Artificial intelligence (AI) is a field of computer science that can analyse large amounts of medical data. In many clinical settings, their ability to exploit significant relationships within a data collection may be employed in diagnosis, treatment, and prediction of result.

Artificial intelligence in medicine can be defined as a scientific discipline concerned with research studies, projects, and applications aimed at assisting decision-based medical tasks through knowledge- and/or data-intensive computer-based solutions that ultimately support and improve a healthcare professional's performance.

The lack of qualified healthcare workers and the development in the processing capacity of AI systems are two significant reasons driving the expansion of the AI in medicine market, which is expected to assist enhance the efficiency of drug discovery and clinical trial management.

On 12th April, 2021 Microsoft Announced Its Acquisition of Nuance Communications (Leading Speech to Text Solution Provider), Valued at USD $19.7 Billion. The Deal is Aimed to Microsoft's Strategic Expansion Across Healthcare Vertical, which is Followed by the Launch of Microsoft Cloud for Healthcare.

Souece: https://www.openpr.com/news/3791296/artificial-intelligence-in-medicine-market-is-likely