Dr. Pero Mićić

FUTURE BUSINESS: AI app helps save millions of lives

An app with artificial intelligence (AI) helps to save millions of lives? In this series on Future Business, we look at markets and business areas that are just getting started on the famous s-curve, meaning they still offer great opportunities and are transferable to many industries. Certainly also to your business and your job.

Today we are looking at a business that is based on the combination of two technology trends in the trend system: Intelligentization, there image recognition as a sub-trend, and health technologies, especially AI-based diagnostics.

Problem

Tuberculosis is still the deadliest infectious disease. 1.4 million die from it annually. The current pandemic has already killed 2.2 million people, and still counting. Many millions die worldwide from these and many other infectious diseases. Tuberculosis and most infectious diseases are most widespread in poor regions of the world. And there we have the most severe shortage of physicians.

Solution

Qure.AI, a company based in India, has developed an app called qXR that uses artificial intelligence to detect deadly diseases such as tuberculosis, covid19 and 27 other diseases on X-ray images in less than a minute. Virtually anyone with a smartphone and this app can diagnose these diseases with 95% accuracy. Large-scale screening and early detection become possible at low cost. Expensive lab tests are reduced to the bare minimum. And, most importantly, the AI app helps save many lives.

Advantages and plus arguments

The AI app does not replace doctors, it supports them optimally. Doctors only need to be consulted in cases of suspicion. In 95% of cases, the app is right. Doctors can focus their valuable and scarce time on really sick people. The app is more accurate in analyzing images than most doctors. This is today. And soon it will be better than any medical professional in the world. Because with every single image it analyzes, it gets better and better and more reliable. This AI will never forget its knowledge and skills. And it can be copied millions of times over, at minimal cost. We can’t even train that many specialized doctors, certainly not with these amazing skills and not that quickly. Again another step forward on the way to a better quality of life worldwide.

Disadvantages and minus arguments

What are the disadvantages? What are the arguments against it? Even after thinking about it for a while, I can’t think of any rational argument against such intelligent diagnostic solutions. After all, doctors’ jobs are not disappearing. On the contrary, their work is made easier and they can spend more time with really sick people, can alleviate more suffering and save more lives.

Generalization

The combination of two trends, intelligentization and health technologies, i.e. image-recognizing artificial intelligence will help, especially in medicine, to detect diseases at the earliest stage and thus cure them much more easily. Which will also be good for our health care systems. And this principle of AI-supported early detection can be used not only medically in humans and animals, but in countless other areas. In machines, vehicles, buildings, virtually all products, and even for early detection of conflicts in teams and entire societies.

What can you learn for your business and your job from this case?

  1. For your existing business: use image-recognition AI apps in your products, services and your business model where something is or could be viewed, observed and analyzed by eye or camera. There is far more possible there than you think.
    1. You can increase the quality and reliability of your products and services for your customers.
    2. You increase the benefit for your customers. Early detection is not only enormously valuable in medicine, but in practically every field.
    3. You save time and money and highly qualified employees can concentrate on the essentials.
  2. For new business areas: Where among your customers, suppliers, or related businesses can you use image-recognition AI to develop better, cheaper, or faster solutions and processes?

By the way, if you want to think profoundly about the future of your business, we’d be happy to do it together. Take a look at our website.

Have a bright future!

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