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The healthcare and the pharmaceutical industry is going through a massive digital change. Business models are changing rapidly, and more companies in this sector are moving towards a digital-first environment. As in any industry, the ability to take better decisions with data is crucial for the healthcare and pharma industry.
Being a data-rich industry, the ability of AI and machine learning algorithms to analyze medical data, do patient classification, and accelerate drug discovery is of great importance. For the healthcare industry, AI can help in reviewing huge amounts of data and use it to identify chronically ill patients. AI is already being used to identify dangerous diseases like cancer more accurately and in their early stages.
This is a crucial time for the healthcare and the pharma industry, and AI can be the big game-changer for ensuring success against all odds.