AI to become a top investment area in the next three years: study

Currently, 38% of healthcare leaders are already investing heavily on AI.

More than three in 10 healthcare leaders (38%) in Singapore are investing heavily in artificial intelligence in a bid to supercharge care in the city-state, the Philips Future Health Index 2022 report unveiled.

Within the next three years, 74% of healthcare leaders expect AI to become a top investment area in the industry.

Currently, healthcare leaders said their highest AI investment is for operational settings (16%), whilst only 12% invest in AI for clinical decision support which includes uses related to diagnosis or treatment recommendations, early warning scores, automatic disease detection and clinical decision guidelines.

Others are investing in AI to integrate diagnostics (34%) and predict outcomes (32%).

Whilst Singaporean healthcare leaders see AI as a key investment for the near future, many are already utilizing predictive analytics in some capacity, with almost half (45%) saying their hospitals or healthcare facilities have already adopted the technology.
 
As with AI adoption, predictive analytics are more likely to be used today in operational settings (87%), supporting tasks such as financial forecasting (26%), capacity planning (22%) and maintenance prediction (22%). However, when asked about the areas where their facilities could most benefit from predictive technologies, leaders are significantly more likely to indicate clinical uses (92%).