LONDON 6th August 2018. Dr Ali Parsa, founder and CEO of Babylon Health at their offices in London. Stephen Lock for the National
LONDON 6th August 2018. Dr Ali Parsa, founder and CEO of Babylon Health at their offices in London. Stephen Lock for the National

AI can be a coach for health says Babylon founder



It is just shy of 5pm in a London office block and the entrepreneur Ali Parsa taps on his phone. Seconds later he has a doctor’s consultation booked for 7.20pm.

“That’s the longest I’ve ever had to wait,” he exclaims. “I’ve never seen an appointment wait this long and it’s still less than three hours.”

Just four short years after its launch, the promise of his Babylon health service as a diagnostic platform is being delivered.  As a self-proclaimed industry disruptor, the former Goldman Sachs executive has set his sights on a far more ambitious goal to ensure artificial intelligence can act as a health coach to protect users throughout their lives.

Using the app: Babylon stumbles on popping knees, but app goes the distance 

Babylon is an online doctor service that operates in both Britain and Rwanda, while its artificial intelligence platforms are widely available in corporate partnerships around the world.

An agreement with the Dubai Health Authority to develop the service in the UAE was signed earlier this year. To Dr Parsa, the accord will demonstrate the promise of AI goes far beyond chatbots and video consultations.

“In the UAE there is a significant amount of doctors, so why duplicate that – why go creating more doctors,” he asks. “Why not add to the immediacy and the accuracy of the service.

“Why not put the artificial intelligence in the pocket of every UAE citizen so that they actually can have the benefits AI but then if they need to talk to an actual doctor they can go and do that as they do now," the former refugee says.

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That is a step beyond what Babylon has offered so far. “First of all we trained the system in artificial intelligence to become the best doctor there can be,” he says.

There are obvious cost savings for patient, provider and the state. Out of 3,000 initial interactions, Mr Parsa estimates that around 1,000 led to video consultations and just 100 need face-to-face meetings with medical staff. Up to two-thirds of healthcare costs can be eaten up in salaries and infrastructure.

The trim and energetic, 55-year-old, who walked across the mountains of Afghanistan as a teenager to escape from his Iranian homeland, sets out the bigger challenge of catching a medical problem much earlier in the cycle. By the time symptoms present, he says, a $10 problem often needs a $1000 solution.

This is where the greatest potential of artificial intelligence sits.  “It learns incredibly fast. Now it needs to become the best psychologist it can be,” he says. “It needs to treat more and more specialties not just do general medicine. More healthcare maintenance, how to keep you at the peak of your health, how to monitor you, how to coach you and how to predict your disease before the symptoms happen.

“How do we take what we know today about behavioural science and use that to get the machine to become incredibly more effective?  Keeping you in compliance with your physiotherapy, with the way you should eat, with the way you should be active, with the way you should do cognitive training. We could be amazingly helpful.”

Diagnosis is a matter of probability analysis and machines are very good at it, according to Dr Parsa. In tests, while on average doctors made the correct diagnosis 72 per cent, the figure for the Babylon system came out at 81 per cent on average and 98 per cent on problems it had seen before.

With more than 2 million paid-up users worldwide, including 30,000 regular NHS patients in the UK, Babylon is not just an app. It operates as a call centre service in Rwanda where there is much lower smartphone penetration in the population. A new service on Amazon’s Alexa will provide an alternative platform for the service.

In Britain’s state-funded health care system, Babylon faces allegations of cherry-picking the young, tech-savvy (and healthy) away from existing clinics that lose revenue while still having to treat those more prone to get sick. But to Dr Parsa it is patronising to say the elderly don’t use the technology, which is more convenient than getting out of the house and down to the doctor.

The overall global approach, however, varies with a heavy reliance partnership with local players that know the gaps of service best.

“We can’t have the arrogance to say we know best,” he tells The National. “In each market, you can’t have the arrogance of saying I have only one solution and that solution has to work everywhere. In the United States, we do a very different thing. In the US we are working with the health systems and the providers and employees.

Chinese messaging platforms offer an entirely new dimension to Babylon, offering a partner that already analyses every aspect of their users digital footprint.

“They know everything, they know every step the people take,” he said. “What is the point of us trying to replicate that when they know Chinese consumer so well. Equally, it’s very hard for them to understand healthcare in the way we do.”

While the logical solution to problems is often simple to devise, it can be less easy to provide working solutions. “How to minimise the time of the doctors and the nurses and how to maximise the accuracy of the technology is the science behind our products”, he says.

The race to bring AI into the heart of healthcare will, he predicts, resemble the rapid concentration of the personal computer industry four decades ago.

“When personal computers came along, it was hobbyist industry. But from the late 1980s there very few global suppliers,” he said. “When we first started there were so many contenders and already today the number is very low. People look under the bonnet, they see who has depth and who doesn’t.”

Babylon is thriving because no one can risk their reputations by tying up with an unreliable system. “What does it mean to Prudential or Samsung to put their name alongside Babylon? It’s about trust,” he said. “As long as somebody makes healthcare access more affordable and put it in the hands of every human being on the earth, I’m happy.”

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Raha%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Kuwait%2FSaudi%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Tech%20Logistics%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2414%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Soor%20Capital%2C%20eWTP%20Arabia%20Capital%2C%20Aujan%20Enterprises%2C%20Nox%20Management%2C%20Cedar%20Mundi%20Ventures%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20166%3C%2Fp%3E%0A
2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor