How Artificial Intelligence Will Alter Your Healthcare Experience

Artificial Intelligence Will Change Healthcare as We Know It

By Adam C. Uzialko, Write. From Business News Daily

  • Machine learning and deep neural networks have spurred significant advances in artificial intelligence.
  • Major AI applications in healthcare include diagnostics, robotic surgeries and virtual nursing assistants.
  • Healthcare AI is projected to reach $6.6 billion in value by 2021.
  • Adoption of AI could save the U.S. healthcare industry $150 billion annually by 2026.

In Star Wars: The Empire Strikes Back, Luke Skywalker is rescued from the frozen wastes of Hoth after a near-fatal encounter, luckily to be returned to a medical facility filled with advanced robotics and futuristic technology that treat his wounds and quickly bring him back to health. Of course, that’s the stuff of science fiction … for now.

The healthcare industry could be headed toward yet another high-tech makeover (even as it continues to adapt to the advent of electronic health records systems and other healthcare IT products) as artificial intelligence (AI) improves. Could AI applications become the new normal across virtually every sector of the healthcare industry? Many experts believe it is inevitable and coming sooner than you might expect.

AI could be simply defined as computers and computer software that are capable of intelligent behavior, such as analysis and learning. It is a broad category at the cutting edge of technological development, growing and changing every day.

Machine learning is the foundation of modern AI and is essentially an algorithm that allows computers to learn independently without following any explicit programming. As machine learning algorithms encounter more data, the algorithms’ performance improves.

Deep learning is a subset of machine learning that functions in a similar way with a slight twist. Deep learning goes a step further, making inferences based on the data it has encountered before. In other words, deep learning enables an AI application to draw its own conclusions. It works through an artificial neural network, which is a set of machine learning algorithms that work in tandem. A neural network loosely resembles the human brain, with a series of “neurons” that “fire” when certain stimuli (in this case, data) are present.

“Conventional machine learning solutions aren’t cognitive; they are trained from data but lack the ability to leap beyond missing or broken data and build a hypothesis about potential actions,” said AJ Abdallat, CEO of Beyond Limits. “Machine learning can be effective in detecting something anticipated, but it fails when confronted by the unexpected.”

To take artificial intelligence to the next level, Abdallat said, developers must emphasize both deductive and inductive reasoning, and emulate those cognitive patterns in the machines they design. A benefit of dynamic, deep learning solutions, he added, is that they can explain their reasoning and conclusions, a major benefit for complex decision-making.

AI is still a relatively new technology, especially in the healthcare industry where adoption remains in its infancy. As AI and machine learning tools become more sophisticated, their use cases have expanded; however, adoption of AI remains low, according to John Frownfelter, chief medical information officer at Jvion.

“We’re still in the hype phase where many organizations are trying to understand how it fits into an overall strategy,” said Frownfelter. “Early AI was seen … with more of an emphasis on pattern recognition for billing processes. It has evolved to a much more sophisticated use of deep machine learning and leveraging the power of big data.”

Modern AI applications include wide-ranging use cases, from cybersecurity to radiographic imaging, Frownfelter said. As AI applications continue to improve, the entire healthcare industry could undergo a shift. Here are some of the major ways AI is expected to shape healthcare in the coming years.

AI excels at categorizing data, especially once it has been exposed to large amounts of data on the subject. That creates great promise for AI when it comes to diagnostics – medical imaging analysis and patient medical records, genetics, and more can all be combined to improve diagnostic outcomes. Moreover, AI tools can use similar information to craft unique treatment approaches and offer recommendations to doctors.

“The really interesting developments are in the clinical arena,” said Frownfelter. “Clinical prescriptive analytics is probably the closest AI is getting to support direct patient care in 2019.”

Robotic surgeries allow surgeons to use smaller tools and make more precise incisions. Surgeons (and patients) could also benefit from AI by combining medical records with real-time data during operations, as well as drawing on data from previous successful surgeries of the same type. Accenture, a technology consulting firm, estimates that AI-enabled, robot-assisted surgery could save the U.S. healthcare industry $40 billion annually by 2026.

Think of virtual nursing assistants like an Alexa for your hospital bedside. These virtual assistants replicate the typical behavior of a nurse by assisting patients with their daily routines, reminding them to take medications or go to appointments, helping answer medical questions and more. Accenture estimates that virtual nursing assistants could be the second-largest source of annual savings for the U.S. healthcare industry, cutting as much as $20 billion in costs.

Naturally, medical practices, hospitals and other points of care result in a great deal of paperwork. In fact, it was consolidating and digitizing these records that led to the industry-wide adoption of electronic health records systems. AI has already started to make its way into these systems and can be used to streamline administrative functions as well. Accenture estimates that new efficiencies in administrative workflow due to emerging AI technologies could result in $18 billion in annual savings.

Already, automated scheduling and appointment reminders are commonplace, but the face of patient engagement could soon become more robotic (and yet, at the same time, more personal.)

“There has, rightly so, been a focus on how AI can be used to better diagnose and cure patients,” said Phil Marshall, co-founder of Conversa Health. “That’s important, but now we are seeing a shift to the ways AI can extend into the patient experience.”

For example, patients who are concerned about a specific condition or the side effects of treatment could query a chatbot at any time, even when their doctor is not available, Marshall said.

“Imagine a cancer patient undergoing radiation [who] is unfamiliar with what is a normal side effect and what isn’t. Now, instead of worrying through the night until the doctor’s office opens, the chatbot can let them know,” he said.

What is all this worth? Accenture estimates the top 10 AI applications in healthcare could save the industry $150 billion annually by 2026. The AI healthcare market itself is projected to be worth $6.6 billion by 2021, which represents a massive compound annual growth rate of 40% since 2014 but also a modest investment when compared with the anticipated savings directly related to the adoption of AI.

“Investment and adoption of clinical AI is still low, but that is beginning to accelerate,” said Frownfelter. “The most significant development in the next year is likely to be increased understanding and acceptance of AI.”

Look Like Your Favorite Actor For the Summer

14 Stylish, Summer-Friendly Outfits to Wear to Work

You’re not about to catch us complaining about warmer weather. Summer, however, does pose its own complications, specifically when it comes to keeping your look sharp. When it’s hot, it’s hard to fathom the idea of putting together a multilayer outfit. Which, of course, means it’s hard to craft an outfit at all, given you only have a few pieces to work with.

Not to worry: Some of the most stylish globe-trotting celebrities have been tested with the same kind of challenge—and with the added bonus of paparazzi capturing those fits. That gives us documentation and inspiration for our own summer-friendly style. Here are 14 of the best outfits to wear to work this summer.

Don Cheadle
image
Getty Images

If you have to wear a suit all year long, it’s worth investing in one meant specifically for warm weather. Lighten up the fabric, color, and construction to stay comfortable all day.

Finn Cole
image
Getty Images

Speaking of summer suits, you can make your year-round-ish ones work by lightening up the layers. A sleek white tee is the perfect summer layer.

Simon Pegg
image
Getty Images

For a more casual office, keep a denim jacket on hand. You can commute to work in a tee to stay cool and put on the jacket once you’re inside.

Tom Holland
image
Getty Images

A striped polo is the perfect way to nail business casual. Not sure what kind of polo shirt feels modern? Start here.

Alexander Skarsgard
image
Getty Images

Those polos look good layered with a suit, too. The short sleeves and lighter fabric mean less intense layering—but it still feels like a proper outfit if you take the jacket off.

James Marsden
image
Getty Images

While the winter might be about outdoor layers, the summer is all about indoor ones. Wear a short-sleeve button-down to the office and throw on a jacket once you get there.

Armie Hammer
image
Getty Images

Same goes for sweaters. Wear a T-shirt and pack a knit in your bag.

Nicholas Hoult
image
Getty Images

For suits-only offices, you still have some room for movement. Ditch the tie and go for a printed lightweight shirt instead of a more traditional dress shirt.

Ryan Reynolds
image
Getty Images

Ryan Reynolds flexes the power of a printed shirt. This one still looks put-together with trousers.

Ryan Reynolds
image
Getty Images

Business casual is often open to interpretation. But if your office leans into the casual of business casual, dark chinos and white sneakers are the way to go.

Nicholas Hoult
image
Getty Images

A base for any good outfit: black jeans and a white tee. Put on and remove your jacket at your leisure.

Seth Rogen
image
Getty Images

Suits work best in the summer when you still have an outfit once that jacket comes off. A contrast-collar polo is a good way to ensure that.

Seth Rogen
image
Getty Images

Think beyond your standard dress shirt for summer. A linen-blend, mandarin-collar shirt is much more aired-out than the norm.

Rami Malek
image

It’s Math Week 2019

fromtimeanddate.com

 June 8 is Math 2.0 Day. It is a day to remind ourselves that math, or maths if you follow British English, is not just the boring subject you hated during school and college. The world runs on numbers and mathematics.

The world runs on numbers and math.

The world runs on numbers. Celebrate the intersection of mathematics and technology, today.

©bigstockphoto.com/ismagilov

Without mathematics, we would not have buildings or cars or airplanes or the TV or even the device you are reading this on. Indeed, math is the basis of almost all science and technology. This unofficial holiday is thought to have been created in 2009 and is a celebration of math and technology. It brings together mathematicians, innovators, educators, and policy makers around the world and aims to raise awareness about the importance of math literacy and education, both at the school and college level.

Other Mathematical Holidays

If you are a math enthusiast, there are several other mathematical holidays throughout the year that honor mathematicians and their work. Some of these include Square Root Daye-DayPi DayTau DayYellow Pig DayPi Approximation Day, and Fibonacci Day.

How to Celebrate?

  • Spend the day solving some mathematical problems and telling math jokes.
  • Many companies and universities organize Math 2.0 events. Attend one of these events and learn more about the intersection of mathematics and technology.

Did You Know…

…that the word mathematics comes from the Greek word, máthēma, which means knowledge or to learn?

Math 2.0 Day Observances

Fun Holiday: Math 2.0 Day Observances
Year Weekday Date Name
2019 Mon Jul 8 Math 2.0 Day
2020 Wed Jul 8 Math 2.0 Day
2021 Thu Jul 8 Math 2.0 Day
2022 Fri Jul 8 Math 2.0 Day
2023 Sat Jul 8 Math 2.0 Day
2024 Mon Jul 8 Math 2.0 Day
2025 Tue Jul 8 Math 2.0 Day
2026 Wed Jul 8 Math 2.0 Day
2027 Thu Jul 8 Math 2.0 Day
2028 Sat Jul 8 Math 2.0 Day

Chanel Looks To Green Technology

NEWS & ANALYSIS

By Sarah Kent From Business of  Fashion

Chanel Looks to Green Technology Investments

The luxury giant has invested in green chemistry start up Evolved by Nature, reflecting a broader strategy of investing in clean technology.

Armani’s Empire Of Timeless Fashion

The Clock Is Ticking on Armani’s Empire of Timeless Fashion

Can the 84-year-old designer turn around a company built on classic style in the Gucci era?

Giorgio Armani photographed for InStyle magazine in 2008.
Giorgio Armani photographed for InStyle magazine in 2008.PHOTOGRAPHER: DOUGLAS FRIEDMAN/TRUNK ARCHIVE

A few days after the death of Chanel designer Karl Lagerfeld in February, Giorgio Armani summoned guests to his personal museum in Milan for his fall-winter collection runway show. At the former granary wrapped in stark concrete walls, he revealed the latest lineup of his softly tailored jackets, velvet bombers, and evening gowns to the friendly nods of magazine editors, department-store buyers, and celebrity clients such as Naomi Watts. At the finale, instead of his habitual quick bow and wave, Armani took the hand of a model and paraded the length of the catwalk. The crowd cheered in amazement. Perhaps a touch of sentiment in the wake of Lagerfeld’s passingcontributed to the applause. Nevertheless, it was a thunderous exclamation that the 84-year-old Armani—the creative director, chief executive officer, and sole owner of his namesake company—remains a force to contend with and one of the last creative titans of the fashion industry.

“It was actually quite an emotional moment,” Armani, a cautious communicator who’s never mastered English, says in a written interview. His name is one of the world’s most recognizable brands: a sprawling fashion and lifestyle empire producing everything including red-carpet gowns, logo swim briefs, perfumes, eyeglasses, and sleek hotels dotted around the world. Armani’s aesthetic—streamlined but sensual, dressed-up and laid-back at the same time—has become shorthand for classic Italian elegance and luxury design. His savvy at exporting it to the world has helped him amass one of Italy’s biggest fortunes.

relates to The Clock Is Ticking on Armani’s Empire of Timeless Fashion
The designer at the Giorgio Armani fall-winter collection runway show in Milan on Feb. 23.
PHOTOGRAPHER: VITTORIO ZUNINO CELOTTO/GETTY IMAGES

But falling revenues since 2016 suggest the time may have passed for Armani’s timeless style. Recent years have seen his creations fall out of fashion’s spotlight. A period of ultracasual and athletic dressing has taken hold—with hoodies, sneakers, and yoga pants infiltrating many business workspaces—as social media-friendly designs spearheaded by Gucci’s extravagant aesthetics seduced young luxury shoppers to the detriment of more conservative creations. The decline of American department stores and the rise of online shopping, where $3,000 tailoring is a tough sell, have also hurt. “When you’ve been so successful, sometimes it’s difficult to realize you have to change,” says Mario Ortelli, a London-based luxury consultant. “The company remains true to its DNA, but it hasn’t been fast enough to target a changing customer.”

Net revenues fell 5.5% at constant exchange rates to €2.3 billion ($2.6 billion) in 2017, the last year for which the company disclosed sales. Armani said in a statement last August that he didn’t expect it to return to growth before next year. General Manager Livio Proli stepped down in March and was replaced with two internal hires. Armani declined to comment on the reasons for the separation.

The company has embarked on a restructuring plan to streamline its seven labels. Midprice department-store lines such as Armani Jeans and Armani Collezioni are being discontinued and their products folded into a more manageable stable of three main labels. That could reduce customer confusion and allow for a more focused investment in digital advertising, Ortelli says.

Ralph Lauren, Armani’s American analogue who is celebrating 50 years in the trade, has also seen his business fortunes decline in recent years, though he recently bounced back by refocusing the brand on classic styles and targeting younger shoppers through collaborations and headline-grabbing products such as moon landing-inspired jackets with built-in heaters.

Much like Lauren, Armani is known for living the dream he’s selling. Instantly recognizable for his white hair and deep tan, often seen in relaxed drawstring trousers and a fitted T-shirt or crew neck sweater, he cruises around posh corners of southern Italy on his 210-foot custom superyacht Maìn, a childhood nickname for his mother, and visits more than a half-dozen homes in Antigua; St. Moritz, Switzerland; and elsewhere, furnished with an ever-expanding menu of Armani-designed wares to ensure that everything meets his aesthetic specifications. “I admit to being a control freak,” he says. “It’s important that everything that bears my name is inspected through my personal lens.”

As the only shareholder of his company, with a net worth of about $6.6 billion, according to Bloomberg calculations, Armani can be as fussy as he chooses. His sharp eye extends to licensing agreements: In meetings with the team managing L’Oréal SA’s Giorgio Armani Beauty subsidiary, he’s been known to toss out most images from a photo shoot in a matter of seconds, keeping only the one or two he finds “most Armani” for the campaign.

“He likes to make sure that everything that touches his name is consistent with his vision,” says Nicolas Hieronimus, deputy CEO and head of L’Oréal’s luxury division since 2011. Adds Cate Blanchett, who accepted her Best Actress Academy Award at the 2014 Oscars in a gold gown from the designer and became Armani Beauty’s global spokeswoman last year, “To say he is hands-on is an understatement. I remember one fitting where he sent the seamstress out and got down and pinned the hem of my dress himself.”

relates to The Clock Is Ticking on Armani’s Empire of Timeless Fashion
Armani fitting models in 1978.
PHOTOGRAPHER: TIM JENKINS/PENSKE MEDIA/SHUTTERSTOCK

Armani got his start dressing windows in Milan’s iconic Rinascente department store, becoming a menswear designer under Nino Cerruti, at the time one of the biggest names in Italian fashion. He founded his own company in 1975 with his partner, Sergio Galeotti. The big breakthrough came in the 1980s, when Armani turned his focus west—chasing opportunities to dress American stars for the red carpet and outfitting them on screen, as in the case of the mobster epic The Untouchables, the hit TV series Miami Vice, or a young Richard Gere in American Gigolo.

The blend of Hollywood glamour and Armani’s sensual Italian aesthetic revolutionized fashion, pushing aside boxy and buttoned-up tailoring in favor of roomy suits that draped suggestively across the body. The look found female fans as well, particularly among corporate women who quickly eschewed earlier strains of “power dressing” in favor of the soft but conservative lines of Armani suits that put a feminine spin on sophisticated menswear-inspired styles.

When Galeotti died in 1985, Armani was forced to make what he called a “crucial decision”: bring in new business partners or even sell outright so he could focus on design, or become a force in business as well as design. “I decided to embrace the challenge,” Armani says. “And from that day I never looked back.” He spent the next three decades extending his take on design into a total lifestyle offering by leading the luxury industry’s push into eyewear, home goods, and furniture. He’s opened restaurants and hotels from Milan to Dubai, where the 160-room Armani Hotel Dubai occupies 10 floors in the world’s tallest skyscraper.

Whereas French luxury rivals LVMH Moët Hennessy-Louis Vuitton and Hermès built a business by snubbing wholesalers, Armani was more opportunistic, sprouting subbrands to target customers with different tastes and budgets, in different kinds of stores. His famously meticulous hand preserved the classic appeal of his high-end Giorgio Armani and made-to-order Armani Privé labels. The rise of e-commerce has muddied his message, though, as the increased visibility of more affordable products has raised the likelihood of distracting consumers. In online searches, $60 sweatpants from his EA7 leisure-wear line and even Emporio Armani jockstraps pop up before his $2,000 suits.

Armani isn’t the only classic Italian brand struggling to define its space and keep up sales. Tod’s SpA, the maker of $500 suede driving loafers and staid leather handbags, and Salvatore Ferragamo SpA, with its silk scarves and country club-friendly Vara pumps, are among the companies to see sales decline over the past two years, even as Chinese demand has pushed French rivals Louis Vuitton and Gucci owner Kering SAto record highs.

Fashion empires have declined and fallen before. Roberto Cavalli SpA, the namesake brand of one of Armani’s Italian contemporaries, moved to shutter its U.S. stores this year and entered negotiations with creditors to avoid bankruptcy. French fashion billionaire Pierre Cardin, at age 96, has maintained control of his business but watched it fizzle into a portfolio of mostly empty stores, a Paris nightclub, and an iconic Mediterranean mansion propped up by license fees for underwear and pillowcases.

Armani’s much more sizable presence makes a similar fate less likely. Indeed, the company is still growing in key fields: In cosmetics, for instance, Armani foundations and fragrances such as Sì Passione and Acqua di Giò cologne helped drive L’Oréal’s sales. Armani had free cash flow of more than €1 billion when it last reported earnings, in August 2018. Still, the empire remains guarded about the pace of its turnaround. The company has yet to announce its results for last year and declined to make other executives available.

In the wake of Lagerfeld’s death, generational issues plaguing the fashion industry are more in the spotlight than ever. Miuccia Prada, LVMH’s Bernard Arnault, and other aging designers and entrepreneurs appear irreplaceable, and luxury companies have done little to clear up questions over succession. Faced with the challenge, Fendi, Bulgari, and Gucci have all sold themselves to French luxury conglomerates beginning in the 1990s, and Donatella Versace handed control last year to the American group Michael Kors Holdings Ltd. For his part, Armani—who’s never married or had children but is close with a sister and two nieces, who also work with the company—has created a foundation that will inherit ownership of the company upon his death and be charged with guarding its independence and supporting social causes.

Armani continues to tack on new projects: developing a suite of luxury apartments attached to his Madison Avenue flagship store in New York and clinching a deal for Emporio Armani to outfit the Italian national soccer team. At his personal museum, where mannequins stand in clusters throughout four mostly windowless stories like guards at an emperor’s tomb, Armani has tried to liven up things by hosting events to try to keep his brand relevant. There was a retrospective on the architect Tadao Ando during the latest Milan Design Week and a workshop for aspiring filmmakers led by Call Me By Your Name director Luca Guadagnino.

Armani’s hunger to branch out into new activities may be responsible for the tentacled structure his company is scrambling to revise—but the diversity of his empire might also be what saves him. “Luxury isn’t only about selling handbags or lipsticks anymore, it’s selling a whole experience. Armani is one of the only brands that’s had success getting into all sort of different things,” says Elspeth Cheung, brand valuation director at Kantar’s BrandZ division. Even as sales shrank, Armani’s presence in categories such as hotels as well as strength in entry-price categories such as beauty helped the value of his brand increase 5% last year, according to BrandZ. “They’re providing a unique experience,” Cheung says. “Armani has a very good potential to revive the brand.”

At an age where many men choose to spend their time shouting at the television, Armani says his days are “full but rewarding.” He wakes up at 7 a.m., eats a breakfast of yogurt and fruit (often kiwis), and works out with his trainer for an hour before walking down the block to his creative studios and head office, where his teams are currently preparing the collections for menswear week in Milan. “I feel as energetic and committed to my work as ever before in my life, but I’m a realist,” Armani says. “There are still many challenges ahead, but possibly the hardest is not having enough time to devote to all the things I would still like to achieve.”

(Updates with Armani’s latest available revenue figures in the fourth paragraph. An earlier version corrected the spelling of Louis Vuitton in the 13th paragraph.)
BOTTOM LINE – As luxury goods makers cope with the internet and tilt offerings toward younger consumers, the future of classic brands such as Armani is clouded.