TLDR:
- GE Healthcare CEO Peter Arduini explains that the company’s research and development efforts are focused on artificial intelligence (AI)
- AI can enhance health-care workers’ productivity by making patient data more cohesive and improving imaging technology
- Customers are willing to pay more for advanced AI products
- GE Healthcare’s R&D investments have resulted in a pipeline of 40 new products
- Independence from GE has allowed GE Healthcare to focus on healthcare and invest across the company
In a recent interview with CNBC’s Jim Cramer, GE Healthcare CEO Peter Arduini discussed the company’s focus on artificial intelligence (AI). Arduini explained that a significant amount of GE Healthcare’s research and development efforts are directed towards AI, and highlighted several ways in which AI can enhance health-care workers’ productivity.
One area where AI can improve healthcare is in making patient data more cohesive. Arduini discussed the idea of multimodal data integration, where various types of patient data, such as genomics information, pathology information, and image data, are all brought together on one platform. AI algorithms can then be used to analyze this data and help clinicians make more informed decisions about patient care.
AI can also enhance imaging technology, particularly in MRI, CT, and ultrasound scans. Arduini mentioned that customers are willing to pay more for advanced AI-driven imaging products. Over the past year, GE Healthcare’s R&D investments have resulted in a pipeline of 40 new products that utilize AI technology, which Arduini believes will have a positive impact on the business.
Arduini also reflected on GE Healthcare’s first year as an independent company from GE, emphasizing the benefits of independence. He explained that independence has allowed GE Healthcare to have a more focused approach and invest across the company. Arduini attributes their progress and success to the dedicated board and people who are passionate about healthcare.
Overall, GE Healthcare’s focus on AI and investment in R&D has positioned the company to provide innovative solutions that improve patient care and boost healthcare worker productivity. The integration of AI technology into healthcare systems has the potential to revolutionize the industry, and GE Healthcare is at the forefront of this transformation.