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Abhinay kumar

How can companies develop dependable AI models for predictive analytics in sectors like healthcare?

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AI-driven predictive analytics has the potential to revolutionize industries like healthcare and finance. What steps can companies take to build accurate and reliable AI models for predicting future trends or outcomes?

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Joel Cooper
Predictive analysis begins with data. So, for any healthcare or finance company first do an audit of their existing data tools and systems. What CRMs do they used to track and if they are regularly cleaned and updated. Post which, build a mind map of all processes and touchpoints to connect customers across all platforms. For instance, predictive analysis can begin with something as simple as using automated and pre-scheduled emails based on patient or customers past record of transactions. What is of utmost importance is clean data. clearly defined processes. one unified experience without any disconnect across all touchpoints.
Abhinay kumar
@joel_cooper That makes sense. Thanks for sharing! Please also do follow the launch of my product here on 17th August. Follow this page to get notified on launch day. Would appreciate your reviews and support - https://www.producthunt.com/prod...
Vincent Lonij
First, do what @joel_cooper said about getting high quality data. After that it's probably good to get more specific about the question. 80% of the value from predictive analytics does not require AI, simple linear or logistic regression will get you there if you have good data. The question then is if you want to look at the problem from the perspective of a healthcare administrator seeking to optimize their organization or of you're looking at this from the perspective of a vendor looking for a differentiator from your competitors. An administrator should probably focus on value, not on AI. A vendor may want to explore AI as a differentiator even though it's not the most impactful thing for a healthcare institution. What side are you on?
Abhinay kumar
@joel_cooper @vincentropy This is really detailed and helpful perspective. Indeed, usually the techniques from statistics is often more than sufficient for certain usecases! Value creation is the main objective at the end of the day.
Abhinay kumar
@vincentropy Please also do follow the launch of my product here on 17th August. Follow this page to get notified on launch day. Would appreciate your reviews and support - https://www.producthunt.com/prod...
Odessa Holland
I think that the potential of AI-driven predictive analytics in healthcare and finance is massive. To build accurate models, companies should start by gathering high-quality, diverse big data and ai. A robust dataset helps AI algorithms learn patterns effectively. Next, investing in talented data scientists and AI experts is crucial. Regular model evaluation and refinement, along with staying up-to-date with AI advancements, ensure reliability. Lastly, fostering a culture of continuous improvement and ethical use of AI will make these predictions a game-changer for these industries.
Anthony Rivera
Start with clean, robust data. Then, consider collaboration with specialized AI research firms; OpenAI has done some neat work.
Abhinay kumar
@delap12021y That makes sense. Thanks! Please also do follow the launch of my product here on 17th August. Follow this page to get notified on launch day. Would appreciate your reviews and support - https://www.producthunt.com/prod...
Sophiko Jeiranashvili
To develop reliable AI models for predictive analytics in healthcare, companies should focus on collecting high-quality, diverse datasets representative of real-world scenarios. Collaborating closely with healthcare professionals is key to understanding the domain intricacies and nuances. Rigorous testing, validation, and continuous monitoring are essential to ensure the models' accuracy and safety, and addressing privacy and ethical concerns is a must to build trust in the AI-powered predictions.
Abhinay kumar
@sophiko_jeiranashvili Got it, that is helpful. Please also do follow the launch of my product here on 17th August. Follow this page to get notified on launch day. Would appreciate your reviews and support - https://www.producthunt.com/prod...
Lother Blunk
There are many AI tools which actively helping in health & wellness sector but they are all scrap data through Open A.I. As it is the mojor source All AI Technologies out there.