Laboratory medicine plays a pivotal role in healthcare and provides essential diagnostic information to guide clinical decision-making. Emerging technologies such as next-generation sequencing, liquid biopsies, and omics have transformed diagnostic testing on the way of a more personalized medicine. These technologies enable healthcare professionals to obtain more precise and accurate diagnostic information, which can lead to more targeted therapies. Artificial intelligence (AI) is also revolutionizing laboratory medicine with the potential to leverage value at different levels such as improving patient outcomes, clinical laboratories efficiencies and allocation of resources.