The role of AI in reshaping healthcare and financial services

Bhamidipati, Maheeza (2025) The role of AI in reshaping healthcare and financial services. World Journal of Advanced Engineering Technology and Sciences, 15 (2). pp. 2942-2949. ISSN 2582-8266

Artificial intelligence technologies are fundamentally transforming healthcare and financial services sectors through enhanced efficiency, automation, improved security, and advanced predictive analytics capabilities. This technical review explores how AI-driven innovations are revolutionizing these critical industries, examining specific applications and implementation impacts. In healthcare, AI applications include diagnostic support systems utilizing natural language processing, predictive analytics for patient deterioration, sophisticated pathology imaging analysis, and emergency response optimization for time-critical interventions. Financial services have similarly benefited from AI implementations in cybersecurity frameworks, risk assessment and credit scoring, market analysis prediction models, automated fraud detection, and regulatory compliance automation. Cross-sector analysis reveals shared benefits in error reduction, security enhancement, and operational efficiency improvements. Despite these advancements, integration challenges with legacy systems, evolving regulatory frameworks, ethical algorithm development requirements, and trust architecture considerations present ongoing implementation hurdles. As these technologies mature, future developments will focus on enhancing explainability, addressing algorithmic bias, and creating sophisticated hybrid systems that effectively combine human expertise with artificial intelligence capabilities to establish new technological foundations for these industries.