2024 Takeaways

In 2024, Artificial Intelligence (AI) played a transformative role in the HealthTech industry, enabling innovation across several critical areas. Generative AI is at the forefront, powering solutions that are reshaping how technology supports healthcare delivery. From our preparation of the report, we were able to identify four top beliefs about the transformation of AI. 

1. Data is more valuable than ever. In the past, “black-box” analytics treated data as inert, producing insights without explanation. Today, data breathes through natural language, a powerful interface between human and machine.
2. Users expect precision. End users now demand sharper, more specific insights from their data. Timeliness and relevance are becoming increasingly important when delivering insights.
3. Models are shrinking. As models become more precise, the range of functions they perform will narrow. The future is composed of swarms of coordinated agents that enact specific tasks.
4. Private data is the new frontier. While public data enabled AI to reason broadly, private data unlocks nuanced understanding. Secure collaboration is the key to advancing innovation.

How to be Best Positioned to Succeed with AI

If you’re in the fitness or healthcare industry, chances are you’ve already started exploring AI. The reality is that launching an effective AI product in healthcare can be challenging. Insights are often fragmented, making it difficult to understand what’s actually working for your business.

To help navigate this, we’ve looked into what companies do today, talked with our partners and customers, and highlighted success stories that have made an actual difference in the industry. We will further elaborate on the technical details behind the big AI companies, and will discuss some business opportunities that we identified in this space. 

We’ll begin by exploring the most common use cases we’ve seen and sharing examples of what’s been done successfully.

What Companies Get Right about AI.

Remote Patient Monitoring Assistants

For those managing chronic conditions at home, AI assistants watch over vital signs, compare current data with past trends, and alert both patients and healthcare providers when something’s off. This kind of proactive monitoring can help prevent complications, limit hospital visits, and keep patients feeling supported and informed.

Download the full report for free below to unlock our complete analysis of engineering best practices, tactical learnings from industry leaders like Noom and Insilico Medicine, and a deep dive into the emerging business opportunities in AI-driven health.