Page 21 - The South China Business Journal

responsibly. Flexible governance frameworks By following these guidelines, AI policies can foster
adaptive to the rapid pace of AI development innovative healthcare solutions while protecting
must be prioritized based on input from industry, patient rights and upholding ethical standards,
academia, and civil society to continuously including transparent, unbiased AI systems. This dual
improve AI regulations. The healthcare sector, in focus is essential for building trust and maximizing
particular, involves unique considerations such as the bene昀椀ts of AI in healthcare. By engaging
patient safety, privacy, and the critical nature of stakeholders, including healthcare providers,
medical decisions. patients, and AI developers, policymakers can create
a balanced ecosystem supporting the responsible
“As AI technology advances, the regulatory integration of AI in healthcare, enhancing patient
frameworks that govern its use must be equally outcomes, and driving growth.
dynamic and responsive. There is a need for
continued dialogue and collaboration among The Bottom Line
stakeholders to future-proof AI regulation,” says
Diana Pankevich, Ph.D. Global Innovation Policy Globally, AI technology is revolutionizing healthcare
by enhancing diagnostic accuracy, personalizing
Lead at Pfizer Inc.
treatment plans, and streamlining administrative
tasks. Its potential to improve patient outcomes,
The Chamber advocates for tailoring AI regulations reduce costs, and make healthcare more accessible
to the unique needs and risks of each sector—be and ef昀椀cient is massive.
it healthcare, 昀椀nance, or transportation—rather
than applying a one-size-昀椀ts-all approach. For By embracing AI, we can create health systems
instance, AI used in diagnostics may have different that are not only more ef昀椀cient but also more
risk pro昀椀les and regulatory needs compared to AI
used in administrative processes within hospitals responsive to the needs of every patient. Balancing
safety with agile, industry-speci昀椀c policies will
and healthcare systems. This position aligns with drive continuous improvement and AI innovation,
the Chamber’s broader emphasis on 昀氀exible, ensuring that AI can evolve while maintaining high
innovation-friendly governance.
standards of safety.