Digital Disruption in Pharma
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AI is Coming to Health Care. Are You Ready? E.g., Tell Alexa to Refill Your Prescription

AI is Coming to Health Care. Are You Ready? E.g., Tell Alexa to Refill Your Prescription | Digital Disruption in Pharma | Scoop.it

Consumer Intelligence Research Partners (CIRP) released data showing that 20 million Amazon Echo and 7 million Google Home smart speakers have been purchased by U.S. Consumers in the third quarter of 2017. These figures are significant. Other estimates suggest about 8.5 to 11 million devices will be sold in the U.S. in Q4 2017. That means total smart speakers sold and in use will approach 40 million in the U.S. That will represent over 20 million U.S. households and consumer reach exceeding 50 million people . The global smart speaker install base will significantly exceed 40 million units at the close of 2017. There are significant opportunities for health care, but does pharma have innovators who can leverage this technology?

 

According to Accenture analysis, when combined, key clinical health AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026. Thos savings are needed but can Alexa really help patients and DTC marketers? Yes.

 

AI is exploding in popularity. Growth in the AI health market is expected to reach $6.6 billion by 2021—that’s a compound annual growth rate of 40 percent. In just the next five years, the health AI market will grow more than 10x.

 

While a lot of AI is focused on the HCP side patients can really benefit from AI. For example:

 

Alexa can you refill my lipitor prescription? – By allowing an AI device to refill your Rx patients can easily refill medications and use pharmacy drive thru’s to decrease the time it rakes to get Rx’s renewed.

 

Rich has more ideas here.

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Digital Disruption in Pharma
What's going on in the world of social media, mobile apps, mHealth, wearable & other digital technologies impacting the health industry
Curated by Pharma Guy