Another great webinar from Peerr. The topic was "Are we putting too much faith in AI"
Yes religion was a mentioned in this thought provoking conversation with Hassan Chaudhury HonFAPM Jessica Rose Morley, PhD and Keith Grimes
Below is my summary of the key points and 3 great quotes.
1) Healthcare Challenges:
Global healthcare systems face common issues like aging populations, staffing shortages, and limited financial resources. Simply increasing funding often fails to improve outcomes, as shown in comparisons between countries like the US and UK.
2) AI in Healthcare (P4 Medicine):
AI holds potential to make healthcare more predictive, personalised, preventative, and participatory, but achieving the ideal "Triple Aim" (improving outcomes, enhancing patient experience, and reducing costs) is unlikely to succeed simultaneously.
3) Practical AI Applications:
AI is most beneficial in improving operational efficiency and automating administrative tasks, such as processing free-text data in health records.
4) AI Hype vs. Reality:
While AI shows promise, there are limits, and over-reliance, especially in clinical decision-making, risks undermining healthcare professionals’ expertise.
5) Venture Capital's Role:
VC funding fuels innovation but often pressures companies to oversell AI’s capabilities, leading to unrealistic goals without solid evidence.
6) Leadership in AI and Healthcare:
Effective leadership requires deep expertise in both healthcare and AI, emphasising the need for expert-led decision-making.
7) Overconfidence in AI:
There is too much faith in AI at the expense of other critical healthcare investments, such as staff wages and infrastructure improvements. A balanced approach is necessary for sustainable healthcare innovation.
Here are 3 key quotes......
On AI and healthcare promises:
"You might be able to reduce per capita costs, but you will not improve the experience of care. Or you might be able to improve outcomes, but you won’t reduce per capita costs. So that’s why I think you’ll end up with a wonky triangle."
On AI’s potential in practical applications:
"Generative AI is really good at being able to semantically interpret the stuff that’s in the free text. So I think we will get a lot of leverage in sort of back-end operational non-sexy stuff."
On over-reliance on AI:
"Anything that we invest in AI is money that is taken away from investing in other solutions, including human solutions, including paying our staff more. We are getting perilously close to putting all our eggs in one basket."
#innovation #technology #future
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Abdul Rahyead