#AI in #healthcare is here and now: https://lnkd.in/fwEixiR AI powered technologies often come to mind when one thinks of a futuristic society. Of all the industries AI is set to #disrupt, healthcare will be at the forefront. Applications of AI range from drug discovery to diagnostics. As per CB Insights, “Healthcare is the hottest area of startup investment”. Over 300 #startups raised their first equity rounds since 2016, with investors pumping over $3.6B since 2013. In a crucial move this spring, #FDA for the first time approved an AI powered device to diagnose diabetic retinopathy without the need of a clinician. The device IDx-DR analyzes images taken by a retinal camera & provides a screening decision. Since April 2018, FDA has approved 3 more devices, essentially mainstreaming AI in healthcare. FDA's new guidelines to classify AI powered image analysis as Class II devices will reduce time required for approval. This is a significant breakthrough with far reaching effects. Especially, in a country like ours, where there is an acute shortage of radiologists, with just 1 for every 100,000 of population.  AI in healthcare is no longer an idea of the future, it's already here. FDA Guidelines: https://lnkd.in/fA_cemR …see more