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Medicine of the Future: The Power of Artificial Intelligence and Big Data in Healthcare

Author

Listed:
  • Julia M. PUASCHUNDER

    (The New School, Department of Economics, New York, NY, USA)

  • Josef MANTL

    (Josef Mantl Communications, Vienna, Austria, European Union)

  • Bernd PLANK

    (Josef Mantl Communications, Vienna, Austria, European Union)

Abstract

Artificial Intelligence, Robotics and Big Data revolutionized the world. Digitalization opened unprecedented opportunities and potentials in healthcare. No other scientific field grants as much hope in the determination of life and death and fastest-pace innovation potential with economically highest profit margin prospects as does medical care. The currently ongoing digital disruption enabled big data-driven tailored personal medical care. Efficiency, precision and better quality work are beneficial advancements of AI and big data in the healthcare sector. Decentralized preventive healthcare and telemedicine open access to personalized, affordable healthcare. The currently ongoing COVID-19 crisis draws attention to international differences in healthcare. The article presents digitalization in the healthcare sector in North America and Europe in order to derive inferences on opportunities to establish a leadership in digitalized, tailored healthcare solutions for individual well-being and public care.

Suggested Citation

  • Julia M. PUASCHUNDER & Josef MANTL & Bernd PLANK, 2020. "Medicine of the Future: The Power of Artificial Intelligence and Big Data in Healthcare," RAIS Journal for Social Sciences, Research Association for Interdisciplinary Studies, vol. 4(1), pages 1-8, May.
    • Handle: RePEc:smo:jornl1:v:4:y:2020:i:1:p:1-8
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    References listed on IDEAS

    as
    1. Julia M. Puaschunder, 2019. "On Artificial Intelligence’s Razor’s Edge: On the Future of Democracy and Society in the Artificial Age," Proceedings of the 12th International RAIS Conference, April 3-4, 2019 5JP, Research Association for Interdisciplinary Studies.
    2. Julia M. Puaschunder, 2019. "Artificial Intelligence Market Disruption," Proceedings of the 13th International RAIS Conference, June 10-11, 2019 01 JP, Research Association for Interdisciplinary Studies.
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    Citations

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    Cited by:

    1. Julia M. Puaschunder & Dirk Beerbaum, 2020. "The Future of Healthcare around the World: Four indices integrating Technology, Productivity, Anti-Corruption, Healthcare and Market Financialization," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 021jpmd, Research Association for Interdisciplinary Studies.
    2. Julia M. Puaschunder, 2020. "Economic Growth in Times of Pandemics," ConScienS Conference Proceedings 001jp, Research Association for Interdisciplinary Studies.

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