AI In Life Sciences — Seeing Past The Hype

By Francois Nicolas

Globally, the healthcare industry is expected to increase AI investments by 44 percent between 2017 and 2020 (Tata Consultancy Services survey). Healthcare-focused AI tools are expected to bring in more than $20 billion by the middle of the 2020s, exhibiting a CAGR from 40 to nearly 50 percent over the next five to seven years. And, in the first nine months of 2017 alone, global healthcare Big Data analytics companies received more than $1 billion in venture capital investment, representing a 31 percent increase over funding levels at the same time in 2016 (Mercom Capital).