Artificial Intelligence in Healthcare Industry: Blessing or Curse?

Artificial Intelligence has revolutionised various industries by providing transformative solutions that simplify complex problems and enhance workforce efficiency. Artificial Intelligence in healthcare industry has introduced innovations such as predictive analytics for patient care, automated diagnostic tools, and personalised treatment plans, significantly improving patient outcomes and operational efficiencies. Beyond healthcare, AI is transforming industries such as manufacturing, finance, education, and customer service by automating processes, enhancing productivity, and improving decision-making. This integration of AI demonstrates its crucial role in modernising the workforce, particularly within the healthcare industry.

Read more
Back
₹1 Crore cover starting at ₹1,770/year+
Protection for doctors with
confidentiality breach
  • Doctor
  • Hospital
We don't spam
Continue
By clicking on "Continue" you agree to our Privacy Policy and Terms Of Use
Get Updates on WhatsApp
View Plans
  • Wallet-friendly plans
  • 24/7 claim support
  • IRDAI-certified advisors

What is Artificial Intelligence (AI)?

Artificial Intelligence refers to the simulation of human intelligence in machines designed to think and learn like humans. These systems perform tasks like speech recognition, decision-making, and pattern identification. AI technologies include machine learning, natural language processing, and robotics, enabling machines to perform complex tasks autonomously.

In daily life, AI applications are widespread. Generative AI tools create text and images based on user inputs, aiding in content creation and customer service automation. Robotics use AI in manufacturing to assemble products, perform quality checks, and handle hazardous materials, enhancing productivity and safety. AI-integrated sensors are used for environmental monitoring, health diagnostics, and smart home devices, providing real-time insights and automated responses. 

Autonomous vehicles rely on AI to navigate and make driving decisions, processing data from sensors and cameras to detect obstacles, follow traffic rules, and optimise routes, aiming to improve road safety and reduce traffic congestion. AI's ability to mimic and enhance human intelligence is revolutionising many such aspects of daily life and work.

History of Artificial Intelligence

The evolution of AI dates back to ancient times with philosophical discussions about artificial beings, but its modern development began in the mid-20th century. Key milestones include:

  • 1943: Warren McCulloch and Walter Pitts presented a model of artificial neurons, laying the foundation for neural networks.
  • 1950: Alan Turing published "Computing Machinery and Intelligence," introducing the Turing Test to determine a machine's ability to exhibit intelligent behaviour.
  • 1956: The term "Artificial Intelligence" was coined at the Dartmouth Conference, marking the birth of AI as a field.
  • 1958: John McCarthy developed LISP, a programming language specifically for AI research.
  • 1966: Joseph Weizenbaum created ELIZA, an early natural language processing computer program that could simulate conversation.
  • 1980: The rise of expert systems, which are AI programs that simulate the decision-making ability of a human expert, began to gain commercial success.
  • 2020s: AI technologies such as autonomous vehicles, advanced robotics, and generative AI tools like GPT-3 and DALL-E continue to evolve, impacting various industries and everyday life.

Use of Artificial Intelligence in Healthcare

Nearly two-thirds of physicians report that AI improves diagnostic accuracy and operational efficiency due to its multiple benefits: 

  • Time Efficiency and Automation: AI systems streamline administrative tasks such as scheduling, record management, and claims processing, allowing healthcare professionals to focus more on patient care. This efficiency can save significant time, improving overall operational productivity.
  • Improved Diagnosis and Pattern Recognition: AI enhances diagnostic accuracy by analysing medical data with precision. For example, AI tools can detect cancer in medical images with higher accuracy, improving diagnostic outcomes.
  • Personalised Treatments: AI analyses patient data to recommend tailored treatments. By integrating genetic and clinical data, AI helps create personalised treatment plans, improving treatment effectiveness and patient outcomes.
  • Enhanced Health Monitoring: Wearable devices and AI-powered health apps monitor patient health in real-time, enabling early detection of issues and preventive care. These tools can alert healthcare providers to anomalies, improving patient management and outcomes.
  • Disease Surveillance and Control: AI helps track and predict the spread of infectious diseases by analysing data from various sources, enabling timely interventions and better public health management.

Disadvantages of AI in Healthcare

While AI offers numerous benefits in healthcare, it also presents significant challenges and risks that need to be carefully managed.

  • Over-dependency and Errors: AI systems can sometimes make errors, leading to incorrect diagnoses or treatment recommendations. Unlike human errors, mistakes made by AI can affect a large number of patients simultaneously if the underlying algorithm is flawed. This over-dependency on AI systems can result in critical oversights and potentially harm patients.
  • AI Bias: AI systems are only as good as the data they are trained on. If the training data is biased or incomplete, the AI can produce skewed results. For instance, AI algorithms might underperform for certain demographic groups if those groups are underrepresented in the training data. This can lead to disparities in healthcare outcomes and perpetuate existing biases in the medical field.
  • Breach of Privacy: AI systems require access to large amounts of personal health data to function effectively. This raises significant privacy concerns, as sensitive patient information could be exposed or misused. Ensuring robust data protection measures is essential, but challenging, given the increasing complexity and volume of data being handled.
  • Ethical Dilemmas: AI in healthcare poses numerous ethical questions. Issues such as accountability for AI-driven decisions, informed consent, and the potential loss of human touch in patient care need to be addressed. There are concerns about who is responsible when an AI system makes a harmful decision, whether it's the developers, the healthcare providers, or the institutions using the AI.
  • Creating Disparities: AI has the potential to create or exacerbate disparities in healthcare access and quality. Advanced AI tools are often expensive and may be more accessible to wealthier institutions, leaving less affluent providers and their patients at a disadvantage.

Impact of AI in Healthcare

The advantages and disadvantages of AI impact both patients and healthcare professionals. For patients, AI can mean more accurate diagnoses and personalised treatments but also risks of privacy breaches and biases. For healthcare professionals, AI can enhance efficiency but also pose ethical and liability challenges. Professional indemnity insurance for doctors becomes crucial in this context, as it provides coverage against claims of negligence or malpractice potentially exacerbated by AI errors.

The impact of AI on professional liability insurance can be both positive and negative. While AI can reduce errors and improve operational efficiency, it also introduces new layers of complexity in terms of liability and claims processing. As AI technology continues to evolve, so too must the frameworks that support and protect healthcare professionals, ensuring they can confidently integrate AI into their practice while being adequately covered against potential risks.

Conclusion

The advancement of Artificial Intelligence (AI) in healthcare is inevitable, driven by its potential to revolutionise diagnostics, treatment personalisation, and operational efficiency. However, to ensure that AI is used ethically and effectively, a balanced approach is essential. Implementing strong data governance is crucial to protect patient privacy and maintain data integrity, while rigorous monitoring for bias ensures fair and unbiased results across diverse populations. Developing comprehensive ethical frameworks will address accountability and decision-making challenges, and providing thorough training programs for healthcare professionals will enable them to use AI tools responsibly and effectively. By prioritising these strategies, the healthcare industry can harness the benefits of AI, improving patient care and healthcare delivery while mitigating associated risks.

Download Policy Wordings of ICICI-L
Get ₹1 Crore insurance cover starting at ₹1,770/year+
Looking plans for
  • Doctor
  • Hospital
We don't spam
View plans
By clicking on "" you agree to our Privacy Policy and Terms Of Use
Get ₹1 Crore insurance cover starting at ₹1,770/year+
Continue
Get quick help
Professional Indemnity Insurance Articles
Doctor salaries in India have seen a steady increase due to the growing demand for healthcare services, driven by...Read more
31 Oct 2023 by Policybazaar 73177 Views
Cardiology is one of the most challenging and rewarding medical specialities in India. As the prevalence of heart...Read more
23 Oct 2024 by Policybazaar 34295 Views
A Doctor of Medicine (MD) is a three-year postgraduate degree obtained after earning an MBBS. To gain entry into...Read more
31 Jan 2025 by Policybazaar 22828 Views
The dental profession in India has evolved over the years, gaining recognition as a crucial part of healthcare...Read more
20 Nov 2024 by Policybazaar 25544 Views
The Healthcare Professional Registry, a pioneering initiative by the Indian government, aims to digitally unify...Read more
07 Nov 2023 by Policybazaar 4434 Views
Paediatricians specialise in children's healthcare, including regular check-ups, diagnosis, and treatments of...Read more
10 Jan 2025 by Policybazaar 9145 Views
The MBBS degree is pivotal in the medical landscape of India. It equips aspiring doctors with essential knowledge...Read more
28 Jan 2025 by Policybazaar 35200 Views
Gynaecology caters to women’s reproductive and overall health, a field that consistently faces high demand due...Read more
21 Nov 2024 by Policybazaar 11076 Views
The field of ophthalmology in India is witnessing a period of rapid growth, fueled by an alarming rise in eye...Read more
28 Nov 2024 by Policybazaar 8047 Views
Clinical establishments, including hospitals, clinics, and diagnostic centers, are essential pillars of...Read more
08 Oct 2024 by Policybazaar 6261 Views
A gastroenterologist is a doctor who specialises in treating disorders related to the digestive system, including...Read more
16 Dec 2024 by Policybazaar 6349 Views
Running a company entails a set of legal responsibilities, and filing annual returns is one of the most critical...Read more
26 Mar 2025 by Policybazaar 3356 Views
A doctor performs several risk-associated tasks. He needs to cure different kinds of diseases affecting patients...Read more
27 Apr 2023 by Policybazaar 9639 Views
Medico-legal issues encompass the intersection of medicine and law, highlighting the legal implications and...Read more
24 Oct 2024 by Policybazaar 3131 Views
Cannulas vary in size, material, flexibility, and purpose, each...Read more
16 Dec 2025 by Policybazaar 0 Views
An intravenous (IV) set, also referred to as an infusion set, is...Read more
16 Dec 2025 by Policybazaar 351 Views
The stethoscope remains one of the most essential diagnostic...Read more
12 Dec 2025 by Policybazaar 302 Views
A Ryles tube, often called a nasogastric (NG) tube, is a...Read more
08 Dec 2025 by Policybazaar 581 Views
The Goods and Services Tax (GST) is a crucial part of running...Read more
14 Oct 2025 by Policybazaar 3367 Views
This Doctors’ Specialisation Glossary gives you a compact...Read more
18 Aug 2025 by Policybazaar 681 Views
Registration for GST is the legal process wherein a company gets...Read more
11 Jul 2025 by Policybazaar 1523 Views
GST (Goods & Services Tax) is a complete, multi-stage...Read more
11 Jul 2025 by Policybazaar 912 Views
EGST reconciliation is the process of matching a business's tax...Read more
30 Apr 2025 by Policybazaar 2149 Views
The word ‘audit' often evokes fear and tension, but in...Read more
08 Apr 2025 by Policybazaar 1443 Views
India's tax season often feels like a race against time, with...Read more
08 Apr 2025 by Policybazaar 1128 Views
Marketing plays a massive role in helping doctors reach and...Read more
07 Apr 2025 by Policybazaar 1538 Views

Your call has been scheduled successfully.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 04 Feb
  • 05 Feb
  • 06 Feb
  • 07 Feb
  • 08 Feb

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We wont spam you

Call scheduled successfully!

Our experts will reach out to you on Today between 2:00 PM - 3:00 PM