Hospital Artificial Intelligence Software, US and Worldwide, Shipments Forecast, Dollars, Worldwide, 2017-2019 36 Figure 21. Hospital Artificial Intelligence Software, Large Systems, Shipments Forecast, Dollars and Units, Worldwide, 2017-2019 37 Figure 22. Hospital Artificial Intelligence Software, Large Systems, Percent Penetration Forecast, Dollars and Units, Tier One Hospitals and Research Facilities, US and Worldwide, 2017-2023 38 Figure 23. Hospital Artificial Intelligence Software, Large Systems, Installed Base and Penetration Forecast, Dollars and Units, Tier One Hospitals, US and Worldwide, 2017-2023 39 Figure 24. Hospital Artificial Intelligence Software, Small Systems, Shipments Forecast, Dollars and Units, Worldwide, 2017-2019 40 Figure 25. Hospital Artificial Intelligence Regional Market Segments, 2016 42 Figure 26. Hospital Artificial Intelligence Regional Market Segments, 2016 43 Figure 27. Truven Health Analytics Products 48 Figure 28. IBM TrueNorth Neurosynaptic System 55 Figure 29. AI Makes Words Manageable 56 Figure 30. GE Healthcare and Massachusetts General Artificial Intelligence Healthcare Initiative Workflow 63 Figure 31. GE Healthcare and Massachusetts General Artificial Intelligence Healthcare Initiative Center of Excellence 64 Figure 32. Prognos Investors 71 Figure 33. Percent Patients with Abnormally High Test 5 years Prior to First Pancreatic Cancer Diagnosis Stratified by Test and by Year 75 Figure 34. Prognos Pancreatic Cancer Diagnosis Test Result Variance 76 Figure 35. Watson Genomics from Quest Diagnostics Features: 78
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