Accenture Invests in Virtonomy to Assist Medical Expertise Firms Use Digital Twin Expertise to Speed up Time to Marketplace for Medical Units
MUNICH and NEW YORK; April 12, 2023 – Accenture (NYSE: ACN) has made a strategic funding, by Accenture Ventures, in Virtonomy, a supplier of data-driven simulations that use current affected person knowledge and digital twin know-how to deliver life-saving medical units to market extra rapidly. Accenture’s funding will assist Virtonomy additional prolong its capabilities to medical know-how (MedTech) corporations throughout the globe and energy the way forward for medical system design.
Virtonomy’s digital twin simulation answer permits medical system producers to construct mannequin affected person digital environments for system testing at a decreased price and with a lesser diploma of regulatory complexity. The answer is predicated on an ever-expanding database of actual medical knowledge that displays components akin to anatomical variability, demographic range, and pathological situations.
“Digital twin know-how, alongside knowledge, analytics and AI, is opening the door to infinite new prospects to reinvent the life sciences business,” stated Tom Lounibos, managing director of Accenture Ventures. “However there should all the time be a robust knowledge basis to construct correct digital twin simulations. We’ll work with Virtonomy to set a method for real-time knowledge assortment that features high-quality historic knowledge, in addition to steady knowledge monitoring and validation from new sources.”
For example, Virtonomy’s answer can use current knowledge from medical trials with kids to create digital environments the place medical units may be simply arrange, adjusted and validated, and potential influence is seen instantly. This method saves time and nonetheless meets regulatory and moral calls for. Primarily based in Munich, Germany, Virtonomy includes an interdisciplinary workforce of consultants in medical engineering, picture and knowledge processing, visualization and medical follow.
Petra Jantzer, Ph.D., a senior managing director and world lead of the Accenture Life Sciences follow, stated, “MedTech corporations are prioritizing digital well being by investing in R&D, know-how, digital transformation and creating new enterprise fashions. Virtonomy’s digital twin know-how might help improve medical system design in a digital affected person setting, accelerating improvement timelines and decreasing prices, danger, and regulatory limitations. Virtonomy is reinventing how medical units are safely and rapidly dropped at sufferers.”
“The medical system business is going through rising complexity in improvement processes, impacting danger, price, and time-to-market for crucial medical units,” stated Dr. Simon J. Sonntag, co-founder and CEO of Virtonomy. “Digital twin know-how might help handle these challenges and tapping into Accenture’s experience in knowledge technique and administration will assist Virtonomy develop our current database of medical knowledge, with important knowledge and actionable insights that may streamline the medical system manufacturing course of.”
The Accenture Expertise Imaginative and prescient 2023 report, “When Atoms Meet Bits: The Foundations of Our New Actuality,” expands on the advantages of digital twin know-how, noting that digital twins create a “window of transparency” that frees up extra knowledge. In accordance with the report, “this enables homeowners and operators to extra simply visualize, question, and analyze digital twins at totally different ranges of granularity and scale, successfully empowering them to make higher knowledgeable, extra actionable choices.”
This funding is a part of Accenture Enterprise’s Challenge Highlight, an engagement and funding program that targets rising know-how software program corporations that may assist fill strategic innovation gaps for the World 2000. Along with capital investments, Accenture Enterprise’s Challenge Highlight gives unprecedented entry to Accenture’s know-how area experience and its enterprise shoppers. Expertise corporations co-innovate with Accenture at its Innovation Hubs, Labs, and Liquid Studios, working with material consultants to adapt their options to the enterprise market and scale quicker and extra successfully.
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Virtonomy GmbH was based in late 2019 by Dr. Simon Sonntag (CEO) and Wen-Yang Chu (CTO) in Munich, Germany, and develops a cloud-based answer, enabling the continued digitalization of the design and execution phases of medical research for medical units utilizing digital affected person twins primarily based on a considerable amount of imaging, physiological and pathological knowledge. The overarching objective is to make use of data-based digital affected person twins to finish the necessity for animal and human testing throughout medical research. Virtonomy presently employs a workers of 15+ and combines experience from the fields of medical know-how, medical picture processing, synthetic intelligence in addition to numerical simulation and visualization utilizing prolonged actuality. For extra info, go to www.virtonomy.io.
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