Signify Premium Insights - Generative AI: Round-Up from January 2024

Written by Alan Stoddart | Editor of Signify Premium Insights – Generative AI.

The use of generative AI in healthcare is accelerating very quickly. This is offering plenty of food for thought for Signify Research’s analysts in the build-up to the launch of its new Generative AI Premium Insights service – a complimentary one-month trial of which is available via the button below.

Despite this breakneck pace of change, however, there are several trends that will take some time to play out. Five of these were captured in the first Insight of the year , which identified the currents Signify Research expects to define the year ahead. These range from expectations about which kind of solutions are expected to have the most significant impact in the near term, why that is the case and how vendors can capitalise, to some of the more significant barriers that will stymie the technology’s use.

Another topic which became the focus of a Premium Insight was athenahealth ’s addition of generative AI tools to its athenaOne platform. The addition of patient record sharing summarisation, identification of missing prior authorisation and care plan summarisation all represent sensible use cases for the vendor to focus on, and make sense give then vendor's pedigree. The Premium Insight questions how beneficial these tools will be to customers, as well as how beneficial they will be to athenahealth.

Another of the month’s Premium Insights addressed one of the questions at the forefront of the mind of many considering the generative AI; the debate between proprietary and open source foundation models. These questions were pertinent for French vendor Nabla , which has recently raised $24m in Series B funding, and is transitioning from a proprietary model from OpenAI to open source alternatives such as those from the likes of Meta and Mistral AI . The Premium Insight focusing on this transition explains the rationale for such a move, as well as highlighting some of the trade-offs being made and the challenges the vendor might face in achieving commercial success.

About Signify Premium Insights – Generative AI

A subscription to Signify Premium Insights - Generative AI provides compelling thought leadership on the most pertinent developments in healthcare technology. This service utilises Signify Research’s expansive market data to properly appraise and interpret breaking news stories, major market moves and industry-changing announcements are evaluated as they unfold, and the considered opinions of Signify Research’s expert analysts are shared to provide Insight into current developments. Key vendors, technologies and conferences are followed, with updates carefully scrutinised to ensure that the most important details are revealed and properly assessed.?Subscription provides approximately 100 actionable and up to the moment Premium Insights per year as well as access to Signify’s Insight archive.

These expert insights provide you with an extension to your market research team and provides the knowledge to:

• make informed business decisions in response to changes in your market
• revise business plans and react to breaking industry developments
• Strategise with greater certainty thanks to a more nuanced understanding of changing market dynamics
• Identify lucrative opportunities more quickly, and capitalise on them with greater efficacy and with reduced research time

About Alan Stoddart

Alan brings more than a decade of editorial expertise and leads on Signify Research’s Insight and analysis services. Prior to joining, Alan held editorial positions covering a diverse range of technology and engineering/IT topics working with Kantar Media and Kimberley Media Group.

About the Signify Premium Insights Contributing Analysts

Signify Premium Insights rely heavily on the industry expertise from Signify Research’s expert medical imaging analyst team. This team brings with it many years of experience developing market reports, insights and providing consultancy services to the medical imaging industry.

Alex Green , Managing Director and Principal Analyst

Alex has 24 years’ experience in tech market intelligence. He leads on Signify Research’s Digital Health offerings focusing on integrated care IT, EHR/ EMR and telehealth. Prior to joining Signify he served as a Senior Research Director at IHS and as a Business Analyst/IT Project Manager in a joint NHS/ Government role.

Vladimir Kozynchenko, Senior Market Analyst

Vlad joined Signify Research in 2023 as a Senior Market Analyst in the Digital Health team. He brings two years of experience in the consulting industry, having undertaken strategy, planning, and due diligence assignments for governments, operators, and service providers. Vlad holds an MSc degree with distinction in Business with Consulting from the University of Warwick.

Jon Hill , Market Analyst

Jon joined Signify Research in 2023 as a Market Analyst within the Digital Health team. He holds a BSc in Pharmacology having graduated from the University of Bath in 2023.

Amy Thompson , Research Manager

Amy joined Signify Research in 2020, and is now the Research Manager for Healthcare IT, focusing on imaging and clinical IT, AI in medical imaging and teleradiology. Prior to Signify Research, she brings four years’ experience as a Senior Analyst; supporting business strategy and market sizing for Liaison Group, a company operating within the NHS.

Arun Gill , Senior Market Analyst

Arun joined Signify Research in 2019 as part of the Digital Health team focusing on EHR/EMR, integrated care technology and telehealth. He brings with him 10 years’ experience as a Senior Market Analyst covering the consumer tech and imaging industry with Futuresource Consulting and NetGrowth Consultants.

About Signify Research

Signify Research provides healthtech market intelligence powered by data that you can trust. We blend insights collected from in-depth interviews with technology vendors and healthcare professionals with sales data reported to us by leading vendors to provide a complete and balanced view of the market trends. Our coverage areas are Medical Imaging, Clinical Care, Digital Health, Diagnostic and Lifesciences and Healthcare IT.

Clients worldwide rely on direct access to our expert Analysts for their opinions on the latest market trends and developments. Our market analysis reports and subscriptions provide data-driven insights which business leaders use to guide strategic decisions. We also offer custom research services for clients who need information that can’t be obtained from our off-the-shelf research products or who require market intelligence tailored to their specific needs.

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