Does cultural economics affect country’s competitiveness?

Abstract

Artificial Intelligence (AI) is a rapidly growing area of interest in India. AI refers to a machine's ability to think, perceive, learn, solve problems, and make decisions. Most AI systems rely on large historical datasets to forecast future trends and outcomes at a rate that humans cannot match. AI is also significantly reshaping the Indian healthcare market. As a result, AI-enabled healthcare services such as automated analysis of medical tests, predictive healthcare diagnosis, automation of healthcare diagnosis using monitoring equipment, and wearable sensor-based medical devices are expected to revolutionize the country's medical treatment processes. AI could be highly beneficial in areas with scarce human resources, such as rural and remote areas. For example, in India, AI technology has been beneficial in screening, monitoring, and treating COVID-19 cases. However, India's road to AI-driven healthcare adoption is fraught with difficulties. There are no standardized guidelines for designing AI applications in healthcare systems in India. There is no regulatory body dedicated exclusively to AI. Furthermore, most AI companies that provide services are startups yet to gain the healthcare industry's trust. This paper aims to sketch a picture of the current state of AI in the Indian healthcare sector. It investigates the potential and impact of AI in healthcare and the challenges associated with policy-making in the healthcare industry.

Keyword : : Artificial Intelligence, COVID-19, Healthcare, Pandemic, Startup