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Episode Info: Tom Davenport knows analytics, big data, and AI—he teaches executive courses on the subject at Babson College, Harvard Business School, the Harvard School of Public Health, and the MIT Sloan School of Management, and is widely known for his books on analytics and AI in business, Competing on Analytics (2007), Only Humans Need Apply (2016), and The AI Advantage (2018).Davenport notes that a number of life science startups are attempting to use machine learning, big data, and AI to reinvent drug discovery (a subject thoroughly covered in previous episodes of MoneyBall Medicine). But in other areas, progress has barely begun. A few startups are trying to bring machine learning into the world of providers and payers, to offer insight-based recommendations about care gaps and treatment. And a few researchers are studying the use of deep learning for pattern recognition in radiology and pathology imaging. But substantive advances are years away.On the clinical side, Davenport says, "The biggest changes are in the institutions that have more data—combined provider/payer organizations like Geisinger and Kaiser—who absorb the risk of care and need to make informed decisions about it, and are more focused on treating the entire patient and keeping the patient as well as possible. But even there it's still early days."Healthcare organizations that haven't already started to implement analytics may never catch up, Davenport warns. "This is not an area where it's going to be successful to take a fast-follower strategy, because it requires so much data, so much learning, and so much trial and error over time."This episode is part of a special series of interviews with speakers at the AI Applications Summit produced by Corey Lane Partners. Check out the full show notes and other MoneyBall Medicine episodes at our website.Please rate and review MoneyBall Medicine on Apple Podcasts! Here's how to do that from an iPhone, iPad, or iPod touch:• Launch the “Podcasts” app on your device. If you can’t find this app, swipe all the way to the left on your home screen until you’re on the Search page. Tap the search field at the top and type in “Podcasts.” Apple’s Podcasts app should show up in the search results.• Tap the Podcasts app icon, and after it opens, tap the Search field at the top, or the little magnifying glass icon in the lower right corner.• Type MoneyBall Medicine into the search field and press the Search button.• In the search results, click on the MoneyBall Medicine logo.• On the next page, scroll down until you see the Ratings & Reviews section. Below that you’ll see five purple stars.• Tap the stars to rate the show.• Scroll down a little farther. You’ll see a purple link saying “Write a Review.”• On the next screen, you’ll see the stars again. You can tap them to leave a rating, if you haven’t already.• In the Title field, type a summary for your review.• In the Review field, type your r...
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