Things you need to know:
GE Healthcare (Nasdaq: GEHC) and Amazon Web Services (AWS) (Nasdaq: AMZN) today announced a collaboration focused on developing next-generation artificial intelligence (AI) tools that will transform healthcare delivery. The strategic partnership will harness the power of generative AI to improve diagnostics, streamline workflows and ultimately enhance patient care.
GE Healthcare Selects AWS as Strategic Cloud Partner
GE HealthCare selected AWS as its preferred cloud provider, granting it access to a wide range of healthcare and generative AI services. The collaboration aims to develop innovative foundational models and applications to empower clinicians with advanced tools to improve medical diagnosis and treatment. These new AI-powered workflows are designed to:
- Accelerate innovation: Accelerate the development and deployment of cutting-edge healthcare solutions.
- Increased accuracy: Increase diagnostic and screening accuracy to improve patient outcomes.
- Ease the burden: Relieve the burden on healthcare professionals so they can focus on patient care.
- Promoting equity: Ensuring that all patients receive quality care.
Unleashing the potential of generative AI
GE HealthCare plans to leverage Amazon Bedrock, a managed service that provides secure access to leading foundational models. This technology enables the creation of custom-generated AI applications tailored to their healthcare needs. Bedrock's security and privacy capabilities, combined with industry-leading foundational models, will enable GE HealthCare to build and scale their own solutions to optimize healthcare efficiency, delivery, and the overall patient experience.
Accelerate development with cutting-edge tools
GE HealthCare's development team will leverage Amazon Q, a generative AI-powered software development assistant. This innovative tool streamlines the development process by generating code suggestions and automating tasks. Additionally, Amazon Q Business will be used to explore ways to leverage multi-modal clinical and operational data to reduce physician workload, personalize care, and increase overall healthcare efficiency.
Generative AI ushers in a new era of healthcare innovation
GE HealthCare's collaboration with AWS is expected to significantly shorten the development cycle of clinical applications. By leveraging generative AI technologies, it will be able to reduce development time from years to months and accelerate the delivery of new healthcare solutions. In addition, GE HealthCare plans to modernize its software suite using its own foundational models built on Amazon SageMaker, a platform for building, training, and deploying machine learning models.
Extracting insights from unstructured data
The healthcare sector generates a staggering 30% of the world's data, yet a significant portion (97%) remains untapped due to its unstructured nature. This collaboration will focus on developing multi-modal foundational models specifically designed to analyze vast amounts of unstructured medical data (reports, images, patient records, etc.). These models will deliver valuable insights for a wide range of healthcare applications and offer significant advantages over traditional machine learning approaches.
GE Healthcare: A leader in AI innovation
GE Healthcare has a strong track record of investing in AI technologies. The company has topped the U.S. Food and Drug Administration's (FDA) AI-enabled device approval list for three consecutive years, with an overwhelming 72.3% share. The company's recent work on foundational models includes an advanced ultrasound image segmentation tool, demonstrating the potential for generative AI to automate tasks with remarkable accuracy. The tool has good generalization capabilities and can analyze structures not included in the initial training data, demonstrating its potential for widespread application in a variety of medical settings.
Partnering for a healthier future
This strategic collaboration between GE HealthCare and AWS represents a major leap in the application of AI in the healthcare industry. By leveraging the power of generative AI, this partnership has great potential to transform healthcare delivery, empower clinicians, and ultimately improve patient health outcomes.
“GE Healthcare has been pioneering medical technology for more than a century. With more than a billion patients touched by our products around the world, we play a critical role in improving the quality of healthcare and have a responsibility to continue to push the boundaries of what's possible to enable precision medicine,” said Peter Arduini, president and CEO of GE Healthcare. “This new collaboration with AWS will further strengthen our tradition of innovation by harnessing the power of AI to accelerate the creation of medical technologies that redefine clinical workflows and care delivery.”
