The global consulting giant Ernst and Young (EY) has unveiled EY.ai, a revolutionary platform that amalgamates human expertise with artificial intelligence (AI) capabilities.
In a pioneering move, the global consulting giant Ernst and Young (EY) has unveiled EY.ai, a revolutionary platform that amalgamates human expertise with artificial intelligence (AI) capabilities. This strategic endeavor, underpinned by a formidable investment of US$1.4 billion, solidifies EY’s commitment to empowering organizations for the confident and responsible adoption of AI technologies.
Developed over an intensive 18-month period, EY.ai leverages cutting-edge Ernst and Young technology platforms and extensive experience in areas such as strategy, transactions, transformation, risk, assurance, and tax. This amalgamation is further bolstered by a robust AI ecosystem, highlighting EY’s dedication to pioneering advancements in the field.
Carmine Di Sibio, EY Global Chairman and CEO, emphasized, “AI’s moment is now. Every business is considering how it will be integrated into operations and its impact on the future. However, the adoption of AI is more than a technology challenge. That’s why EY teams help clients identify how to capture the transformative power of AI from every seat at the boardroom table and across the enterprise. It’s about unlocking new economic value responsibly to realize the vast potential of this technological evolution.”
Central to EY’s approach is the prioritization of its people, with a comprehensive learning program designed to elevate AI knowledge and skills among its workforce. The rollout includes a secure, large language model named EY.ai EYQ, following a successful pilot program with 4,200 technology-focused team members. Additionally, bespoke AI learning and development initiatives will be introduced for EY personnel.
EY’s global reach and influence are leveraged through strategic alliances with industry leaders, including Dell Technologies, IBM, Microsoft, SAP, ServiceNow, Thomson Reuters, and UiPath. Microsoft’s early access to Azure OpenAI capabilities, such as GPT-3 and GPT-4, further exemplifies EY’s commitment to staying at the forefront of AI innovation.
EY.ai will be fortified by the EY.ai Confidence Index, a pioneering assessment tool incorporating industry-leading practices in risk, governance, and data management for comprehensive AI evaluation and monitoring. The EY.ai Maturity Model and EY.ai Value Accelerator will complement this, enabling enterprises to gauge their AI progress relative to market peers.
Furthermore, EY.ai will integrate AI capabilities directly into the EY Fabric, the organization’s global technology backbone. This enhancement aims to expedite responses to critical global business transformation priorities, equipping client-serving teams with advanced AI tools.
Nicola Morini-Bianzino, Ernst and Young Global Chief Technology Officer, expressed confidence in EY.ai’s potential impact, stating, “EY.ai reflects the culmination of work and knowledge that the EY organization has been building for a decade. The AI capabilities that EY teams have built and work with clients to date further validates that AI is transformative. I am highly confident that a human-centered approach to transformation using AI will empower EY people, enhance the quality of client work and ultimately change our working world for the better.”
In alignment with its purpose of “Building a Better Working World,” EY’s launch of EY.ai is complemented by a creative marketing campaign titled ‘The Face of the Future’. This initiative showcases EY professionals augmented and empowered by AI, illustrating how the EY.ai platform can catalyze confidence, exponential value creation, and a positive societal impact.
The campaign is scheduled to go live across all channels in October, signaling a new era of AI-driven transformation led by EY.