Accenture Invests in Virtonomy to Assist Medical Know-how Corporations Use Digital Twin Know-how to Speed up Time to Marketplace for Medical Units
Accenture Invests in Virtonomy to Assist Medical Know-how Corporations Use Digital Twin Know-how 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 way of Accenture Ventures, in Virtonomy, a supplier of data-driven simulations that use current affected person knowledge and digital twin expertise to deliver life-saving medical units to market extra shortly. Accenture’s funding will assist Virtonomy additional prolong its capabilities to medical expertise (MedTech) corporations throughout the globe and energy the way forward for medical gadget design.
Virtonomy’s digital twin simulation answer allows medical gadget producers to construct mannequin affected person digital environments for gadget testing at a diminished value and with a lesser diploma of regulatory complexity. The answer relies on an ever-expanding database of actual medical knowledge that displays components comparable to anatomical variability, demographic variety, and pathological circumstances.
“Digital twin expertise, alongside knowledge, analytics and AI, is opening the door to limitless new prospects to reinvent the life sciences trade,” stated Tom Lounibos, managing director of Accenture Ventures. “However there should all the time be a powerful 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.”
As an example, Virtonomy’s answer can use current knowledge from medical trials with youngsters to create digital environments the place medical units may be simply arrange, adjusted and validated, and potential impression is seen instantly. This strategy 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 apply.
Petra Jantzer, Ph.D., a senior managing director and international lead of the Accenture Life Sciences apply, stated, “MedTech corporations are prioritizing digital well being by investing in R&D, expertise, digital transformation and creating new enterprise fashions. Virtonomy’s digital twin expertise will help improve medical gadget design in a digital affected person setting, accelerating growth timelines and lowering prices, danger, and regulatory boundaries. Virtonomy is reinventing how medical units are safely and shortly delivered to sufferers.”
“The medical gadget trade is going through growing complexity in growth processes, impacting danger, value, and time-to-market for vital medical units,” stated Dr. Simon J. Sonntag, co-founder and CEO of Virtonomy. “Digital twin expertise will help tackle these challenges and tapping into Accenture’s experience in knowledge technique and administration will assist Virtonomy increase our current database of medical knowledge, with important knowledge and actionable insights that may streamline the medical gadget manufacturing course of.”
The Accenture Know-how Imaginative and prescient 2023 report, “When Atoms Meet Bits: The Foundations of Our New Actuality,” expands on the advantages of digital twin expertise, noting that digital twins create a “window of transparency” that frees up extra knowledge. In response to the report, “this permits house owners 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 Undertaking Highlight, an engagement and funding program that targets rising expertise software program corporations that may assist fill strategic innovation gaps for the International 2000. Along with capital investments, Accenture Enterprise’s Undertaking Highlight gives unprecedented entry to Accenture’s expertise area experience and its enterprise purchasers. Know-how corporations co-innovate with Accenture at its Innovation Hubs, Labs, and Liquid Studios, working with subject material consultants to adapt their options to the enterprise market and scale sooner and extra successfully.
About Accenture
Accenture is a number one international skilled companies firm that helps the world’s main companies, governments and different organizations construct their digital core, optimize their operations, speed up income progress and improve citizen companies—creating tangible worth at velocity and scale. We’re a expertise and innovation led firm with 738,000 individuals serving purchasers in additional than 120 international locations. Know-how is on the core of change at present, and we’re one of many world’s leaders in serving to drive that change, with robust ecosystem relationships. We mix our power in expertise with unmatched trade expertise, useful experience and international supply functionality. We’re uniquely capable of ship tangible outcomes due to our broad vary of companies, options and belongings throughout Technique & Consulting, Know-how, Operations, Business X and Accenture Music. These capabilities, along with our tradition of shared success and dedication to creating 360° worth, allow us to assist our purchasers succeed and construct trusted, lasting relationships. We measure our success by the 360° worth we create for our purchasers, one another, our shareholders, companions and communities. Go to us at www.accenture.com.
About Virtonomy
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 aim is to make use of data-based digital affected person twins to finish the necessity for animal and human testing throughout medical research. Virtonomy at present employs a employees of 15+ and combines experience from the fields of medical expertise, 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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Contact:
Julie Bennink
Accenture
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