News | Yaletown Portfolio Company ThoughtWire Cited in Latest Gartner Healthcare Hype Cycle

Yaletown Portfolio Company ThoughtWire Cited in Latest Gartner Healthcare Hype Cycle

 July 29, 2020

Yaletown Partners is thrilled to report that global research, advisory and information technology firm Gartner has mentioned Yaletown portfolio company ThoughtWire in its latest Healthcare Hype Cycle report, in three separate categories, demonstrating the value of ThoughtWire’s transformative solutions.

Although hospitals are data rich, they struggle to turn data into actionable information. ThoughtWire’s applications for smart hospitals address this challenge, unlocking the value of data generated from built environments by combining it with context from people, processes and devices connected to the Internet of Things (IoT).

Founded in 2009, ThoughtWire initially focused on delivering smarter, safer and more efficient hospitals. The company subsequently added smart buildings and smart cities to its service offerings.

ThoughtWire’s solutions are powered by Digital Twins, or contextual models of the data, context and real-time state of an entire organization and its operation within a built environment.

ThoughtWire continues to develop its award-winning platform, leveraging artificial intelligence to improve its ability to predict behaviours, usages and trends based on the data it gathers, and then take actions autonomously.

“The digital twin is a useful way of thinking about and expressing the characteristics and behavior of a purpose-built IT ecosystem, such as the RTHS [real-time health system] industry vision encapsulates.”

– Hype Cycle for Real-Time Health System Technologies, 2020

The Industrial Internet of Things (IIoT), artificial intelligence and software are creating continuous improvements, solving problems and optimizing outcomes in real-time. Yaletown is proud to have led ThoughtWire’s $20-million Series A financing in 2018 and looks forward to continuing to accompany ThoughtWire in its ongoing success.