Instructor: David Schuff, Section 003

Memoona J Khan

AI in Health Care for the Better

Artificial Intelligence is becoming or is already a part of every industry that exists. It will only continue to expand further because it has proven benefits with businesses and consumers. Health care is one of the many industries that AI has impacted. According to Accenture Research, their data predicts from 2018 to 2022, employment in health care will increase by 15% and revenues by 49%. This will be due to the greater interaction between humans and machines. Specifically in health care, AI has brought unique capabilities to the industry. AI now has the capability to identify breast cancer cells with greater precision, increasing accuracy from 96% to 99.5%. Also, with elder care, robots are now reminding patients to take medication and lead them through physical and cognitive exercises. And lastly, there are AI technology that provide greater precision with surgeries. Surgeons are able to sit at a console and nudge the joystick which controls the robotic arms. This eliminates the possibility of human jitters and involuntary tremors. These are a few of the many ways machines are advancing in health care industries. At the pace where AI advancement is growing, will this continue to be proven beneficial or will it come to a point where it becomes extreme?

 

Source: https://hbr.org/2018/03/ai-will-change-health-care-jobs-for-the-better

Ride-Hailing Business Now Better Than Ever

Since Uber and Lyft have come into play, a lot of people have started utilizing these means of transportation rather than driving their own car. The automobile industry believes that personal car ownership will be plummeting in the upcoming years. Due to this belief, companies, like Sony, Bosch, and Avis, are partnering with automotive, ride-sharing companies. The percentage of personal use of cars has fallen below because it is more convenient now to use ride-sharing sources. Consumers are looking for a quick way to get from point A to point B. With parking as the biggest issue, they choose to not utilize their own vehicle, ultimately leading to the question of ownership of one. Uber, Lyft, and other means can be considered a disruptive innovation due to this. It has caused and will continue to cause a change in the automobile industry, as well as transportation industry. 

Source: https://www.wired.com/story/ride-hailing-business-uber-lyft-sony-bosch/

CVS Health Investing Back Into Their Business

After the US Tax Cuts and Jobs Act, CVS Health has made improvements to its business. They are making changes to their employment systems. This act allows them to share in the tax savings. CVS Health has decided to invest in three programs that will enhance their employee benefits and wages. One program is meant to increase the starting wage for hourly employees. This change will affect almost all employees, regardless what department they work for. The second program will allow for affordable health care. CVS will not increase premiums and absorb entire cost for medical and prescription costs. Lastly, the final program allows for paid maternity leave for up to four weeks. This is a new addition to the company benefits.

With these changes, CVS Health is aiming to create long-term and sustainable changes. It is “part of their ongoing commitment to their patients, customers and communities [they] serve…” They want to show that they value their employees. It is due to them that the company strives each and every day.

 

Source: https://www.prnewswire.com/news-releases/cvs-health-investing-in-long-term-and-sustainable-wage-increases-and-benefits-enhancements-following-the-passage-of-the-tax-cuts-and-jobs-act-300595459.html

 

Where and when do we meet?
Alter Hall 603
12:30-1:50 Tuesdays and Thursdays
Office Hours
Tuesdays and Thursdays, 2:00-3:00 PM
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