Parth Patel - Serial Entrepreneur & CEO of SyS Creations https://www.theproche.com/author/parth/ Tue, 29 Nov 2022 16:12:07 +0000 en-GB hourly 1 https://wordpress.org/?v=6.3.2 How RPA is Elevating the Pharmacy Business? https://www.theproche.com/how-rpa-is-elevating-the-pharmacy-business/ Sat, 27 Aug 2022 08:59:01 +0000 https://www.theproche.com/?p=13010 RPA is the key! A key to success. A key to pour the magic. And a key to bring peace of mind into the ecosystem. Unlike others, this entire article is beyond just information. It is an experience! First thing first, we were not familiar with the real-world scenario of RPA in the pharmacy business. […]

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RPA is the key!

A key to success. A key to pour the magic. And a key to bring peace of mind into the ecosystem.

Unlike others, this entire article is beyond just information. It is an experience!

First thing first, we were not familiar with the real-world scenario of RPA in the pharmacy business. We only aware of its internet-based information.

But almost a month ago, one of our team members told us about it.

She shared a journey of how her cousin saved almost 70% of the time for the data-entry process.

So, we have decided to communicate with her cousin in order to understand every ins and outs of the RPA.

And here is what we encountered.

  • It opened endless possibilities to thrive.
  • Helped to focus on the outcome. Not in the process.
  • Allowed to add value to customer satisfaction
  • Saved time, costs, and resources

Means, it transformed the entire ecosystem with ease.

So, in this blog, we are going to share how RPA in the pharmacy business is a way to bring change to the ecosystem.

First, let’s understand the RPA in the true sense!

RPA stands for Robotic Process Automation.

It is a robust tech solution that helps business or enterprise to automate their computer-based repetitive tasks just like Tesla!

RPA performs tasks the same as humans but in a more effective, efficient, and faster manner.

But does the pharmacy business really require RPA?

Undeniably yes!

Tons of repetitive workload is something that restricts the pharmacy business to thrive at a rapid pace as it is time-consuming and error-prone.

RPA shatters all the obstacles without compromising resources, costs, and time.

It helps the staff members to focus on the meaningful areas of the organization that need improvement or attention.

That’s the reason, the RPA solution market is growing at a tremendous rate.

As per Grand View Research, “The global RPA market size was valued at USD 2.32 billion in 2022 and is expected to reach USD 30.85 billion in 2030”.

North America Robotics Process Automation Market

RPA in pharmacy business: How is it elevating the enterprise?

RPA automates both front-office and back-office repetitive tasks.

Here are its use cases.

  • Automatic notification or alert
  • Reports analyzing and document filling process
  • Automate scheduling procedures
  • Streamline and accurate data transfer between two systems
  • Enhanced and insightful reporting creation
  • Creates documents precisely
  • Ensures data compliance
  • Data-entry process
  • Speeds up the clinical trial process
  • Automating supplier onboarding to eliminate errors and ensure compliance at the same time

Areas in which RPA is bringing peace of mind!

The pharmacy business is experiencing the true potential of the RPA in almost every corner of the ecosystem such as,

1. Clinical trial management

  • Patient matching procedure
  • Upload data automatically in TMF (Trial Master File)
  • Extract data directly from the PDF or image with RPA solution and OCR (Optical Character Recognition)

2. Supply chain and inventory management

  • Real-time inventory management
  • Comprehensive supply and demand planning
  • Billing and invoice management
  • Purchase and order management
  • Returns and refunds process

3. Drug sales

  • Predicting future sales
  • Creating a more effective and promising sales planning
  • Data gathering, management, and implementation along with a comprehensive analysis

4. Human resource management

  • Expense management
  • Travel and time record management
  • Employees master data management

5. Compliance and regulatory needs

  • Access and compile the data
  • Maintain data in an efficient manner

6. Administrative tasks

  • Auto-refill process
  • Patient data management

7. Medical billing and invoicing

  • Extracts the data from the PDF or image
  • Send invoices and track payments
  • Automate recurring invoices

The importance of RPA implementation in the pharmacy business

The image speaks for itself.

RPA opens a vast number of doors for the pharmacy business to achieve enterprise goals without adding any complexity.

  • It reduces the possibilities of life-threatening and costlier medical errors.
  • Lowers the work burden of the pharmacy staff members
  • Enriches the productivity, operational efficiency, and effectiveness
  • Faster and accurate customer service
  • Lowers the operational and resource costs
  • Boost the ROI

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

Bill Gates

RPA is leading the way to transform the pharmacy business approaches from tedious to peace of mind.

On a crucial note, a selection of the right RPA tool is important in order to get the best results.

For instance, UiPath is one of the most popular RPA tools across the globe.

So, we have done comprehensive research on it and came up with two real-world case studies that will help you understand how RPA in the pharmacy business is a key to success.

Explore the 2 case studies to comprehend the potential of the RPA in the pharmacy business

#Case study – 1: Thermo Fisher Scientific

Concern:

  • Managing payments and 824,000 invoices per year was a tedious and complex procedure
  • Extracting the data from the large-scale PDF files and doing the data-entry process manually
  • They are tired of the manual, repetitive, and time-consuming tasks

RPA was the only feasible solution they encountered!

With UiPath, the company shattered all the obstacles that are restricting them to focus on the key areas of the organization.

Result:

  • Reduce the invoice processing time up to 70%
  • 85% accuracy in the data collection process
  • Zero human intervention in almost 53% of all invoices

Explore the entire case study: Automating invoice process

#Case study – 2: Covestro AG

Concern:

  • Time-consuming sick leave certificates processes
  • Manually Comply with government regulations on a daily basis
  • Processing time was 7 minutes per 1 sick leave

UiPath was there to help!

With the help of AI (Artificial Intelligence) & RPA, it helped Covestro to streamline the sick leave certification process.

Result:

  • 95% accuracy
  • 50% straight-through processing
  • 85% reduction in time
  • Just need to review the output which takes 1-2 minutes

Explore the entire case study: Streamlined repetitive HR processes

This is how RPA is helping businesses to thrive in the most efficient and effective way.

Final words

RPA allows businesses to focus on areas that matter the most.

With AI, RPA, OCR & pharmacy app development, the possibilities are endless for pharmacy businesses to thrive without any hassle.

But remember, selecting the right tech solution is essential in order to not let your guard down in this competitive market. So, focus on the outcomes. Not on the problems!

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Are Robotics And Machinery The Future Of Industries? https://www.theproche.com/are-robotics-and-machinery-the-future-of-industries/ Mon, 13 Sep 2021 15:01:57 +0000 https://www.theproche.com/?p=9582 It really is no secret that robots have been taking over many industries and companies. It was first introduced in the US in 1960 and since then has only continued to grow. With the passage of time, people and companies have started to rely on robots. This widespread use of robots and machines hint at […]

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It really is no secret that robots have been taking over many industries and companies. It was first introduced in the US in 1960 and since then has only continued to grow. With the passage of time, people and companies have started to rely on robots. This widespread use of robots and machines hint at a bright future ahead for artificial intelligence. With every new day comes the addition of robots and machines in everyday workplaces.

Like with every new technology, the idea of robots taking over is as exciting as it is frightening. Is it truly possible that there could be a time when we would no longer need managers? When would a robot be able to have the same decision-making skills as a human manager? Whether that is possible or not is still a mystery we are trying to solve, but there are no doubts about the benefits robots have brought to workplaces so far.

Some of the common advantages of this widespread use of machines in workplaces include:

Cost-Effective

At first, machines or robots might seem like an expensive investment. Though with time, it proves itself worthy of it. Once the investment cost has been recovered, the output can be increased at cheap costs. This results in higher long-term earnings for the company. If these machines are well maintained, they can end up lasting for a very long period of time. 

Not only are machines cost-effective in terms of labor, but also when it comes to materials. Due to their accuracy and precision, they waste fewer materials. This ends up saving companies money in the long run. While a company might have to pay money monthly to human labor, machines are only a one-time valuable investment. Most of these machines end up lasting for multiple years.

Productivity 

A human cannot compare their skills with a robot no matter how strong or fast they are. This is because at the end of the day the human brain is bound to get tired if used continuously. However, that is not the case with machines or robots. Machines are not capable of getting tired and can work all day and night. There is also a risk of errors if the person working on a task is tired. Though machines are never tired and are programmed to perform tasks, they can work without errors.

It is not possible for humans to become faster than what their body allows. There are certain limitations to the human body. Such limitations do not exist in machines and so they can be as strong or fast as we want them to be. All of this results in a higher productivity rate amongst companies.

Efficiency and precision

Unlike humans, machines do not have to worry about trembling hands or poor eyesight affecting their work. They are much more precise and can come in all shapes and sizes suitable for their task. Multiple machines can work together efficiently to save time. They would not require any breaks and are far more reliable than human labor. Some machines are even programmed to record their mistakes to learn from them or improve.

As machines are customized specifically for these tasks, they are able to provide a level of accuracy not achievable by humans. This creates an overall smoother flow of work at companies or industries. For example, a machine specially designed for looping threads through a needle such as an automatic needle threader will be much faster than a human.

Consistency

The constant smooth workflow also adds to a consistent work environment.  Machines do not cause any delay and are able to work in continuous harmony. They are also able to multitask and are never dependent on another individual. Since machines are not prone to errors, they are able to work consistently. This helps provide consumers with constant good quality products in a consistent manner. Similar to how powder filling machines are able to consistently work throughout the day in a precise manner no matter how repetitive the task might seem to a person.

Safety

Machines are not only used because of their productivity but also because of the situations that they can handle. They can be used in dangerous environments without having to compromise the safety of a person. These dangerous situations can consist of extreme weather conditions such as heat or wind. Other hazardous conditions can consist of tight spaces or toxic chemicals. For example, machines are being used more in chemical industries. This reduces the worry of human labor having to deal with chemical spills.

Robots and machines do not have the privilege to be able to say no to tasks. This allows us to be able to send machines in situations where we cannot send humans. They are also able to carry heavy loads without having to injure themselves. There’s also a risk of humans being involved in accidents while working which could harm their health. By using machines in workplaces, we are able to create a safer environment for the employees. Employees will no longer have to perform dangerous tasks or tire themselves out. This can result in employees becoming more satisfied and happy too.

Conclusion 

It is obvious that the usage of machines and robots are opening new possibilities in the industry. At the end of the day, any new change can be scary. There are many worried about how this will affect employment. They believe that the replacement of human labor with machines might result in a decrease in the employment rate. While this is a valid concern, we must acknowledge its numerous advantages. It might also bring in new jobs as people will be needed for the maintenance of machines. So while some jobs might be taken, many more job opportunities might open.

However, we will not know until we do not give it a try. There is no doubt that an innovative future lies ahead of us.

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Business Growth: Strategies that Will Help Your Business Succeed https://www.theproche.com/business-growth-strategies/ Sat, 24 Jul 2021 14:56:30 +0000 https://www.theproche.com/?p=9214 Many business owners are looking for strategies that will help their business grow. It’s one thing to start a business, but it is another thing entirely to make that business successful. The biggest problem with starting businesses is that most people are unaware of the strategies they need to succeed. Many new entrepreneurs”wing it” and […]

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Many business owners are looking for strategies that will help their business grow. It’s one thing to start a business, but it is another thing entirely to make that business successful. The biggest problem with starting businesses is that most people are unaware of the strategies they need to succeed. Many new entrepreneurs”wing it” and hope for the best. This can lead to failure or mediocre success at best.

Business owners are often confused about which business strategies to implement to grow their business. As a result, they end up implementing OKRs and ineffective strategies that do not help their businesses grow. This leads them to believe that growth is dependent on luck or fate rather than the right strategies. The good news is that there are some effective business strategies you can use today! Another good news is that you can have experts like Steven Fata to guide you on strategies that will help thrive your business. In this blog post, we will discuss three of these successful tactics for your small business.

Tips to Achieve Business Growth and Success

1) Make a list of your goals: This is an important step because it forces the business owner to take some time to think about what needs improving in their business and what they want out of it. It also helps them establish priorities with regard to these goals.

2) Research competitors: The more knowledge a business has of its competitors, the better they are at achieving success. They understand where their company stands within its industry and how business best practices are evolving.

3) Enhance Customer Service: Any business will prosper when it provides its customers with the best possible service. This is one of the most important strategies for business success as customer satisfaction, and retention is very high on a company’s list of priorities, which increases business growth potential.

4) Enhancing and Refining Products or Services: Along with business strategies for growth, a business can also enhance or refine its products or services to make them even better. Business owners can increase business growth potential as word of their enhancements or refinements spreads, which creates business success.

5) Maximizing the Internet: Nowadays, many businesses rely on the Internet to advertise and sell their products. The business strategies for growth include maximizing the Internet so that business owners can reach out to potential customers, which will create business success in terms of high customer satisfaction rates. There’s the prospect of future business opportunities opening up as well. For example, entrepreneurs can pay a web design company they find over the Internet to create the business’s website or create their own business website with a blog and social media profiles.

6) Place More Value on Customers’ Feedback: Business owners can also create business success by placing more value on their customers’ feedback. A business owner who listens to customer complaints and takes the time to fix any problems, as well as reviews suggestions from potential customers and makes changes based on those comments, will find themselves with a higher satisfaction rate for their business because they have addressed issues that others have found.

Here are some recurring revenue ideas to achieve business growth.

Infographic created by Clover Connect, a payment integration solutions company

Applying Good Business Management Strategies

Businesses will only be able to thrive if business owners apply good business management strategies. One of the best business strategies is to provide high-quality products and services while providing excellent customer service so that customers are satisfied with their purchases, no matter what they may be. Most of the time, entrepreneurs focus more on their products or services instead of on their customers.

However, entrepreneurs need to realize that it is more important to focus on customers because they are the ones who will keep businesses up and running. Satisfied customers can become great product advocates for business owners, so business owners should do their best to make sure they take care of them.

One of the best ways to appease customers is to employ good business management strategies. After all, businesses that are managed properly can not only help business owners generate more revenue, but they can also help businesses become more successful in the long run.

Another important business management strategy that entrepreneurs should focus on is investing in their employees so that those workers feel rewarded for what they do and are motivated to work harder. When people who work at companies have great job satisfaction, it benefits business owners because they are more likely to stay with the business and be productive.

Most business owners also need to make sure that their business is always growing, which means that entrepreneurs should find ways to expand into new markets and increase product lines for companies to grow exponentially without ever feeling bored or stagnant.

Investing in Success

Entrepreneurs can maximize so many growth and success opportunities. It is just a matter of time, patience, dedication, and business planning before they reap the benefits of their efforts. For business owners, it’s important to find strategies for growth that are sustainable and profitable. Those who have a plan in place should be able to prepare and make smart decisions when necessary so that business success can continue well into the future. Visit Bizfundinghub.com for a guide to running your business successfully.

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4G Vs 5G – What’s the Difference? https://www.theproche.com/4g-vs-5g-whats-the-difference/ Sun, 24 Jan 2021 14:43:12 +0000 https://www.theproche.com/?p=7259 4G stands for the fourth generation wireless internet technology. While 5G is a step up and stands for the fifth-generation wireless internet technology. 5G is superior to 4G in most ways, it is faster, lower latency, and has more bandwidth. It is, however, not as widespread yet.  As a network engineer, I get questions about […]

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4G stands for the fourth generation wireless internet technology. While 5G is a step up and stands for the fifth-generation wireless internet technology. 5G is superior to 4G in most ways, it is faster, lower latency, and has more bandwidth. It is, however, not as widespread yet. 

As a network engineer, I get questions about 5G all the time. What to expect from it, and how it differs from 4G. Here is my answer, so keep reading to learn more. 

Speed

When talking about 5G, speed is the most mentioned differential factor from 4G. And this is somewhat expected since every new cellular generation has been faster than the previous one. 4G has a max capacity of around 100 Mbps, but the real world speed users get a range between 15-40 Mbps. 

This is significantly slower compared to 5G. It has a max capacity of 20 Gbps, 100 times that of 4G. The real-world speeds are however slower, ranging from 50 Mbps to 3Gbps. Although it’s not that simple. This is because there are three main types of 5G, which operate on different frequencies and speeds. 

The slowest one is called low-band 5G, this is somewhat faster than 4G with a speed of around 50-250 Mbps. It operates between 600-850 MHz which is very similar to the one 4G networks use. It trades speed for coverage.

The middle one is called mid-band 5G. It supports speeds between 100-900 Mbps and operates in the 2.5-3.7 GHz range. It has a lower coverage per cell tower than low-tier but is faster. 

The highest speed is high-band 5G. It supports speeds between 1-3 Gbps and operates in the 25-39 GHz range. This type of 5G has a very short range but insane speeds, therefore, it will operate in cities and other densely populated areas. 

Latency

Latency is the speed it takes for a packet (data) to travel between your device to the internet and back. You can think about it as a delay between giving a command (like start loading a web page) to when the process actually starts. It should not be confused with internet speed. 

4G has a latency of around 50 milliseconds, compared to 5G which has a latency of 1 millisecond. 

5G low latency will help develop new service devices that rely on fast communication with the cloud. These could include self-driving cars, remote surgical operations, and translation software.

Coverage

As for now, 4G has a much bigger coverage compared to 5G. But this is bound to change in the foreseeable future. As for 2020 the infrastructure spending was 5G is $8.1 Bn, and that number will rise. 

Currently, 5G exists in about 300 cities worldwide. But the coverage in these cities is often limited to certain areas. And as for low-band and mid-band, the coverage is nearly non-existent. This is because most internet companies are starting from the top and going down. Beginning with high-band 5G in the cities and then goes down from there.

Technologically speaking, 4G has a better coverage range per cell tower compared to the mid-band and high-band 5G, but roughly the same as the low-band 5G. 

Bandwidth

5G has significantly more bandwidth than 4G. This is because 5G has more efficient use of the spectrum. 4G only uses 600 MHz to 2.5 GHz while 5G is split into three types. And each uses a different interval of the frequency spectrum. 

These three types have their own range and speed which makes them useful for different applications. These could be consumers, industries, factors, or business. This is one of the biggest pros with 5G and is a big part of why it’s pushed as hard. 

What is next

5G isn’t going to replace 4G in the near future, they will in fact coexist and work like complements to each other. 5G is also not made to replace Wi-Fi either, but rather an alternative where there is no Wi-Fi or very slow Wi-Fi.

As connectivity improves it is used to power more and more complex network infrastructure. Things like smart homes, phones, cars, and garbage systems are all getting connected to the cloud. 

Wireless technologies such as Bluetooth, WiFi, and 4G have a performance trade-off when connecting to many devices. But 5G has no such trade-off and will, therefore, enable a more connected society. 

Bottom Line

5G is superior to 4G in nearly every way. It is faster, has lower latency, and improved bandwidth. But as for today, it’s not nearly as widespread. 

My guess is that in the next 5-10 years we will be using 5G for the most part. With 4G being something of the past.

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How Robotic Process Automation and Pandemic are transforming the Accounting Industry? https://www.theproche.com/robotic-process-automation-for-accounting-industry/ Thu, 29 Oct 2020 07:14:34 +0000 https://www.theproche.com/?p=6539 The COVID-19 pandemic brought every economy to its knees and boosted up the adsorption towards RPA within the overall accounting firms. With government guidelines such as maintaining social distancing, avoiding public gatherings. Every industry needs to work with its minimum workforce. The ratio of unemployment increased globally as the companies felt a shake down and […]

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The COVID-19 pandemic brought every economy to its knees and boosted up the adsorption towards RPA within the overall accounting firms.

With government guidelines such as maintaining social distancing, avoiding public gatherings. Every industry needs to work with its minimum workforce.

The ratio of unemployment increased globally as the companies felt a shake down and paying salaries to the employees appeared a massive burden.

The pandemic at a global level escalated the automation in every industry whether it is E-commerce, customer service and accounting is not an exception to it.

Accounting firms need to understand the gravity of Robotic process Automation which helps in increasing the efficiency as well as it upgrades the client services.

Though accounting firms were earlier aware about the pros and cons of RPA but after the pandemic it was taken into consideration.

The demands for better remote collaboration is increasing and the need to contain costs are actually driving the interest associated in RPA.

The potentiality of RPA in automating a wide range of activities and even there are no complex algorithms which can help is escalating the pace which directly becomes connected to the firms.

What is RPA?

You must be wondering what RPA actually is?

The software bots help the accountants to tackle crucial yet complex tasks which are time-consuming such as audit, attest, and the activities related to tax.

Bots work as per the advanced microsoft excel which can perform multiple applications.

These bots are capable of holding a larger volume of data than the typical macro such as general ledger or ERP work that can perform various tasks across different platforms.

RPA restores several kinds of manual processes and makes it much quicker than the macros which were earlier used for automation.

AI and Robotics are the best way to redefine the traditional methods and deploy automation.

AI and RPA examine the tedious and long tasks which are performed by workers, accountants and tax professionals.

Such professions make their focus limited to higher level accountancy work and render more value to the companies by grasping the needs of the client and further strengthening the relationship with clients.

Why does RPA matter?

All the companies in the same industry are always in a competition to capture a huge share in the market.

The accounting firms are not an exception to this phrase.

To flourish their firm they must perform two activities:

  1. Price- Competitive
  2. Compelling to clients

When accountants gripped RPA to grip much of the high-volume transaction processing.

It increases the functionality of the firm and it also saves time on cost and even attracts more clients.

Unlike humans, RPA does not have any working limits. Bots can run 24/7 and round the clock for 365 days.

These high level productivity in the firm is next impossible without RPA and humans have certain limitations.

The increase in productivity is highly appreciated by the owners of the accounting firms which renders a competitive advantage over clients.

RPA can be deployed to perform numerous tasks which includes accounts payable, accounts receivable, financial statements, controller work, financial planning and other tasks where an accountant employs an associate accountant.

All the tedious and time consuming processes can be performed by RPA without any hassle.

Three Keys to work with RPA

Automation is the new common in every industry. Accounting firms have lots of tasks which are time-consuming and which requires professionals. RPA in accounting provided an ease to these tasks and now they are successfully deployed across every accounting firm.

  • Realize that humans needs to be a part of the equation

Bots and automations can never replace the human or precisely an accountant. Clients will always ask for an expert for getting advice in financial as well as compliances.

The laborious and low level of accounting tasks can be performed by RPA and the associate and junior level accountants are set free to focus more on competitive tasks.

Accountants can perform better and their core focus can be serving the clients and maintaining a good relationship with them by providing satisfaction and retention.

RPA further helps in improving the audit quality, increasing regular trust in the overall system of the firm, quality control and generating more financial benefits for the firm.

  • Ensure that RPa is continuously evolving

Automation in accounting started with a simple Microsoft Excel sheet and further evolved into bots which further processes routine tasks quickly.

Technology will make continuous improvements and even add value to all the business resources which authorizes firms to provide services which are upto the next level.

RPA must keep advancing because all the rules and regulations will get changed and RPA needs to change its tasks along with it.

  • Understanding that RPA is not a magical bullet.

RPA is a technology which is crucial for the accounting firms but it is not the ultimate solution provider.

RPA can bring more profits and generate more revenue for the company as the high quality finance department analysis and standardization of workflow even gets executed by RPA.

RPA in future will continue to shine

RPA in accounting is likely to reduce labour costs, shorter cycle times, increased accuracy and simplification of workflows.

RPA is continuously making some changes in the accounting firms. It becomes quite important to remember that RPa will not ever completely eliminate the involvement of humans.

The laborious tasks of accounting which were earlier been performed by the accountants will get performed by RPA and such junior accountants and associates will get the time to focus on their core.

RPA helps in diminishing the transactional data processing, accountants need to divert their focus on adding more high value to analyze their financial transactions which help their clients to take proper financial decisions. The major leaders of the accounting firms will focus more on RPA solutions that will boost up the growth of accounting firms and even serve as practical tools which help in controlling the repetitive tasks that might cause operational inefficiencies.

Summing up

Automation is not what takes your job but makes it easy, fast and cost-effective. If you are planning to bring RPA in accounting for your company, do let us know. We can help you automate most of your accounting processes.

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Top 5 AI Healthcare Trends https://www.theproche.com/top-5-ai-healthcare-trends/ Wed, 16 Sep 2020 13:56:25 +0000 https://www.theproche.com/?p=6177 By the year 1990, individuals were not aware of the internet particularly known as the World Wide Web was lined up to play havoc with the contemporary culture. In the year 2019, Artificial intelligence has proved itself as the game-changer in each and everything that revolves around the technology and the internet. Along with innovations […]

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By the year 1990, individuals were not aware of the internet particularly known as the World Wide Web was lined up to play havoc with the contemporary culture.

In the year 2019, Artificial intelligence has proved itself as the game-changer in each and everything that revolves around the technology and the internet.

Along with innovations in healthcare, AI has been predicted to be in the pool of $200 billion industry by the year 2025 and even the major investors are crawling to get into the AI industry so that their investments in the industry can bring the desired success.

While on the other hand there are consumers and users who are eagerly waiting to come up with new healthcare apps along with the functionality of AI into it.

The ongoing AI trends set’s one sight on improving the results of the patients, it often provides a wide range of choices that matches the interests of the healthcare industry investors along by reducing the costs of medical services that get provided to the patient.

Assistive robots and chatbots are being used all over the major platforms of the internet and in almost every sector whether it is healthcare, medical and much more.

In healthcare, there are various support robots and chatbots that help in treating and diagnosing the health problems and issues of the people whether they get their treatment remotely.

Some robots in AI are configured in such a manner that they can even conduct cognitive tests and behavioural therapies for the patients.

There are always changes taking place according to the current flow and demand of the market and there are majorly five trends that help in the structural formation of the future of AI in the healthcare industry.

Let us discuss those 5 major trends in detail:

1. Patient-centred Approach

Whenever the license is procured for practice by the physicians than patients are considered as the top priority over all the principles.

Patient-centric intensive care faced a major setback because of rising costs in healthcare along with restricted medical resources and where the demand for medical services is rapidly increasing.

Furthermore, the overall medical environment has been changing rapidly and the number of patients facing chronic diseases and illness is increasing which drags the healthcare professionals in a dilemma as they feel they are not fully equipped to take proper care of the patients.

This might be one of the reasons why researchers and IT professionals are building AI  that helps the doctor and other healthcare professionals by providing a Patient-centred approach.

The standardized approach of apps on smartphones and devices for home care and health solutions is transforming the outlooks of the healthcare industry.

This centralized approach of patients in AI is further making it easier for both doctors as well as patients to deliver and receive high-quality care.

Individuals are inclined more towards participating in high-quality care and Artificial intelligence helps in taking that trend to keep moving forward.

2. Data-Driven medicine

Medicines are driven by science and technology and data drives the mechanism and subjects of Science.

Medical care is expected to get upgraded if patients can voluntarily approach the records of their own medical documents and keep it accessible for their further use.

Experts are of the opinion that such data is not structured ina complete way which makes it more difficult to navigate the flow of information and healthcare data mining can get possible with the help of AI.

The utilization of electronic health data from patients all over from the country got accessible with the help of Artificial intelligence.

AI assembles data that can be further used for clinical research and reviews and there are programs that are specially designed for identifying treatments depending on the evidence which a patient produces.

Data is an important component for AI which is highly responsive and it is for knowledgeable medical decisions that make the bond much stronger between data and medicines.

3. Medical Imaging

The potentiality to grab images of the human anatomical structures has made a revolutionary change in the healthcare industry.

Not only radiologists and doctors can monitor patients suffering from cancer but the potential of using technology to construct and made new inventions and discoveries in the era of the human brain.

Scanning and X-rays get too expensive when patients do not possess any medical claim and insurance.

The major focus of IT professionals has taken drift and now they are finding out new ways of developing cheaper AI imaging machines and software.

For example, Google Deepmind’s medical assistance of imaging can identify around 50 eye diseases which can threaten even the eyesight.

Other AIs in the market can further recognize markers of strokes, specify lungs and liver and can even identify the kids and children who are facing dyslexia and autism with just an IOS app.

There is also an AI that can perceive tuberculosis and the experts also believe that there are no specific and predefined limits where AI can not function and operate properly.

4. Improving Healthcare Communication

According to research, almost millions of Americans die every year with the medical errors that were preventive.

Medical errors are the third largest reason for the deaths in the American population followed by cancer and heart diseases.

Among 80% of such cases takes place due to the miscommunication in the course of patient care transfer.

The communication in the healthcare staff is not the sole problem as the patient-doctor relationship is getting exhausted though doctors are trying their level best to improve it.

Research and development in Artificial intelligence are likely to answer the question and bridge the gap between patients and doctors by providing a platform for better communication in the healthcare industry.

There are a number of apps that provide patients to allow and chat with doctors and provide a specific schedule for their appointments from the comfort of their home.

New technology also facilitates doctors and physicians to compare themselves with other doctors who are dealing with the same category of patients and what are the ways that are been adopted by others whether it is medicine, advice or anything else.

Improving communication between patients and doctors and doctor to the doctor becomes an important part of its continuous growth and development of the medical industry.

That’s the reason why major giants like Google and Microsoft are looking for ways to crawl into this AI healthcare industry.

5. Information Technology

The major shift in the era of IT where development and growth in the healthcare industry combined with technology is the major talk of the town.

The focus on medical products has been transmitted to the services and solutions in the past few decades.

Presently our focus is on real-time, outcome-based care and the upcoming decade is taking the next move in medical solutions using AI, robotics and virtual and augmented reality which provides intelligent and convenient solutions for evidence and outcome-based health.

The successful operations of health on IT proves to reap benefits in the next few decades as well.

Wrapping up

In spite of the growth and development in Artificial intelligence in healthcare and the challenges of AI, components can address such issues on their own.

Searching for new technology and marketing teams to control and manage the development in the healthcare industry.

Such teams are required to get large quantitative and qualitative data for AIs to learn and also make a point to optimize their imaging and processing systems to make sure of the validity in artificial intelligence.

By implementing such changes in the uniform standards for the use of AI in healthcare there will be a gradual shift towards the increase in demand.

The future of Artificial intelligence is indeed the brightest future when compared with the rest of the technology.

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