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Why Is AI Important In Healthcare

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AI has the potential to make the world better and already has a market projected to reach $70 billion by 2020 (Simonite). Some industries, more than others, have massive potential for AI integration. Many experts consider AI as the fourth industrial revolution and many industry leaders are betting big on its massive potential. In terms of productivity, logistics and distribution and health care are the two industries with the most potential. The logistics and distribution industry is a massive industry with a combined revenue of about $8 trillion (Down). The use of AI and machine learning can help improve efficiency in the coordination of billions of products through the global shipping network. AI also has massive potential in the healthcare …show more content…

In fact, in a recent paper, John Fernald, an economist at the Federal Reserve Bank of San Francisco, found that the last 5 years saw close to lowest productivity growth ever measured in the United States (Rotman). The last time there was significant innovation was during the second industrial revolution, which began in the United States in the late 19th century after the Civil War and was “sparked by an array of innovations and inventions like the railroad, telephone, Bessemer process, among others” (Britannica). The transcontinental railroad changed the lives of many Americans as Americans would be connected across the country and this allowed people to get produce and meats from different parts of the country. Roads, steamboats, and the Erie Canal also linked previously isolated communities together. The new methods of transportation created a domestic market for raw materials and manufactured goods. Astonishingly in just the year of 1879, Thomas Edison tested the first lightbulb, Karl Benz invented an internal combustion, and David Hughes transmitted a wireless signal which led to an unprecedented growth in the economy and health and standard of living for Americans. This industrial phase transformed America’s economy into its modern urban-industrial form. This economic revolution during the Second Industrial Revolution was unique in human history due to the fact that most of the achievements could happen only once. Today’s second machine age has the potential to replicate the effects of the industrial revolution by connecting most people on the planet via a common digital network which mirrors the surplus of innovations and inventions during the Second Industrial

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The American economy was greatly influenced by advancement in the 1800’s, which caused many changes in society and regional identities. Some of these advancements were in the areas of technology, agriculture and commerce. In this period we saw inventions such as the sewing machine, the waltham-lowell factory system, and railroads sweep the nation, and drastically alter the United States economy. The first advancement that impacted the nation was the sewing machine.

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During the period of 1860-1900, there were many factors that helped to promote America’s industrial growth. With railroads increasing commerce, a large supply of necessary resources: coal, iron, and water, help from the supportive government, and a large wave of new immigrants it really was irresistible to not turn into a much more mechanized country. Once the 20th century was upon us, America was one of the greatest industrial nations in the World. Industrialization is what has led this country to be as successful as we know it today. As shown in Document 2, in 1860, there were less than 40,000 miles of railroad track.

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Additionally, due to the railroads being built all across America, new raw materials were able to be moved from city to city allowing for rapid industrial and manufacturing growth which America always was challenged of since its break from Britain. The industrial revolution following the Civil War also differed as agriculture began to become more valuable to a developing nation. For instance, whereas before farmers were isolated from one another and lived in separate homes, due to the reliance of the nation to use the profits derived from agriculture to get more money to buy manufacturing goods stimulating industry more farmers began to move to the cities changing their lives completely. Due to the decrease in the agricultural, scattered, and isolated communities in the Midwest, America was able to become a more compact economic, independent, and industrial powerhouse. For generations, America had relied on old-fashioned, traditional ways of creating

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The Market Revolution, a period of rapid economic and social transformation in the early 19th century, brought about significant changes in America. One of the most notable changes was the development of new transportation infrastructure. For instance, the construction of the Erie Canal allowed for efficient transportation of goods between the Great Lakes and the Atlantic Coast, opening up new markets and facilitating economic growth. Another significant change was the rise of factories and the shift from artisanal production to mass production. Factories, powered by steam engines, enable large-scale production of goods, leading to increased efficiency and productivity.

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And industry was totally undeveloped, forcing households to act as miniature factories, producing almost everything they would need. In the 1800’s though, the lives of nearly all Americans was changed. Transportation has revolutionized trade and the connections between different places. In early America, roads were in such bad shape traveling any significant distance was dangerous. Commerce was driven by rivers.

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Technology is especially important and helped build transportation innovations which then helped travel become easier for businesses and trade. "During the Mid-1800s to the early 1900s there was over a 100,000-mile difference in railroad lines, which helped the rise of citizens, technological improvements, and progress” (Yawp, 41). This helps explain the fact that transportation innovations were a substantial improvement because of technology and helped improve in every way to help build up industrialization to make it better for society. Also, this brought businesses and trade easier and quicker, which then gave the US more revenue and proceeds to help build up more technological ways to do better.

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The invention of the cotton gin decreased labor and increased the production of usable cotton and the demand for items being made from it. Advancements being made in both water and land transportation led to explosive growth in cities and factories; thus improving the national economy little by little. All in all, the revolution taking place in the Americas after the war of 1812 turned the nation into the successful, worldwide marketplace we know of

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The Second Industrial Revolution occurred between the late 1800s to early 1900s. During this time period, the country went through a lot of economic growth and technological advancements. These advancements have helped shape the United States’ economy. The Industrial Revolution transformed the U.S. into a modern industrial economy and improved living standards, with railroads connecting markets, factories producing goods on a large scale, and influential industrialists impacting society (Rafferty and Zelazko). However, this eventually produced adverse outcomes for the United States.

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, and as the US expanded further west, the manufacturing of goods increased a considerable amount leading to new innovations. Early Expansion of the United States The Market Economy Large scale manufacturing and commercial agriculture surfaced in America during the early 1800s, which produced a substantial amount of economic growth and raised the American standard of living. Transportation made a major breakthrough with inventions like railroads, steamboats, canal systems, and clipper ships. These improvements led to faster transportation of goods and people (Shi and Tindall 267-270).

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Between the year of 1865 and the year of 1920, the United States moved towards becoming a more industrialized and developing society. With this change taking place, resulted in improvement with how people live with family and earned money differently. The three major aspects of industrialization during the 1865 and 1920 that influenced the politics, economy and society of the United States are: entrepreneurship, technology, as well as transport and communication network. Entrepreneurship: the period after the Civil War from 1865 to 1920 was characterized by fast economic growth in the country.

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The paper will begin by elaborating on the current state of medical AI development and the potential benefits of these technologies, such as increased accuracy, efficiency, and personalized care. Subsequently, the paper will delve into the potential risks and drawbacks of medical AI concerning natural rights, encompassing the issue of assigning responsibility

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AI can learn from humans and could be used to then solve issues that humans could never solve. It can make business decisions that can benefit the producers and consumers. In an interview with Sudip Singh, he says that from a study he has done that 80% of enterprises are undergoing a shift to becoming AI-driven. AI is starting to make decisions that otherwise humans might not be able to make. Overall, AI has greatly helped improve the world, and it can only get better from

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One notable period includes the second industrial revolution in the 1880’s. This technological revolution gave rise to incredible economic and industrial growth through advancements in manufacturing and production technology. These advancements led to the increased adoption of railroad networks and telegraph lines which in turn connected the world. Even in times of struggle, such as the great depression in the 1930’s, when manufacturing, agricultural, and financial markets were all on the decline, innovation eventually pulled the country out of this difficult time. One of the most important periods of creativity and growth is the era we are currently living in.

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Web. 01 Nov. 2015. Artificial Intelligence has been a positive impact in the working field by being trained in less than thirty minutes to have common sense and adapt to the environment. In 2011, there was a sale hit of $8.5 billion worth of industrial robots sold. There is currently about 1.1 million working robots in the workforce reducing the delivery time by 20 percent.

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