Artificial intelligence can help researchers identify diseases before they happen, reducing treatment costs. Whether it is advanced data analytics or an increased use of robots in surgery, AI can be a set of tools that can assist or help doctors provide care. AI tools can also help to halt the rise of healthcare costs in several ways: they can assist surgeons in complicated surgeries; and reduce human errors by assisting in diagnoses. The predictive capabilities of AI can also help to manage re-admissions – and even the spread of epidemics – more efficiently.
Artificial intelligence, in particular machine learning, can also help in the back office with insurance claims. Using past claim data, the algorithms can quickly work through claims. The technology is not only being tested in Japan, but is also being trialed by the private sector – for example, insurance provider Prudential Singapore.
China is the leading nation when it comes to deploying AI in the context of city planning and management. Hangzhou, a city of nine million people, has built a “city brain” which ‘runs’ the government on a huge amount of data collected from sensors and cameras.