Operations Performance Management application company ThoughtWire is forming a new advisory board as it looks to foster innovation in smart buildings and eventually, smart cities.
The company, which sells software applications for commercial buildings and hospitals that help them to operate smarter and safer, said the new advisory board members were chosen for their specific expertise and will help it to disrupt the industries it operates in.
ThoughtWire believes that by helping enterprises realize the value of OPM, they will then be able to drive process-focused solutions that will ultimately change the experience of end users, as well as patient outcomes in the healthcare setting, for example, to make a positive impact on the world.
Salil Munjal is chair of ThoughtWire’s new advisory board as well as its board of directors; he is also managing general partner at Yaletown Partners, a leading venture capital firm.
“ThoughtWire’s technology is transformative – the company is making hospitals and commercial buildings significantly more efficient, thus enabling them to realize better outcomes for patients and workers,” Munjal said. “Our new advisory board is comprised of distinguished leaders from numerous industries. Their decades of experience in building world-class companies in the areas of technology, government, private equity and healthcare will be a tremendous asset to the ThoughtWire executive team.”
Other members of the advisory board include Mike Huaco, the new head of real estate for Uber Tech; Alan Guarino, vice chairman of Korn Ferry, who is based in New York City; The Honorable Christy Clark, a former Premier of British Columbia; and Sam Marafioti, who leads the development and implementation of numerous initiatives at Sunnybrook Health Sciences Centre
ThoughtWire recently introduced two new application suites for the commercial real estate and healthcare provider markets that employ its digital-twin technology, which creates a digital replica of physical assets, processes and systems and integrates historical data from past machine usage to help orchestrate people, processes and things.
The advisory team will focus on uncovering opportunities in markets where ThoughtWire’s OPM applications can solve big problems in improving outcomes for tenants, workers and patients.
For example, the Department of Critical Care at Hamilton Health Sciences in Hamilton, Ontario, implemented ThoughtWire’s Smart Hospital Suite for OPM, which consists of three applications: EarlyWarning, SynchronizedOps and RapidResponse. Using Early Warnings and harnessing the power of patient electronic health records has helped hospital staff anticipate which patients may be at risk for code blue, resulting in a 60 percent reduction in cardiac arrests and unplanned intensive care unit admissions.