1301 ET - Healthcare is ripe for AI improvements, representing one of the most attractive markets for further technology investment, BofA Securities analysts say in a note. Healthcare is wildly inefficient with slow drug development, doctors overburdened with administrative tasks and a claims system that's overly arduous and time-consuming, the analysts say. Additionally, more than 95% of the industry's enormous wealth of data goes unused and is processed manually, they say. As AI integrates further with healthcare systems and allows for more complex use cases, demand for compute and storage will increase greatly, they say. They estimate the healthcare AI market could reach $1 trillion by 2035. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
October 16, 2025 13:01 ET (17:01 GMT)
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