Earlier this month, Healthcare Artificial Intelligence (AI) company Paige announced a new partnership with the well-known technology giant, Microsoft.
Paige describes itself as a company that is at the forefront of technology and health, especially in the field of cancer diagnosis and treatment. The company explains its mission: “Led by a team of experts in the fields of life sciences, oncology, pathology, technology, machine learning, and healthcare…[we strive] change the course of cancer. We are not only providing additional information from digital images to help pathologists do their diagnostic work better and more confidently, but also to continue extracting new information from digital images that cannot be seen with the naked eye. These unique signatures can help guide clinical decisions and lead to the development of new biomarkers from the diagnostic, medical and life science industries. “
The company offers a variety of solutions. On the clinical front, Paige’s AI tools support advanced lab evaluations with computational pathology, which can be used to diagnose tissue disorders. On the medical front, the company’s tools provide new ways to detect and analyze tissue biomarkers, advancing diagnostic and predictive capabilities.
Thanks to his new partnership with Microsoft, his goal will be to use the most powerful medical equipment and technology to improve Paige’s equipment. Andy Moye, CEO of Paige explained: “In Microsoft, we have found a partner who shares our vision of how healthcare will change… digital pathology? How do we ensure that these tools are used to improve patient care, to achieve better patient outcomes?”
Appropriately, Microsoft’s work in healthcare has grown significantly over the past few years. The company has invested billions in developing important hardware devices such as HoloLens, which have real-world applications in the future of healthcare delivery. In addition, the company has also invested time and resources in software development. The company’s powerful Cloud offering for healthcare is the backbone of the world’s largest healthcare organizations. Through these services, Microsoft has helped unlock significant benefits in the areas of “advancement[ing] Patient commitment, empowerment[ing] health care team collaboration, good[ing] patient-provider experience, add[ing] medical productivity, good[ing] health data information, and protection[ing] health information.”
The deal also comes at a time when the world is changing its focus on artificial intelligence. The world’s biggest tech companies, from Google, to Amazon and Apple, have openly acknowledged that AI is the frontier for technological innovation. Healthcare is one of the many sectors that AI can successfully disrupt. At the very least, AI will enable new ways to analyze, learn from, and use the terabytes of medical data generated every year.
Of course, AI technology is still immature for the most part, especially when it comes to healthcare applications. Innovators still need to invest time and effort in developing safe, ethical, and patient-friendly solutions for the technology. However, if developed correctly, the technology could change the medical landscape for generations to come.