How to save 150 billion dollars By Yoram Kraus

How to save 150 billion dollars By Yoram Kraus

Advancements in AI technology have the potential to enable $150 billion in annual savings for the healthcare market by 2026 in just the US alone, according to a 2017 market report by Accenture, explain Yoram Kraus Co-Founder & CEO – infi. Growth in the AI health market is expected to reach $6.6 billion by 2021—a CAGR of 40 percent. In the next five years, the health AI market is projected to grow more than 10x.

The value and potential of AI in healthcare is almost limitless. AI technology has the unprecedented ability to drive major efficiencies through streamlining and automating administrative processes, as well as supporting the performance of complex surgeries and aiding in clinical interventions. So much new, game-changing technology is already readily available, yet healthcare providers are notoriously slow to adopt and integrate the cutting-edge AI technology already in the market. In fact, the healthcare industry lags behind nearly every other industry in terms of the speed with which they adopt new technologies.

Reasons behind this glacial pace include financial constraints (either because of the costs of new technologies or because they reduce doctor/hospital visits which, depending on the market and the nature of conditions being treated, may be a disincentive for healthcare providers), the time it takes to teach new technologies to overburdened medical professionals (as well as additional work doctors may need to add to their already heavy load, for example entering data manually if the new technology being introduced is not 100% automated), as well as the instinctive aversion many medical professionals feel towards new measures that ostensibly reduce lessen human interaction.

However, the bottom line is that those who move quickly to adopt new AI technology will be rewarded. The aforementioned Accenture report breaks down the near-term fiscal impact of the widespread adoption of major AI applications and it’s significant. The top three applications that represent the greatest near-term value are robot-assisted surgery ($40 billion), virtual nursing assistants ($20 billion) and administrative workflow assistance ($18 billion).

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The star of the show is cognitive robotics

Cognitive robotics are pioneering new approaches to surgical interventions by assisting in operating instrument precision, blending man and machine in their effort to enhance the accuracy and efficiency of surgery. Notably, the inventors of the Smart Tissue Autonomous Robot (STAR) showcased at the IROS 2017 robotics conference  experiments they conducted with comparing the results of interventions aided by their technology and the cutting precision of a human surgeon. The experiments showed that their machinery makes more precise cuts than expert surgeons, and damages less of the surrounding flesh. Similarly, in 2016, the STAR system sewed together two segments of pig intestine with stitches that were more regular and leak-resistant than those of experienced surgeons.

Meanwhile, in orthopedic surgery, AI robotics have advanced enough to be able to analyze data from pre-op medical records to physically guide the surgeon’s instrument in real-time. This kind of AI-assisted robotic surgery in orthopaedics is predicted by some research to generate a 21% reduction in patients’ length of stay in the hospital following surgery, creating $40 billion in annual savings.

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Virtual assistants, a game-changing close second

Virtual nursing assistants are listed second in the Accenture report in terms of AI healthcare products with near-term value. The report projects virtual health assistants will enable $20 Billion in potential savings to the industry by enabling off-site monitoring and care, through which healthcare providers are able to minimize unnecessary hospital visits and save 20 percent of registered nurse time.

Crucially, this number refers to standard virtual nursing assistants that are not powered by EmpathAI unlike infibond’s Medical Concierge, meaning they are limited in their ability to provide a personalized and customized experience on par with the abilities of human doctors. Infibond’s Medical Concierge uses sophisticated Deep Psychology to power machine learning, which enables our hyper-realistic virtual surrogate doctors to get to know the precise traits, internal motivators and real-time emotional states of each individual user. In so doing, the Medical Concierge is expertly equipped to offer hyper-personalized recommendations, understand how to speak to each user in a way that will best motivate them to improve their self-care, and understand from real-time monitoring the exact lifestyle issues that may be impeding recovery. The nature of machine learning means that over time our Medical Concierge is only going to increase in accuracy and effectiveness as they get to know each patient and their respective personalities, lifestyles and bodies better and better. The result? An up to 80%
estimated decrease in unnecessary hospitalizations and admissions.

About Yoram Kraus

Yoram Kraus, Infibond Co-Founder & CEO

Yoram Kraus is a serial entrepreneur, with several investments in high tech over the past decade. He has more than 20 years of entrepreneurship in real estate & global engineering projects, and is the founder of the second-largest REIT fund in Israel. He has a degree in Civil Engineering from the Technion-Israel Institute of Technology, he served as an intelligence officer in the IDF special forces and is a keen mountaineer and extreme sportsman.

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This AI Will Understand Not Just What You're Doing, But Why – By Yoram Kraus

This AI Will Understand Not Just What You're Doing, But Why  – By Yoram Kraus

We are quickly approaching a landscape where technology & artificial intelligence permeate all aspects of life, where the "device" may become almost irrelevant. Up and coming tech company, infi, brings a new way of living your digital life beyond your smartphone, connecting users' digital and real life. We are clearly entering a new era where growth of traditional devices has ended and you have to think differently – is AI the next big thing? What is the next step beyond the smartphone?

infi creates the perfect synergy between human and machine

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Today's biggest issue users are facing is too much content. 27 million pieces of content are published daily – how is any fully-functioning human being supposed to keep up with everything they're interested in, online and off? They can't.

In the content world, quality matters. But what exactly makes "quality" content? There are dozens of criteria to measure quality content but despite search engine algorithms growing more complex and technology improving, one measure is and will be relevant in 2016 is authentic data and content. Quality content is what companies, marketers, Google and everyone else is looking for. As users create and upload their personal content onto different platforms, companies that will find a way to use this information for their own and their users' benefit – combined with the use of advanced security measures – will gain a big advantage over the rest of the pack. And this is what infi does.

For the past 3 years,yoram kraus and  infi has been building the most precise, quality database where users import and enter content off of social media accounts and devices, building a rich timeline containing text, photos and videos about their lives. infi's algorithm analyzes information entered by its users and in addition, presents users with various questions, gathering more precise information about them.

With the data uploaded by users, infi will create the next generation of artificial intelligence based on a perfect synergy between human and machine. This virtual human will learn its user to the point it will duplicate their consciousness through advanced algorithms, AI systems, images, text and data processing. This avatar will become the digital reflection of the user's own consciousness, holding a contextual understanding not just on what the user is doing, but why. This understanding will elevate the relationship between user and AI to the most personal level.

One of infi's AI main goals is to assist users with different approaches of information consumption: search, find and connect users with relevant information based on their preference. Suggesting new information that users are not exposed to and that might interest them. Through their avatar, users will be able to control inbound content, filtering relevant things but also allowing for meeting new content if predicted it might be of any value to them.

Some users are worried about the big words 'AI' and its consequences. However, that doesn't mean that every possible AI future is a disaster waiting to happen. "It's really just trying to increase the probability that the future will be good," says Elon Musk, the SpaceX and Tesla founder. "If AI power is broadly distributed to the degree that we can link AI power to each individual's will — you would have your AI agent, everybody would have their AI agent — then if somebody did try to something really terrible, then the collective will of others could overcome that bad actor."

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Yoram Kraus – Everyday Life-Tracking App Helps You Improve Your Life

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 Yoram Kraus – Everyday Life-Tracking App Helps You Improve Your Life

Wearable technology has been a hot topic in fitness and medical innovation for several years now. A growing number of people choose to track their physical shape or progress with gadgets, whether it's a wrist band, a smartwatch or an app. They use self-monitoring to watch their pulse, walking or running distance, manage their disease and medicine intake, and watch how many calories they consumed or how many hours they've slept.  But a new trend now proves that not only do personal info gives you insight into who you are and how you're spending your days, it can also help you make changes over time.

Although self-monitoring has the scope to transform physical and healthcare, it also plays a bigger role. Research shows that self-monitoring helps people set realistic goals and track their progress and it is proven as an effective behavior change technique. People use these tools to get better at sports or watch over their health but self-monitoring also has a surprising added value: it improves mental well-being. This conclusion comes from the work of many researchers and personal experience of people who self-monitor themselves. They suggests that  this technology is even better suited to mental health and offers new tools for tracking, allows for the discovery and change of patterns, and for self-control and improvement.

One company that came up with a solution for this growing need is infi, the world's first life-platform. The infi team had one, major obstacle they were trying to tackle: technology has helped us dramatically improve the physical world, but what about the mental one? How can technology help us become the better version of ourselves?

This is why infi created its life platform – a unique, super-system that connect all other platforms, provide dynamic content, services  and information through individually-tailored content for users based on their changing needs. It allows users to collect their photos, videos, media and files from all social networks, platforms and devices into their infi account, allowing for total control, privacy and social sharing options.

This process results with the richest, highest-quality data of each user, and through A.I. engines, statistical algorithms & psychological learning, infi allows users to monitor and analyze their behavior and identify repeated patterns that result in psychological difficulties, like the connection between a certain time or place to a certain mood or symptom. These kinds of tools would make monitoring to an active and efficient therapeutic tool as users go through an inner process where they become aware of things that happen to them and their ability to influence them. This is a major shift from being passive to being proactive that results with a true change in users' lives.

Regarding the issue of privacy, many people who monitor themselves use third-party apps. This information is stored somewhere else, which makes it extremely sensitive as it can be used illegally by hackers, companies etc. But this feeling of unease should not determine our response to technology in self-monitoring: infi offers its users a tool that allows them to own and control their personal data and to decide if and how much data they want to share. Users get the full benefits of fully monitoring their life under the highest security setting.

Check out infi on Google Play. To learn more about infi, visit us at infi.com or check out our blog.

for more information:

yoram kraus

How did mountain climbing make me a better manager

yoram kraus – twitter

yoram kraus – linkedin

more about yoram kraus:

Yoram Kraus Speaks About his Journey

Yoram Kraus – On the Common Principals Between Mountaineering and the Business World

yoram kraus – new article

Yoram Kraus – The Full Guide for Beginner Mountaineers