ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

AAMI, CTA to Collaborate on AI Standards

Arlington, Virginia, Sept. 24, 2024 (GLOBE NEWSWIRE) -- As artificial intelligence (AI) becomes more integrated into the healthcare sector, there is a pressing need for industry standards that will protect patients and promote best practices.

The Association for the Advancement of Medical Instrumentation (AAMI) is pleased to announce that it has signed a memorandum of understanding with the Consumer Technology Association (CTA) that will enable the production of new industry standards related to the use of AI and machine learning (ML) in healthcare products.

The new MOU establishes a framework for AAMI and CTA to collaborate on efforts like the production of new standards documents. Any forthcoming projects will promote the safe, effective use of AI and ML-enabled tools and are expected to impact medical device manufacturers and end users, and the health IT field.

Pat Baird, Senior Regulatory Specialist at Philips, and longtime member of both associations said, “Standards are a great way to share good practices and warn about common pitfalls for a particular topic; I’m happy that AAMI and CTA are starting down a path where even more people can share their perspectives, experiences, and ideas of what good looks like.”

The MOU states that AAMI and CTA intend to coordinate standardization activities related to digital health products and solutions that have AI or ML capabilities. This may include:

  1. Post-market surveillance methodology for over the counter (OTC) health devices
  2. Evaluation and assessment criteria for AI and ML-enabled products
  3. Other activities such as mutual recognition of standards, information sharing, and workshops
  4. The potential for additional collaborative projects

Collaboration with CTA and its members is an opportunity for AAMI to advance its core mission of producing regulatory ready standards. Since 1967, AAMI has used its voluntary industry standards to ensure medical devices and products promote optimal patient outcomes. This new relationship with CTA is a continuation of that mission.

According to Matt Williams, Vice President of Standards at AAMI, “This MOU with CTA is a major milestone in AAMI’s ongoing work related to artificial intelligence. I look forward to the opportunities that this joint endeavor will bring to both our organizations in the future.”

“As health technologies develop at an unprecedented rate, industry-driven standards will be crucial to ensuring the efficacy, safety, and innovation of these products and services,” said Kerri Haresign, Sr. Director of Technology and Standards at CTA. “For CTA, collaborating with AAMI marks an important step in creating the standards needed to guide the responsible development of AI in healthcare."

AAMI members interested in the specifics of the new relationship can learn more by reaching out at standards@aami.org. Journalists who have questions about forthcoming projects from AAMI and CTA are welcome to reach out to AAMI’s media team at dvisnovsky@aami.org.


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.