Domestic
Tools
Typography
AI and IT have the potential to create cost savings of up to 5.5 billion euros in the social and health care sector between 2019 and 2028, view two researchers from the University of Jyväskylä.
AI and IT have the potential to create cost savings of up to 5.5 billion euros in the social and health care sector between 2019 and 2028, view two researchers from the University of Jyväskylä.

 

Artificial intelligence and new technologies could make it possible to generate savings of 2.5–5.5 billion euros in the social and health care sector in 2019–2028, according to Pekka Neittaanmäki and Karoliina Kaasalainen from the Faculty of Information Technology at the University of Jyväskylä.

Neittaanmäki and Kaasalainen are the authors of a newly published report examining the savings possibilities created by information technology, reports Talouselämä.

The duo estimate, for example, that the use of artificial intelligence-supported information technology systems would boost staff efficiency in the social and health care sector by 10–20 per cent and create savings of 2–4 billion euros by 2028. The use of artificial intelligence would also enhance the efficiency of medical procedures and create additional savings of up to four billion euros over the next ten years.

The savings potential arises from a number of sub-areas, such as knowledge management, the utilisation of breakthrough technologies and the development of national data management practices.

“Current IT systems do not provide a comprehensive picture of service processes or the functioning of co-operation between basic health care, special health care and social care. Monitoring and optimising the effectiveness of the care chain would create considerable cost savings,” reads a press release from the Faculty of Information Technology.

Neittaanmäki and Kaasalainen also gauge that roughly 200 million euros would have to be invested annually in modernising the information technology systems and another 150 million euros in developing research and education.

The investments would amount to roughly 3.5 billion euros over the next ten years, making the net savings potential roughly 2.5–5.5 billion euros.

Martti Hetemäki, the permanent secretary at the Ministry of Finance, recently came under criticism for estimating that digitalisation could help create cost savings of four billion euros in the social and health care sector.

Aleksi Teivainen – HT
Photo: Martti Kainulainen – Lehtikuva
Source: Uusi Suomi

Finland in the world press

Helsinki Finland Mostly Cloud (night), 2 °C
Current Conditions
Sunrise: 8:33 am   |   Sunset: 3:38 pm
80%     7.6 m/s     34.846 bar
Forecast
Tue Low: -3 °C High: 2 °C
Wed Low: -1 °C High: 0 °C
Thu Low: -1 °C High: 1 °C
Fri Low: -1 °C High: 2 °C
Sat Low: -1 °C High: 1 °C
Sun Low: -1 °C High: 0 °C
Mon Low: -1 °C High: 1 °C
Tue Low: -1 °C High: 0 °C
Wed Low: -1 °C High: 0 °C
Thu Low: -1 °C High: 0 °C

Partners