Artificial intelligence and machine learning (AI/ML) are already transforming many parts of the economy, and the health care sector is no exception. But while the use of AI/ML is proliferating across the industry, it has yet to reach its full potential as a driver of new business opportunities and efficiencies.

In a recent Morgan Stanley Research survey, 94% of health care companies said they employ AI/ML in some capacity. Meanwhile, the industry’s average estimated budget allocation to these technologies is projected to grow from 5.7% in 2022 to 10.5% in 2024…

Read the full article here:  https://www.morganstanley.com/ideas/ai-in-health-care-forecast-2023